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Thrilled to announce that CFO's Domain has been acquired by @Solomon_Edwards to expand their Office of CFO capabilities! It’s been an incredible journey the last 7 years, from starting my own firm with my partner to navigating a global pandemic 9 months later, to growing and selling the company, I couldn’t be more excited for what lies ahead.
Grateful beyond words to our families, team, clients, and everyone who supported this journey. Couldn't have done it without you.
Full details: businesswire.com/news/home/2…
Patrick Coggins retweeted
Nobody starts a business because they love reconciling accounts.
And there's nothing wrong with that.
You got into this to build something and serve customers.
The books end up being the thing that gets handled last, usually by whoever has a spare hour. Then the forecasts start feeling shaky and nobody trusts the margins, so the natural move is to go hire a CFO.
That's usually a controller problem. A controller owns the accounting side day to day and makes sure the numbers can be trusted.
Sometimes the work starts as basic as rebuilding the chart of accounts, which is just how revenue and expenses get categorized so everything lands in the right place.
I think of accounting as the rearview mirror. It tells you what actually happened.
The CFO is looking through the windshield at where the business is going, and that only works if the mirror is showing you the truth.
Bring in a CFO too early and you end up paying CFO rates for controller work. Wait too long on the controller and the founder ends up holding it all together, or an overloaded bookkeeper does.
So before you ask who to hire, ask what's actually broken. If you can't trust the numbers, start there. If the numbers are solid and the question is where to put the next dollar, that's when a CFO starts paying off.
Who owns your month-end close today?
Patrick Coggins retweeted
Before cutting roles, it’s worth looking at how much time the organization spends producing updates that don't change a decision. AI can help eliminate that duplication, but only if leaders are willing to rethink the process itself. Automating a bad process just makes it faster.
Patrick Coggins retweeted
A lot of professionals are quietly asking a question right now.
If this changes, who am I.
Your identity is more durable than the container it has been living in.
The title does not define you. The work you did to earn it does.
Something I keep seeing in the current hiring environment that is worth naming.
Your hiring process is a signal.
It tells every candidate what working there will feel like before they ever join.
Slow and indecisive in the process communicates slow and indecisive in the culture.
The candidates you most want have other options. They are watching.
Patrick Coggins retweeted
Finance is a natural place to apply AI because so much of the work follows repeatable processes, but the real test is whether it can handle exceptions reliably. Automating the routine work is valuable. Knowing when to stop, flag an issue and bring in human judgment is what makes it useful in a finance function.
@businessbarista
The CFO’s office might be the most underrated place to build AI right now.
Huge budgets, a ton of repetitive work, and teams that are stretched thin every single month.
@Hyphenate saw it early. They just announced a monster $45M Series A at a $270M valuation led by Nexus Venture Partners, with B Capital and OpenAI, HubSpot, and Dropbox joining in.
Here’s why it matters for the enterprise AI playbook:
They didn't build another novelty chatbot. They built an autonomous finance platform for the office of the CFO.
Their agents run real workflows across revenue, treasury, and accounting. The software executes the heavy lifting across existing systems, learns the operation, and only flags a human when genuine judgment is required.
When product-market fit hits hard in enterprise software, it means you're solving a massive, painful problem.
Check out the full story and what the team is building: hyphenate.ai/press/hyphenate…
Massive congrats to the Hyphenate team.
#HyphenatePartner #Sponsored
Patrick Coggins retweeted
Your network is not something you build when you need it.
It is something you maintain so that when you need it, it is already there.
The professionals navigating this moment best never stopped building relationships even when they did not need them.
Before cutting roles, it’s worth looking at how much time the organization spends producing updates that don't change a decision. AI can help eliminate that duplication, but only if leaders are willing to rethink the process itself. Automating a bad process just makes it faster.
A lot of professionals are quietly asking a question right now.
If this changes, who am I.
Your identity is more durable than the container it has been living in.
The title does not define you. The work you did to earn it does.
Patrick Coggins retweeted
I started in accounting and ended up co-founding a consulting firm.
I led bands in my twenties and that taught me more about reading a room than any leadership training I have ever done.
I am now operating inside a PE-backed enterprise after years of running my own thing.
None of that was planned. All of it was the result of saying yes to something that felt slightly uncertain and figuring out the rest while moving.
I think that is actually the honest version of most careers that look intentional in retrospect.
Not a strategy. A series of moves made with the best information available at the time, combined with enough curiosity to keep going when it got hard.
SpaceX's $100B ARR goal is measured on one month.
December.
December revenue times 12. So December alone needs about $8.33B (my math).
Q3 averaged $4.86B a month. That's a 71% jump in one quarter, and the CFO said on the Q3 call they "remain on track".
The Q1 2027 guide, $33B to $37B, is $11B to $12.3B a month (my math).
