Five Gold Standards with Jack McCullough of The CFO Leadership Council and Peter Taylor of Purple

Описание: On this episode of the Leaders of Modern Finance podcast, Jack McCullough of The CFO Leadership Council is joined by Peter Taylor, Corporate Controller at Purple Innovation, a maker of direct-to-consumer mattresses, bedding, bases, seat cushions, dog beds, and more.

⏱️TIMESTAMPS ⏱️
00:00 – Intro
01:54 – The CFO Leadership Council
04:08 – The Controller Role
07:07 – Automation for Efficiency
16:43 – The Changing Financial Leadership Role
23:57 – Gold Standards

Peter has the title of controller, and he and Jack talk about how the evolution of the CFO role in a post-pandemic world has become more of a revolution. Much of that revolution is made possible through new technology innovations that allow controllers to get away from being buried in spreadsheets all day to become more cross-functional members of the accounting and finance team.

A major area where Peter has seen a massive improvement in efficiency is data input. He and his team use AI to automate 80% of data that was traditionally input manually. This frees him and his team to focus on strategic thinking and being a partner in helping to achieve business goals.

The two have an in-depth discussion about Peter’s five gold standards, which include clearly defined and documented processes, clearly defined roles and responsibilities, and proper data capture.

It’s a fascinating and educational conversation.

LEARN MORE about this episode at: https://www.stampli.com/blog/podcast

This episode is brought to you by Stampli. The Most Powerful Way to Process & Pay Invoices. Stampli is the only Accounts Payable Automation software that centers communications on top of the invoice so that accounts payable collaborates better with approvers, vendors, and anyone involved with purchases to quickly resolve issues and questions, resulting in 5x faster approvals.

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