“Business had closed out the year with about 4.5 million in revenue, about a 1.2 million in earnings ... 85% of our book is recurring ... churn is five to seven points a year”
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Said on Acquiring Minds
Todd McElhatton’s finance team · Run the Numbers · Zuora’s COFO On Going Private and Pricing AI | Todd McElhatton
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use Zuora, Workday Adaptive Planning, Blackline and Koopa to close the books in about three days and allocate 85% of the month to forward-looking activities
3 days close, 85% of month forward-looking
“Business had closed out the year with about 4.5 million in revenue, about a 1.2 million in earnings ... 85% of our book is recurring ... churn is five to seven points a year”
“We had a team of three of us... I take the maths, I do that planning, that adaption. Then we'd come back together and say, okay, here are some of the things that we're really going to have to focus on.”
“Instead of 10 day or 15 day close, you can get to a two to three day close, it does take quite a lot of work and organization and reviewing your step by step workflows that gets you there.”
“Baby boom population controls close to 50 to 60% of the wealth ... asset allocation ... close to 70, 75% stocks”
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