FinTech caught up with James Haslam, Chief Monetary Officer, ELMO Cloud HR & Payroll, who discusses the function that the Trendy CFO performs in enterprise at present.
James Haslam, Chief Monetary Officer, ELMO Cloud HR & Payroll, seeks to redefine the normal associations of his function as he leads the monetary technique of the tech firm that allows medium-sized corporations inside Australia and New Zealand to ship worker satisfaction via using its cutting-edge know-how.
Haslam’s expertise spans over an 18-year profession in accounting and finance. Earlier than changing into a chartered accountant, he obtained his Bachelor of Science in Engineering and Enterprise from the College of Warwick within the UK. Haslam moved into KPMG’s graduate program in 2001, working largely throughout audit and company restructuring earlier than shifting to Australia in 2005 with KPMG’s secondment program the place he labored primarily in company finance.
In 2014, he joined Deloitte as a director within the company finance workforce. But Haslam’s ambitions have been pulling him away from ‘the Huge 4’ and in 2017 he based Monetary Agility Consulting. “I noticed a spot out there for offering company finance recommendation to mid-market govt groups, significantly round mergers and acquisitions and IPOs,” he explains.
Shortly after founding the corporate, Deloitte reached out to Haslam, referring him to ELMO so as to help with creating the corporate’s prospectus as a part of the IPO, which was profitable in 2017. Little did he know at the moment how the preliminary engagement would set him on the trail to turn out to be a CFO at ELMO.
As he continued with Monetary Agility Consulting, Haslam continued to work on mergers and acquisitions (M&A) initiatives and IPOs till early 2019, together with supporting ELMO on 5 profitable acquisitions, earlier than he succeeded ELMO’s then-CFO, Trevor Lonstein. “It isn’t your conventional route into the CFO function,” Haslam acknowledges, “however the benefit I’ve gained via each my Huge 4 and consulting expertise is a large view of the strengths and weaknesses of many CFO’s who I’ve labored with. I imagine this expertise has supplied me with a extra holistic view of companies which I discover now advantages me in my function.”
The abilities and networking talents gained from each KPMG and Deloitte, together with its prestigious alumni, gave Haslam the instruments he wanted to navigate the trade effectively, however he displays that it was in his personal consulting work the place he discovered the right way to receive his personal alternatives and engagements. “That have to be resourceful and go the additional mile with self motivation has actually honed my negotiation and emotional IQ expertise which are so important in my function at present.” He goes on: “Studying the right way to actually hearken to the wants of stakeholders is integral to my work at ELMO every single day.”
“A Trendy Finance Chief seems to be forward by two or three years; asks themselves ‘how can we make investments and lay the foundations to assist additional development?’ and embraces new know-how in an ever-changing panorama. To do this you have to be partnered throughout the corporate and in a position to talk difficult monetary information with any division in a approach that everybody can perceive.”
To make sure a excessive customary, Haslam enthuses that, for him, and for any good Trendy Finance Chief, it’s crucial to have an ideal workforce that’s each supported and appreciated by the CFO. “My workforce is the spine of our finance operations and I’m a giant believer in empowering my workforce, no matter their aspirations could also be.”
Since Haslam has been within the function, he has expanded the workforce and arrange each a monetary planning evaluation workforce, and a company growth workforce. He identifies being “collaborative” as the important thing requirement for groups.
“I need the workforce debating concepts and speaking collaboratively. I don’t stress about errors, however I need the workforce feeling assured in exploring and discovering options. I usually say, if you cannot repair your situation in lower than 30 minutes, share it. I imagine that we now have an ideal work tradition and I’m solely nearly as good as my workforce. I’m pleased with them and their efforts.”
Uncover the total story of ELMO’s journey, right here.
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