What can finance teams learn from the Agile software development rank-and-file? Join Tom FitzSimmons, CFO of Payfone, as he reveals his CFO mind-set and why collaboration between cross-functional teams is critical to the future of finance. ¤
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Driving Change: The Ah-Hah! Moment
SIMMONS: For me one of the Ah-hah! moments came when I was at Envision and we made a change in our software development methodology. So, we went from being a waterfall development company doing Agile development methodology and retrained the whole company. Then in the process of doing that, we wanted everybody to be familiar and I sent my entire finance staff to the training as well, as well as myself. And the real ah-hah! moment came when I looked at how that approach worked to software development where you were doing very iterative fast development and what they called sprints and you were burning through list of items and getting feedback quickly.
I looked at that and I realized that could be applied to finance and I took the same concepts and took the finance group and we started running the finance group the same way.