Dave Damond's guest appearances

Dave Damond

CFO THOUGHT LEADER

The Accounting Podcast (formerly Cloud Accounting Podcast)

CFO Weekly

OwlTail

Our GuestDave Damond, Sr VP/CFO at March of Dimeshttps://www.linkedin.com/in/dave-damond-73853bb/Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts  Podchaser: http://cloudacctpod.link/podchaser  Spotify: http://cloudacctpod.link/Spotify  Google Play: http://cloudacctpod.link/GooglePlay  Stitcher: http://cloudacctpod.link/Stitcher  Overcast: http://cloudacctpod.link/Overcast  ClassifiedsGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info.Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

Our Guest Dave Damond, Sr VP/CFO at March of Dimes <a href="https://www.linkedin.com/in/dave-damond-73853bb/" rel="nofollow" target="_blank">https://www.linkedin.com/in/dave-damond-73853bb/</a>Need CPE?  Subscribe to the Earmark Accounting Podcast: <a href="https://podcast.earmarkcpe.com/" rel="nofollow" target="_blank">https://podcast.earmarkcpe.com</a> Get CPE for listening to podcasts with Earmark CPE: <a href="https://earmarkcpe.com/" rel="nofollow" target="_blank">https://earmarkcpe</a>Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet <a href="https://twitter.com/blaketoliver/" rel="nofollow" target="_blank">@BlakeTOliver</a> and <a href="https://twitter.com/davidleary/" rel="nofollow" target="_blank">@DavidLeary</a>. Find us on <a href="https://www.facebook.com/CloudAccountingPodcast/" rel="nofollow" target="_blank">Facebook</a> and, if you like what you hear, please do us a favor and write a review on <a href="https://itunes.apple.com/us/podcast/cloud-accounting-podcast/id1312460765?mt=2" rel="nofollow" target="_blank">iTunes</a>, or <a href="https://www.podchaser.com/podcasts/cloud-accounting-podcast-588480" rel="nofollow" target="_blank">Podchaser</a>. Interested in sponsoring the Cloud Accounting Podcast? For details, <a href="http://cloudacctpod.link/SponsorshipProspectus" rel="nofollow" target="_blank">read the prospectus</a>, and NOW, you can see our smiling faces on <a href="https://www.instagram.com/cloudacctpod/" rel="nofollow" target="_blank">Instagram</a>! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040 Need Accounting Conference Info?  Check out our new website - <a href="https://accountingconferences.com/" rel="nofollow" target="_blank">accountingconferences.com</a> Limited edition shirts, stickers, and other necessities TeePublic Store: <a href="http://cloudacctpod.link/merch" rel="nofollow" target="_blank">http://cloudacctpod.link/merch </a>Subscribe<ul> <li>Apple Podcasts: <a href="http://cloudacctpod.link/ApplePodcasts" rel="nofollow" target="_blank">http://cloudacctpod.link/ApplePodcasts</a> </li> <li>Podchaser: <a href="http://cloudacctpod.link/Overcast" rel="nofollow" target="_blank">http://cloudacctpod.link/podchaser</a> </li> <li>Spotify: <a href="http://cloudacctpod.link/Spotify" rel="nofollow" target="_blank">http://cloudacctpod.link/Spotify</a> </li> <li>Google Play: <a href="http://cloudacctpod.link/GooglePlay" rel="nofollow" target="_blank">http://cloudacctpod.link/GooglePlay</a> </li> <li>Stitcher: <a href="http://cloudacctpod.link/Stitcher" rel="nofollow" target="_blank">http://cloudacctpod.link/Stitcher</a> </li> <li>Overcast: <a href="http://cloudacctpod.link/Overcast" rel="nofollow" target="_blank">http://cloudacctpod.link/Overcast</a> </li> </ul> Classifieds Go here to create your classified ad: <a href="https://cloudacctpod.link/RunClassifiedAd" rel="nofollow" target="_blank">https://cloudacctpod.link/RunClassifiedAd</a> Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info.Full Transcript Available Upon Request - <a href="mailto:info@cloudaccountingpodcast.com">info@cloudaccountingpodcast.com</a>

March of Dimes CFO Dave Damond Gives His Two Cents

When does a mission-driven CFO initiate a crucial turnaround of an erstwhile nonprofit that’s been losing money for years and has a legacy pension plan dragging down its balance sheet? Before he’s even been offered the job. At least that’s how you take care of business if you’re March of Dimes Senior Vice President and CFO Dave Damond. “I came in with a change management plan,” reveals the former KPMG auditor, who was a finance executive with American Red Cross before launching himself into his current role in 2018. “In fact, when I was interviewing, they showed me what the current table of organization looked like. And I said, ‘Yeah, that’s wrong – here’s what it should look like.” Damond got the job, and immediately implemented his plan, which included replacing a 30-year-old legacy ERP installation with a cloud-based system (within a year), hiring new talent (including a controller) and addressing that drag on the balance sheet as interest rates fortuitously plummeted. “We saw a lot of organizations were actually doing buyouts [of defined benefits pension plans],” Damond says while detailing the mechanics of his change plan. “It was something that we had to jump on right away, and we took that opportunity to offer buyouts to all of our people who were already retired.” The move saved the organization $20 million, adds Damond who also shares his take on cashflow analytics, fundraising KPIs, how he managed through COVID and the AI solutions that his finance group is considering investing in.

When does a mission-driven CFO initiate a crucial turnaround of an erstwhile nonprofit that’s been losing money for years and has a legacy pension plan dragging down its balance sheet? Before he’s even been offered the job. At least that’s how you take care of business if you’re March of Dimes Senior Vice President and CFO Dave Damond. “I came in with a change management plan,” reveals the former KPMG auditor, who was a finance executive with American Red Cross before launching himself into his current role in 2018. “In fact, when I was interviewing, they showed me what the current table of organization looked like. And I said, ‘Yeah, that’s wrong – here’s what it should look like.” Damond got the job, and immediately implemented his plan, which included replacing a 30-year-old legacy ERP installation with a cloud-based system (within a year), hiring new talent (including a controller) and addressing that drag on the balance sheet as interest rates fortuitously plummeted. “We saw a lot of organizations were actually doing buyouts [of defined benefits pension plans],” Damond says while detailing the mechanics of his change plan. “It was something that we had to jump on right away, and we took that opportunity to offer buyouts to all of our people who were already retired.” The move saved the organization $20 million, adds Damond who also shares his take on cashflow analytics, fundraising KPIs, how he managed through COVID and the AI solutions that his finance group is considering investing in.