Episode 03
Public company accounting processes with 8x8’s Eric Van Cleve
Episode summary
In this episode of Controllers Classified we explore the role of accounting in scaling businesses as well as public company accounting processes with Eric Van Cleve, Controller at 8x8. The episode begins with a recap of Eric’s career in accounting, detailing his discovery of accounting in college and how he worked his way up the ladder once he landed client side out of college. He notes that he found the most success when he focused on being interested, proactive, curious and capable.
The episode then turns to a discussion on how to think about directing accounting operations at scaling companies. Eric shares how he thinks about team structure to ensure efficiency in the close process as well as his decision making framework for where to automate and where to offshore. In every decision he tries to factor in not just current but also future business needs.
From there, the discussion deep dives into private vs. public company accounting, with Eric providing advice to finance and accounting leaders at pre-IPO companies regarding what to prioritize as they think about SOX readiness. He notes that these companies must be able to confirm that the answers they get to in their data are in fact the right answers. In other words, teams have to be able to prove out their control processes and ensure that reporting obligations can be met. And of course, teams should familiarize themselves with 10Ks and 10Qs.
The episode closes with Eric’s favorite accounting joke. Why did the accountant break up with the calculator? Tune in now to find out!
Show notes
Streamlining accounting processes for a faster close [07:19]
Automating and accelerating accounting processes [10:09]
Accounting processes at public companies [27:51]
Preparing accounting teams for audits [33:48]
Guest bio
Eric Van Cleve, Controller, 8x8
With over 20 years of accounting experience, Eric has led teams of over 15 people and is capable of directing accounting operations including SEC, audit, scaling a company, cost cutting, and negotiating. He enjoys working with seed, startup, growing or established companies.
“You need your team to know what the right answer is so that way when you’re delivering it to the auditors, they can do their basic checks.”
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Learn how our spend platform can increase the strategic impact of your finance team and future-proof your company.