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Full-Time

Chief Financial Officer

Posted on 9/4/2024

Vonage

Vonage

1,001-5,000 employees

Cloud-based communication services for businesses

Consulting
Enterprise Software

Senior, Expert

Holmdel, NJ, USA

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Requirements
  • Minimum of 8-10 years of Finance experience, with at least 5 years in a leadership role.
  • Understanding of advanced accounting, regulatory issues, and tax planning.
  • Previous exposure to Enterprise customers.
  • Background in Cloud Communications or SaaS.
  • Experience leading or managing Finance personnel.
  • High level of analytical, communication, and presentation skills.
  • Highly disciplined and structured delivering Operational excellence.
  • Adaptable and able to thrive in a fast-paced, high-growth environment.
  • Expertise budgeting, long-term planning, and financial modeling.
  • Strong interpersonal skills and high levels of tact, integrity and confidentiality.
  • Bachelor’s Degree in Finance, Accounting, Business or related field.
  • Prior leadership experience at an executive level.
Responsibilities
  • Responsible for financial planning, budgeting, forecasting, treasury, tax planning, financial reporting and compliance.
  • Develop and execute a comprehensive financial strategy that supports growth objectives.
  • Plan and implement corporate structure changes to ensure cost-efficient resource allocation and liquidity management.
  • Cultivate a planning culture through robust forecasting, budgeting, and extending the role of Finance & Accounting as a strategic business partner.
  • Manage cash flow and liquidity to ensure adequate and optimized funds to meet obligations and support operations.
  • Interact with investors and stakeholders to communicate financial performance, strategy, and prospects.
  • Oversee the development of financial strategies to support the organization's goals and ensure financial stability.
  • Provide risk advisory & assurance to manage financial risks as well as internal audit.
  • Manage Business Intelligence, analyzing financial insights, monitoring & measuring performance etc.
  • Lead or support M&A activities, including due diligence, valuation and negotiation.
  • Manage and approve pricing strategies & deal negotiations.

Vonage offers cloud-based communication services that enable businesses to integrate voice, messaging, video, and data capabilities into their applications. Its main products include Communications Platform as a Service (CPaaS), Unified Communications as a Service (UCaaS), and Contact Center as a Service (CCaaS), which help improve customer engagement and streamline internal communications. Unlike its competitors, Vonage uses a dual revenue model with both subscription and usage-based fees, allowing for scalability based on client needs. The company's goal is to modernize business communication infrastructure for various industries.

Company Stage

M&A

Total Funding

$1.1B

Headquarters

Holmdel Township, New Jersey

Founded

2001

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
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Simplify's Take

What believers are saying

  • Vonage's acquisition by Ericsson for $6.2 billion positions it for significant growth and innovation within a global network.
  • Winning multiple awards, including Gold in the 5G category and Best Virtual Agent Platform, highlights Vonage's industry leadership and commitment to cutting-edge technology.
  • Partnerships with major players like Singtel and KDDI Web Communications expand Vonage's global reach and enhance its service offerings.

What critics are saying

  • The $1.09 billion impairment charge by Ericsson could indicate financial challenges or integration issues post-acquisition.
  • The competitive landscape in cloud communications is intense, with numerous players vying for market share, which could impact Vonage's growth.

What makes Vonage unique

  • Vonage's CPaaS, UCaaS, and CCaaS offerings provide a comprehensive suite of communication tools that integrate seamlessly into business processes, unlike competitors who may specialize in only one area.
  • The dual revenue model of subscription and usage-based fees ensures financial stability and scalability, setting Vonage apart from competitors with less flexible pricing structures.
  • Recognition as a leader in the Gartner Magic Quadrant for CPaaS for two consecutive years underscores Vonage's strong market position and visionary approach.
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