The Backbone — Episode 14: Scaling the Finance Function, Fundraising, Making Acquisitions &…

Summary

The web content introduces an episode of "The Backbone" podcast featuring Ryan Magee, CFO of Cority, discussing scaling finance functions, fundraising, acquisitions, and operationalizing metrics in the context of a growing technology company.

Abstract

"The Backbone" podcast, hosted by Shubham Datta, returns from a hiatus with Episode 14 featuring Ryan Magee, the Chief Financial Officer at Cority. In this episode, Ryan shares his journey at Cority, detailing how he contributed to the company's growth from 80 to over 300 employees, the successful raising of capital, and the strategic acquisitions of regAction and IQS. The discussion delves into the challenges and strategies of scaling the finance function, the nuances of fundraising, the integration of acquired companies, and the importance of operationalizing metrics within a technology company. The episode concludes with a quickfire round, offering insights into Ryan's favorite online resources, productivity hacks, and daily non-negotiables. Listeners are encouraged to engage with the podcast through various platforms and to leave ratings and reviews.

Opinions

The host, Shubham Datta, believes in the importance of finance leaders' stories and their unique challenges within startups, which is why "The Backbone" podcast was created.
Ryan Magee emphasizes the significance of a solid financial foundation and a scalable finance function as crucial for a company's growth and expansion.
The podcast suggests that operationalizing metrics is vital for the success of an organization, particularly in the technology sector.
The inclusion of a quickfire round indicates the host's interest in providing listeners with personal insights and practical advice from finance leaders.
The podcast values listener engagement and feedback, as evidenced by the call to action for ratings and reviews.

Ryan Magee, Chief Financial Officer at Cority

After a long hiatus, The Backbone is back!

Joining me on this episode of The Backbone is Ryan Magee, Chief Financial Officer at Cority.

For more background on the launch of this podcast, check out Introducing The Backbone!

Joining me on this episode is Ryan Magee, Chief Financial Officer at Cority. Cority offers software as a service for enterprises whose employees face heightened risk at work, helping them manage their compliance to Environmental, Health and Safety policies and regulations.

Since joining Cority in 2012, Ryan has supported the Accounting and Finance department, ensuring that Cority is on solid financial ground, while building a platform for growth and expansion. In 2014 Ryan began supporting the Human Resources and Legal departments as well. Ryan also leads Cority’s Corporate Development and post-merger integration initiatives. He was pivotal in the acquisitions of regAction and IQS in early 2017 which we dive deeper into on this episode.

On this episode of The Backbone, I chat with Ryan about:

His journey to Cority and how he got started in finance within the software industry;

What Cority (formerly Medgate) is all about;

Scaling the finance function as the company grows from 80 employees to 300+ employees;

Raising a large round of capital and making 2 acquisitions;

Operationalizing metrics within the organization and;

The importance of the finance function at a technology company

We close things off with a quickfire round:

Go to online resource for all things startup finance related

Favourite productivity hack

One thing you don’t leave the office before finishing

Take a listen:

The Backbone — Episode 14: Scaling the Finance Function, Fundraising, Making Acquisitions & Operationalizing Metrics

Ryan Magee, Chief Financial Officer at Cority

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Check out previous episodes of The Backbone