By Nina Trentmann April 13, 2020 5:51 am ET Like many finance chiefs, Andrew Casey of WalkMe Inc. puts in long hours wrestling with the company’s books, trying to get a handle on the enterprise software business’s financial position as its first CFO.
From his home office, he has assessed WalkMe’s cash position and established typical processes and routines amid an atypical crisis. Chief financial officers are playing a crucial role as companies try to navigate the economic fallout from the pandemic, which has upended their supply chains, revenue forecasts and liquidity plans and already is forcing some businesses, including startups, into bankruptcy.
That is especially true when face-to-face communication is all but impossible. “Starting a role virtually is not ideal, especially in an essential area such as finance,” Ms. Logue said. The company has more than 2,000 corporate customers and more than $130 million in annual recurring revenue, according to Dan Adika, the company’s chief executive and co-founder. The company has raised more than $307 million in venture-capital funding since its inception in 2011.
Having managed through previous crises, Mr. Casey—who has 29 years of finance leadership experience at various technology companies, including Oracle Corp. and Symantec—said he has the confidence to navigate this one.
دهاء في زمن الكرونا 😍
I know someone who built a wall instead of trust. I think 🤔 you know him.