It was shortly after Eugene Wong exited the banking world to advance into a senior operations role that he realized the importance of a holistic view. At one meeting, he uncovered a disconnect between product and sales teams that threatened a strategic initiative. By stepping in and aligning priorities, he emerged as a “quarterback,” bridging perspectives and clarifying responsibilities.
This revelation set the tone for Wong’s career journey. Originally honing his financial acumen at Silicon Valley Bank, he gained close exposure to startup ecosystems and leveraged finance transactions. Later, he pursued an MBA, joined Goldman Sachs to build on transactional capabilities, and returned to Silicon Valley Bank in a senior role. Ultimately, he stepped into the fast-paced realm of growth-stage companies, seeking to become a true financial operator.
Read MoreToday, Wong serves as CFO of Clara Analytics, where he orchestrates data-driven decision-making and fosters cross-functional collaboration. “You can’t stay behind spreadsheets,” Wong tells us, “you have to understand what each team does day in and day out.” By meeting regularly with department leads, he ensures finance is a trusted partner rather than a distant overseer.
Wong credits his “big-picture” focus for having sharpened his resource allocation instincts. “Anytime you spend money or time in one place,” Wong tells us, “you’re making a bet you can’t place elsewhere.”
Made Possible By
Eugene Wong’s CFO Playbook
- Holistic View: Prioritizes cross-departmental insights to preempt silos and align objectives.
- Resource Allocation: Uses clear frameworks to balance growth, profitability, and innovation.
- Operational Agility: Embraces iterative decision-making to respond quickly to shifting market dynamics.
- People-Centric Approach: Champions open communication and empowers teams to think strategically.
CFOTL: Tell us about this company—what does it do, and what are its offerings today?
Eugene Wong: “Clara Analytics was founded in 2017 as a (growth-stage) Series C AI SaaS company focused on casualty lines of business…(We) serve both large insurance carriers and smaller self-insured organizations looking to optimize workers’ compensation and general liability claims.
Our AI tools (provide) predictive insights for claims adjusters, helping them prioritize tasks more efficiently. We also offer document intelligence, which quickly scans and extracts data from (hundreds) of pages, streamlining workflows. In all, we’re like a co-pilot—enhancing human judgment with AI-driven guidance—and our customers typically see a five- to ten-times return on investment within a year.”
Clara Analytics www.claraanalytics.com Sunnyvale, CA