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578: The Awesome Power of FP&A  |  Jason Child, CFO, Splunk

578: The Awesome Power of FP&A | Jason Child, CFO, Splunk

FromCFO THOUGHT LEADER


578: The Awesome Power of FP&A | Jason Child, CFO, Splunk

FromCFO THOUGHT LEADER

ratings:
Length:
55 minutes
Released:
Mar 8, 2020
Format:
Podcast episode

Description

Less than a year after his arrival at Splunk—a fast-growing, San Francisco–based software developer—CFO Jason Child appears to have been fully repatriated to his native land. To be clear: The “land” to which we refer is not the code-crunching zone of software development but the turf of business growth and scale—a locale in which Child resided for more than a decade while serving in multiple finance leadership roles at Amazon. Child first joined that company in 1999 as a corporate controller before being reassigned to the firm’s FP&A function. During his 12 years at Amazon, the online retailer grew into a colossus, with annual revenue jumping from roughly $1 billion in 1999 to $50 billion in 2011, the year following his departure. Since his stint at Amazon, Child has occupied the CFO office at multiple companies, including Groupon, where, less than a year after his arrival, the company would raise $700 million in an initial public offering—the second-biggest tech IPO in history at the time, behind only Google’s. Still, as Child points out for us, he had yet to nab a CFO position inside the more traditional software development realm, where his “growth and scale” credentials appear to always be in high demand. At Splunk, where sales grew 38% year-over-year in 2019, Child appears to have found a software match. – Jack Sweeney   Less than a year after his arrival at Splunk—a fast-growing, San Francisco–based software developer—CFO Jason Child appears to have been fully repatriated to his native land. To be clear: The “land” to which we refer is not the code-crunching zone of software development but the turf of business growth and scale—a locale in which Child resided for more than a decade while serving in multiple finance leadership roles at Amazon. Child first joined that company in 1999 as a corporate controller before being reassigned to the firm’s FP&A function. During his 12 years at Amazon, the online retailer grew into a colossus, with annual revenue jumping from roughly $1 billion in 1999 to $50 billion in 2011, the year following his departure. Since his stint at Amazon, Child has occupied the CFO office at multiple companies, including Groupon, where, less than a year after his arrival, the company would raise $700 million in an initial public offering—the second-biggest tech IPO in history at the time, behind only Google’s. Still, as Child points out for us, he had yet to nab a CFO position inside the more traditional software development realm, where his “growth and scale” credentials appear to always be in high demand. At Splunk, where sales grew 38% year-over-year in 2019, Child appears to have found a software match. – Jack Sweeney   CFOTL: What was the business opportunity that brought you to Splunk? Child: When I found out that the Splunk job was open, I jumped at the chance just because I had seen that Splunk really has a chance to be one of the next generational software providers and that it just has a really unique approach to managing the largest datasets. In the software business, we don't have COOs. There's typically a TRO, which we have, and a president of sales. We've got the technology and engineering organizations, of course. My team is trying to really build up the business operations and the transformation teams. I'm taking on those teams, which is a recent decision that we've made. I want to see the finance function become the team that really helps to drive our operational cadence and our progress because this company is growing. Our ARR growth is over 50%—we're at $1.44 billion. We have pretty high growth and already pretty large numbers, so it's all about getting the operational cadence, getting the dashboarding and the weekly business reviews and all of the right operational reviews in place to make sure that all of the right info is in place. Things are breaking every day somewhere, and being able to identify as early as possible where things are breaking and where resources and attention ar
Released:
Mar 8, 2020
Format:
Podcast episode

Titles in the series (100)

CFO THOUGHT LEADER is a podcast featuring firsthand accounts of finance leaders who are driving change within their organizations. We share the career journey of our spotlighted CFO guest: What do they struggle with? How do they persevere? What makes them successful CFOs? CFO THOUGHT LEADER is all about inspiring finance professionals to take a leadership leap. We know that by hearing about the successes — (and yes, also the failures) — of others, today’s CFOs can more confidently chart their own leadership paths across the enterprise and take inspired action.