At $2.0T, SpaceX trades at 20x the ARR it says it hits in 65 days.
$SPCX
Finance is a natural place to apply AI because so much of the work follows repeatable processes, but the real test is whether it can handle exceptions reliably. Automating the routine work is valuable. Knowing when to stop, flag an issue and bring in human judgment is what makes it useful in a finance function.
@businessbarista
The CFO’s office might be the most underrated place to build AI right now.
Huge budgets, a ton of repetitive work, and teams that are stretched thin every single month.
@Hyphenate saw it early. They just announced a monster $45M Series A at a $270M valuation led by Nexus Venture Partners, with B Capital and OpenAI, HubSpot, and Dropbox joining in.
Here’s why it matters for the enterprise AI playbook:
They didn't build another novelty chatbot. They built an autonomous finance platform for the office of the CFO.
Their agents run real workflows across revenue, treasury, and accounting. The software executes the heavy lifting across existing systems, learns the operation, and only flags a human when genuine judgment is required.
When product-market fit hits hard in enterprise software, it means you're solving a massive, painful problem.
Check out the full story and what the team is building: hyphenate.ai/press/hyphenate…
Massive congrats to the Hyphenate team.
#HyphenatePartner #Sponsored
Your network is not something you build when you need it.
It is something you maintain so that when you need it, it is already there.
The professionals navigating this moment best never stopped building relationships even when they did not need them.
Patrick Coggins retweeted
One of the most common and costly leadership mistakes I have seen.
Promoting the best individual contributor into management without preparing them for what the job actually is.
Suddenly they are in a role requiring conflict navigation, developmental feedback, performance management.
None of it was tested before the promotion. None developed after.
Your best accountant and your best accounting manager are often two entirely different profiles.
I started in accounting and ended up co-founding a consulting firm.
I led bands in my twenties and that taught me more about reading a room than any leadership training I have ever done.
I am now operating inside a PE-backed enterprise after years of running my own thing.
None of that was planned. All of it was the result of saying yes to something that felt slightly uncertain and figuring out the rest while moving.
I think that is actually the honest version of most careers that look intentional in retrospect.
Not a strategy. A series of moves made with the best information available at the time, combined with enough curiosity to keep going when it got hard.
Patrick Coggins retweeted
Ted Lasso is a good reminder that humility and curiosity aren’t signs of weak leadership. People are more willing to learn, take risks, and grow when they know their leader values them as people, not just for what they deliver.
JPM Chase CEO says he's a big fan of the #leadership example set by the fictional UK soccer coach, Ted Lasso.
He's an example of a leader who prioritizes curiosity, learning, humility and valuing the people around him.
Hmmm. Lots of #heart in this.
#LeadFromTheHeart #WellBeing #HR #Management #CSuite #WellBeing
Patrick Coggins retweeted
Clean data does not just improve reporting.
It changes how leadership thinks.
When numbers are trustworthy and available in real time, you stop spending the first forty minutes of every review debating whose numbers are right.
You start spending that time on what the numbers mean and what to do about them.
That shift is not incremental. It is transformational.
One of the most common and costly leadership mistakes I have seen.
Promoting the best individual contributor into management without preparing them for what the job actually is.
Suddenly they are in a role requiring conflict navigation, developmental feedback, performance management.
None of it was tested before the promotion. None developed after.
Your best accountant and your best accounting manager are often two entirely different profiles.
Patrick Coggins retweeted
Exit interviews are conducted after it is already too late to do anything useful with the information.
The organizations that retain their best people invest in the conversations that happen before someone decides to leave.
Stay interviews. Real one-on-ones. Managers who know when something is off before it becomes a decision.
Replacing a strong performer costs six to nine months of their salary.
That makes retention conversations look extremely cheap by comparison.
Patrick Coggins retweeted
The CFO question is simple: are we measuring the value AI creates, or just the cost it might remove? Headcount reduction means little if rework, implementation costs and customer outcomes tell a different story.
@mardehaym
Every week, someone tells me their company has launched an AI transformation and expects to need a third fewer people by this time next year.
