The Bottom Line: Tools for Your Finance Team

The Bottom Line: Tools for Your Finance Team

Hope the New Year
is treating you well!

In today's newsletter, we've got:

– Tools for finance pros
– Ways to make your presentations more interesting
– Business books, stock plunges, and answers to your questions

Oh, and if you're enjoying my weekly newsletter, please pass it on to a friend! Use this link. You can also share it on Twitter or LinkedIn.

– Mike

Top tools

The Top Tools for CFOs and Finance Teams

A few days ago, I was sitting at my desk thinking, "man, I wish someone would create a guide of a ton of tools for CFOs and other finance teams."

Then a day later, I found this. Strange how that works out. But this piece from Spendesk is loaded with tools that'll make your job easier. I've listed a few of their favorites here:

Expense management
Expensify might be the most used tool for expense management. It's incredibly simple to use, but Spendesk says that it can be a pain if you need to integrate software with it.
Receipt Bank lets you automate data collection and retrieval for invoices and expense reports. It's another simple one to use, but isn't too flexible in how you can use it.

Xero is loved by tons of businesses. Spendesk says that it has one of the most intuitive user experiences possible, which gives it bonus points in my book. It also apparently integrates with 3rd-party tools very easily. The downside? It can be expensive.

Have you heard of Gusto? It's an advanced payroll platform that allows finance teams to automate a ton of tasks. Best of all, Spendesk claims that it's not more expensive than its competitors.

Performance reporting
Need a dashboard for reporting? You might wanna check out Domo. It's an easy-to-use data viz tool that allows you to update your dashboards in real-time. It can get pricey depending on what you need.

This guide is behind a form, but it's definitely worth downloading...


make an interesting presentation

How to Make a Financial Presentation Interesting in 7 Steps

Tell me if this sounds familiar...

You've got a company meeting coming up and you have to update the company on some financial data. So, you pull all your data together and throw it in a PowerPoint. When you're standing in front of the audience giving your presentation, you can tell that no one is paying attention.

It (probably) isn't you. Financial presentations are just sometimes boring. Luckily, the team over at Turbine have some tips to help make your next financial presentation a little more interesting. Here goes...

Tell the story behind the data
People are naturally geared to tune into stories. Data on its own can be boring, but when you explain the "why" behind the data, you'll help your audience connect with it. That'll keep them more engaged.

Follow the 10-20-30 rule
This is a Guy Kawasaki rule. He says that your presentation should have 10 slides, last 20 minutes, and use 30 point font. The point here is to not have too many slides, keep things simple, explain them concisely, and use a font that people can read.

Hide your notes and bullet points
Toss them out, actually. No audience listens when the presenter is standing in front of them reading off of the presentation. Show your chart, explain it, and forget the notes. It might take some practice, but it'll keep the audience engaged.

Make it picture perfect
Remember how I mentioned Domo in the article above? It works here too. Data visualization can help any presentation. There are plenty of tools that can help you with this if you're not a graphic designer.

Okay, click through for the rest of the article...


The Hit List

What else am I reading this week?

1) Duke did a study and found that nearly half of US CFOs think a recession is coming in the 2nd half of this year.

2) If you like to read, published a list of 10 business books to read in 2019.

3) The stock market is plunging, and the Washington Post answers 10 questions about what it all means.

Pick of the Week

Recently saw this quote from Sankar Narayan, the former CFO of Xero:

"As a leader in a company, the modern CFO needs to propel a culture of security. No longer is our job just about revenue, costs and budgets."

Tweet this quote

About the Author: Mike Volpe
Mike is the CEO of and an active member of the startup community as a board member at Validity and Privy, and as an angel investor in more than 40 startups. Before Lola he held executive positions at HubSpot and Cybereason.