701: Real-Time Insights, Yet Another Covid Legacy | Adam Meister, CFO, Talend

Published: May 19, 2021, 7 a.m.

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There\\u2019s little question that the pandemic has led business leaders to amp up digital initiatives across most industries.

In response, CFOs have more frequently been called upon to serve up some detailed answers for investors eager to keep a grasp on all spending tied to such initiatives.

However, capital spending numbers were only an appetizer for certain board members and investors who viewed their businesses\\u2019 growing digital operations as a dependable source of new and timely insights into their firms.

\\u201cThe severity of the risk associated with the pandemic pulled finance executives into a place where they needed to be more comfortable in sharing a degree of detail with investors that was much more foreshadowing or predictive,\\u201d says Adam Meister, CFO, Talend, a publicly held cloud data integration company that recently announced its acquisition by private equity firm Thoma Bravo.

According to Meister, the search for more timely insights by investors was most acute shortly after the pandemic\\u2019s arrival in North America.

\\u201cFor the first time, a lot of CFOs were starting to describe things like \\u2018pipeline,\\u2019 which would never have typically been up for discussion,\\u201d comments Meister.

Asked how Talend first responded to the demand for more predictive information, Meister says, \\u201cOn our Q1 call for 2020, we described a little bit of what we were seeing from real-time sales trends. These were not hard metrics at that point but were qualitative and added color to help contextualize the guidance that we had set.\\u201d \\xa0\\xa0

Meanwhile, investors were not the only stakeholders demanding greater data insights. Meister observes that in the past few years, Talend had introduced a broader framework of performance measures designed to answer the growing demand for performance indicators from departments and functional areas.

\\u201cWe asked the question: \\u2018How do we instill these measures as a framework across every department, even beyond sales\\u2014a common framework that can help us to achieve common ways of thinking about economic trade-offs in our business?,\\u2019\\u201d reports Meister. \\u2013Jack Sweeney

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