Before that transformation reaches a real customer, changes the P&L or reshapes someone’s job, make sure you have:
> a problem customers actually notice, rather than a mandate to “use more AI”
> one workflow to start with, instead of forty use cases from a workshop
> a number the business already cares about, like cycle time, cost per case or cash collected
> a baseline measured before anything changes, so you can agree later on what improved
> someone inside the business who owns each workflow, rather than leaving it to the vendor or the board
> a CEO who takes responsibility for the priority, because a program left entirely to IT will stay an IT program
> money allocated in this year’s budget, beyond a mention in the board deck
> an upfront decision about what you’ll do with the time you free up: deliver more or spend less
> something that gets better for the customer, beyond reducing your own costs
> a look at the tools you already pay for, because the capability you need might be a setting nobody has turned on
> a clear reason to use AI instead of a rules engine, a report or a better form
> an honest list of what you won’t automate
> the full workflow mapped by the people who do the work, including what happens when things don’t go to plan
> a process that works well enough to automate, because a broken one will just go wrong faster
> a written list of exceptions and who handles each one today
> the business rules written down, along with why each one exists
> reasonably clean data, because duplicates and typos can find their way into the AI’s answers
> an agreed system of record for each thing that matters, so two dashboards don’t give you two answers
> table and field names that someone in the company can explain
> access to the data within days, without having to wait through a procurement cycle
> vendor contracts that protect your ownership of the data, so you can leave without losing your history
> an honest conversation with the team about how their jobs will change
> new responsibilities for the people whose manual work disappears, especially because they know the exceptions best
> training built around people’s actual work, rather than a generic webinar
> time set aside to learn, because people can’t fit all of this around an already full week
> people in every team who can help colleagues adopt it, beyond the same four enthusiasts who try everything
> usage data checked against what leadership believes, because “everyone uses it” can turn out to mean four people
> managers held responsible for adoption in their teams, beyond showing up at the kickoff
> a plan to involve the experienced staff who’ve done it the old way for fifteen years and know where the AI is likely to get it wrong
> a hiring plan that reflects the new workflow, so you aren’t automatically backfilling roles it no longer needs
> an inventory of every AI tool and agent in use, including the ones employees have set up themselves
> an approved tools list, so people have a clear alternative to finding their own
> clear rules about which data can go into which tool
> human approval before AI moves money, sends formal correspondence or closes an account
> a named person who can turn any agent off and knows exactly how to do it
> an AI policy that sets the limits, backed by systems that enforce them
> logs your CISO can understand
> answers for the auditor about what the AI did, who approved it and which version was running
> legal review of what AI is allowed to commit to on the company’s behalf
> disclosure to customers wherever the law requires it
> signed data agreements before real customer or patient records go anywhere near a model
> applicable data residency requirements addressed for your EU customers
> an incident plan for when AI gets something badly wrong in front of a customer
> vendors chosen for what they’ve put into production, with more to show than a good demo
> references you can actually call
> code, prompts, accounts and IP owned by the company
> an exit plan agreed at kickoff, while everyone is still getting along
> the ability to change model providers
> model contracts that cover price changes and retirement dates
> company-owned API accounts, instead of charges going on a developer’s personal credit card
> a partner willing to tell you when you don’t need them
> cost per completed task measured before rollout; on one logistics rebuild, ours came to about $10 of AI spend per merged pull request
> a monthly operating budget for each workflow, rather than budgeting only by seat
> hard spending limits that stop the work when you reach them
> AI spending and AI savings in the same monthly report
> a plan for the token bill as usage grows
> a CFO who has reviewed the numbers before anything gets built
> a month spent proving it on real data before committing to a twelve-month roadmap
> the new workflow running alongside the old one before you switch over
> a gradual rollout, starting with one team
> evaluations built from real cases by the people who know the work
> someone reviewing actual outputs every week, alongside the dashboard
> a rollback plan for every change
> one workflow running reliably before you start the second
> a definition of done that requires the system to be in production and in use
> the same business metric measured every month after launch
> rework included in the numbers, because faster output means little if people spend longer fixing it
> adoption measured by actual usage
> a quarterly review where stopping a project is a legitimate outcome
> board updates that show business results, rather than counting AI initiatives
> evidence a buyer’s diligence team can understand, if the company might ever be sold
> skills and knowledge that stay with the team after the outside help leaves
And once you’ve done all of that, you’ll still need many of the people you were planning to replace:
> the people doing the work today, to explain how it actually happens
> those same people, to tell you when the AI gets it wrong
> a team lead to decide which cases the AI should never handle
> experienced staff to take over when an AI-assisted case goes wrong halfway through
> managers to keep adoption going long after the launch email
> finance to work out whether anything actually got cheaper
> security and compliance to explain to auditors what happened and why
> engineers who can connect AI to your systems and keep its access under control
> someone senior enough to tell the board that phase two needs to wait until phase one works
> the person who still remembers why a rule exists, long after everyone else has forgotten
Good luck. 🫡
Patrick Coggins retweeted
Most finance functions are built to report on the past.
The business wants insight into the future.
That gap is not a technology problem. You cannot buy your way out of it with a new planning tool.
It is a capability problem.
The CFOs building forward-looking finance functions are doing two things simultaneously.
Automating the backward-looking work aggressively to free up capacity. And developing their teams' ability to think analytically about what comes next, not just accurately about what already happened.












