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Full-Time

Chief Financial Officer

Cfo

Posted on 6/27/2024

Zenoti

Zenoti

501-1,000 employees

Cloud-based software for beauty businesses

Consumer Software
Enterprise Software

Expert

Seattle, WA, USA + 1 more

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Financial analysis
Requirements
  • Bachelor's degree in finance, accounting, business administration, or a related field; MBA or CPA preferred.
  • Proven experience (15+ years) in a senior leadership role, ideally within the SaaS industry or technology sector.
  • Comfort in working across different time zones.
  • Strong financial acumen and analytical skills, with the ability to interpret complex financial data and trends.
  • Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively at all levels of the organization.
  • Demonstrated leadership experience, with a track record of building and developing high-performing teams.
  • Strategic mindset and business acumen, with the ability to translate financial insights into actionable strategies and initiatives.
  • Knowledge of regulatory requirements, accounting principles, and financial best practices.
  • Experience with financial planning and analysis (FP&A), financial modeling, and investment analysis.
  • Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities and business needs.
  • Strong ethics and integrity, with a commitment to upholding the highest standards of financial stewardship and compliance.
Responsibilities
  • Develop and execute the Company's financial strategy in alignment with overall business objectives.
  • Lead the annual budgeting process and provide regular financial forecasts and analysis to support decision-making.
  • Create detailed financial models projecting revenue, expenses, and cash flow.
  • Oversee all aspects of financial management, including accounting, budgeting, forecasting, and cash flow management.
  • Prepare and present accurate and timely financial reports to the Executive Team, board of directors, and external stakeholders.
  • Ensure compliance with all regulatory requirements, accounting standards, and tax obligations.
  • Provide strategic financial analysis and insights to support business decision-making and long-term planning.
  • Assess the current financial health and determine the fundraising requirements.
  • Build and lead a high-performing finance team, providing mentorship, coaching, and professional development opportunities.

Zenoti provides cloud-based software tailored for salons, spas, and med spas, helping over 12,000 businesses across more than 50 countries manage their operations. The software includes tools for appointment scheduling, billing, payments, reporting, analytics, marketing, employee management, and inventory control, all aimed at improving customer experience and automating front desk tasks. Operating on a Software-as-a-Service (SaaS) model, clients pay a subscription fee for access to the software, which is continuously updated without manual installations. Zenoti distinguishes itself by offering modern, touchless interactions like online booking and self-check-in, along with 24/7 support and assistance with data migration for new clients. The company's goal is to enhance the efficiency and customer experience of businesses in the beauty and wellness industry.

Company Stage

Series D

Total Funding

$331M

Headquarters

Bellevue, Washington

Founded

2010

Growth & Insights
Headcount

6 month growth

0%

1 year growth

3%

2 year growth

-6%
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Simplify's Take

What believers are saying

  • Zenoti's continuous innovation, driven by industry veterans from companies like Microsoft and Amazon, positions it for sustained growth and technological leadership.
  • The company's inclusion in the Deloitte Fast 500 for five consecutive years underscores its rapid growth and market acceptance.
  • Strategic partnerships and acquisitions, such as with Acquisition Aesthetics, expand Zenoti's market reach and service offerings.

What critics are saying

  • The highly competitive SaaS market for beauty and wellness requires Zenoti to continuously innovate to maintain its edge.
  • Rapid expansion and frequent leadership changes could lead to strategic misalignments and operational challenges.

What makes Zenoti unique

  • Zenoti's cloud-based SaaS platform is specifically tailored for the beauty and wellness industry, unlike broader SaaS solutions that serve multiple sectors.
  • The company offers a comprehensive suite of tools, from appointment scheduling to inventory management, providing an all-in-one solution that many competitors lack.
  • Zenoti's focus on modern, touchless interactions like online booking and e-payments sets it apart in enhancing customer experience.
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