Rakib Azad

CFO at Alkira

Curious.  Kind.  Intelligent.

Curious.
Kind.
Intelligent.

About

About Rakib

I have 20 years of diverse Finance experiences that has extensively consisted of cross-functional interactions with business functions throughout an organization that has enabled a broad understanding of complex business processes. Through deep analytical work at these organizations, I have been able to implement projects and recommendations that have led to substantial cost savings, margin optimization and revenue generation. I have worked closely with relevant Marketing & Product functions of these organizations to help deliver incremental margins on our product lines and assortments.

In my recent experiences I have taken on comprehensive Financial leadership roles where I have been continuing to build my core Finance expertise while adding new skill sets and experiences within hypergrowth environments. My goal is continue to be a Finance leader in roles that requires technical expertise, a strategic mindset, and one who can collaborate seamlessly throughout the organization.

I am always researching innovations in these fields whether it be related to software systems or implementing key performance indicators (KPIs) that may not have been traditionally analyzed at an organization. I am also comfortable working with large data sets to reach actionable recommendations and insights.

Specialties: Financial planning, analysis and modeling, Operational (Demand/Inventory/Logistics) Planning, Financial Statement Forecasting, Strategic Planning, Statistical Analysis, Cost control/reduction, Accounting (GAAP), Project Management,and Business Intelligence.

About Alkira

Alkira reinvents networking for the cloud era with global unified network infrastructure delivered as-a-service. The Alkira Cloud Networking platform is a solution that offers enterprises a dramatically simplified experience for deploying global, high-speed hybrid and multi-cloud networks connecting users, sites, and clouds with integrated network and security services, end-to-end day-2 operational visibility, advanced controls, and governance. There is no need to procure hardware, deploy complicated... do-it-yourself software solutions, or learn cloud networking architectures. Just draw your network on an intuitive digital design canvas, provision it in one click, and start using it in minutes. Alkira Network Cloud is trusted by the global Fortune-100 enterprises, leading system integrators, and managed service providers.

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Show Notes

Show Notes

Rakib Azad shares his career journey from studying medicine to becoming a CFO in the tech industry. He discusses his transition from medical studies to finance and how he discovered his passion for numbers and business. Rakib also talks about his experiences at MongoDB, Chain Analysis, and Alkira, highlighting the similarities and differences in the infrastructure software space. He explores pricing models in the industry and the challenges of building a winning finance team while scaling a company. In this episode, Rakib Azad, CFO of Alkira, discusses the importance of building a diverse and well-rounded team, hiring for diversity and fit, investing in talent for an IPO, implementing systems and processes, navigating the IPO process from an FP&A perspective, the role of a modern CFO, the first 90 days at a new company, defining a successful career, advice for his younger self, and what keeps him going as a CFO.

Takeaways

    ...
  • Building a diverse and well-rounded team is crucial for success in finance organizations.
  • Hiring for diversity and fit is important to create a healthy and productive work environment.
  • Investing in talent for an IPO should be done strategically and well in advance of the IPO.
  • Implementing systems and processes is essential for scaling a company and optimizing financial operations.
  • Navigating the IPO process from an FP&A perspective requires deep understanding of the business and close collaboration with stakeholders.
  • The role of a modern CFO goes beyond numbers and involves being a strategic business partner.
  • The first 90 days at a new company should be focused on listening, learning, and building relationships.
  • A successful career is defined by making a meaningful impact and building great companies.
  • Advice for a younger self includes being patient and diving deep into learning opportunities.
  • What keeps a CFO going is the challenge of solving new problems and contributing to the growth of a company.
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Quotes

Quotes

“I just love operations and how the numbers tie back to it.”

“Being in the tech world is unbelievable because it's things that you wouldn't have imagined 15, 20 years ago, some of the tech that's coming out. And now, I'm helping these companies become seminal companies and it's a great feeling.”

“I pay a lot of attention to the go-to-market org and how that needs to evolve.”

“It's a hard buy at first because sometimes it is transformational… So the logo land is tough. So that's been a theme I'm seeing. But then the economics are tremendous. So it's a high cost to acquire. But the LTV gets delivered in spades once you have the right solution.”

“I love to have a well-rounded team because I think you get the best work from some of the parts who are really different.”

“You want processes and automations that actually make people's lives easier while also building the backend guardrails and then compliance that are required.”

“If you are an FP&A team that is very proactive in the business, you're gonna be everywhere in the IPO process.”

“Obviously you want that you're the guy who knows numbers and you have the foundation of us understanding how P&L and everything works. But now you... are that strategic business partner with that acumen.”

“I'm gonna be a guy who's gonna have empathy and also hold you accountable. So that's what I pride myself on. I think the modern CFO needs to have those two aspects in them.”

“It's up to the modern CFO to deliver the company's strategy in a way that's digestible for each of the leaders.”

“The more you put your effort in and learn more, the better your future self is going to be.”

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Episode Summary

Episode Summary

Coming soon...

Lightening Round

Lightening Round

Sweet or Savory

Savory 

Books or Podcasts

Books 

Thinker or Doer

Thinker 

Scotch or Whiskey

Whiskey 

Introvert or Extrovert

Introvert 

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How does someone can impress you?

someone who thinks about challenges wholistically

If you could be CFO of any company for a day, which company would you choose?

New York Mets

One hidden talent

Singing

Ideal place to retire

Spain

If you could teleport yourself right now, where would you go?

Dhaka, Bangladesh

#1 items on your bucket list

Open an eatery in honor of Mom

Who is your role model?

Dad

What can make you 10x more productive?

Junior Analyst

Episode Transcript

Episode Transcript

Coming soon...

Words on SoF

Thanks Rohit, I enjoyed the conversation!
- Rakib Azad