Pierre Bruneel

💶 𝗩𝗖 𝘅 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝘅 𝗖𝗙𝗢𝘀 Last week, we co-hosted a CFO breakfast with France Digitale on "Why has procurement become a crucial topic for CFOs seeking to raise funds from VCs?" Here are the 3 key takeaways from the event: 1️⃣ 𝗘𝗻𝗱 𝗼𝗳 𝘁𝗵𝗲 "𝗙𝗿𝗲𝗲 𝗠𝗼𝗻𝗲𝘆 𝗘𝗿𝗮": SaaS company valuations have reverted to pre-Covid levels and series C, D, E investors have decreased, changing the funding dynamics. Investors are now prioritizing companies with a clear path to profitability to mitigate risks. 2️⃣ 𝗔 𝗺𝗼𝗿𝗲 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗿𝗼𝗹𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗖𝗙𝗢: The CFO is pivotal in managing the data room, overseeing finances, and controlling the business model. Mastering cash flow indicators like burn rate, implementing real-time KPI tracking and reporting has become essential. The CFO must adopt a strategic stance from the start, selecting the right investors and asking the right questions to optimize funding. 3️⃣ 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗶𝗻𝗴 𝗽𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: Many financial problems originate in the procurement department. Implementing the right tool to effectively manage procurement, giving the right level of visibility and control while enhancing teams to promote adoption has become essential. 👉 Want to participate to our next events? Register here: https://lnkd.in/dxfexJbi Romain Libeau, Victor Cuxart, Margaux Flamant, Clément Gobet, Eric Olombel, Antoine Loudenot, Augustin Monnoyeur, CFA, Anne-Sophie Marquet, Baptiste Dupont, César Caulliez, Maxime Detony, Nicolas Pillet, Nicolas Ducharme, Ismail El khalloufi

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Leader's challenge: Developing the EQ of Leader and Managers 😉 ! Everyone knows the secrets of emotional intelligence for achieving virtuous things in workplace among others. But it's easier said than done.  "Emotional intelligence can be applied to recruitment processes, succession planning, personal development and coaching for managers and business leaders". Your Thoughts 😊 ? Thanks harvard business review and Dr. Christophe Haag for theses relevant reminders #EI #leadership #coaching #mentoring #selfawareness

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#hr #workbalance Translation… Enjoy this short video and... Say "No" to presenteeism! 💡 I recently spoke with an employee who felt proud to finish his working day late at night. In France, this attitude is often perceived as a sign of dedication and responsibility. But is this really the case? 🤔 Presenteeism, the tendency to stay in the office beyond normal hours, even when productivity is at half-mast, is a scourge on our businesses and our personal lives. It generates stress, anxiety and fatigue, and harms our mental and physical health. 🌧️ So, how can we combat this phenomenon and promote a healthier company culture? Here are a few tips: 1.⏰: To allow everyone to work when they are most productive. 2.🏡: Offer the possibility of working remotely for a better work/life balance. 3.🏆: Reward results rather than hours spent in the office. 4.🌟: Implement policies that respect employees' life balance. Some concrete data to support these ideas: ➡ In France, according to a study by the Observatory of Life at Work, 55% of employees believe that working overtime is perceived as proof of investment. ➡ However, 78% of employees admit that their productivity decreases after 8 hours of work per day. ➡ In addition, an OpinionWay survey reveals that 61% of employees prefer flexible working hours and teleworking, which shows a clear trend towards more balanced and efficient ways of working. These figures show that presenteeism does not necessarily equal efficiency and that more flexible practices can bring better results. 📣 Join the conversation and share your opinions and/or experiences in the comments.  🚀 Share this post to raise awareness about the dangers of presenteeism.   💪 Together, let's build work environments where everyone feels at home.

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Interesting opportunity in Market Risk in Paris (XVA scope) 🇨🇵 We are having fun coding a small script that can scroll job opportunities and match them with a glossary of acronyms to get out a list of "definitions" 😋 Here is the output for this one 😇 𝗙𝗥𝗧𝗕 = 𝗙𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹 𝗥𝗲𝘃𝗶𝗲𝘄 𝗼𝗳 𝘁𝗵𝗲 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗕𝗼𝗼𝗸 The FRTB is a comprehensive suite of capital rules developed by the Basel Committee on Banking Supervision (BCBS) as part of Basel III, intended to be applied to banks’ wholesale trading activities for a new market-risk related capital requirement for banks. 𝗣&𝗟 = 𝗣𝗿𝗼𝗳𝗶𝘁𝘀 𝗮𝗻𝗱 𝗟𝗼𝘀𝘀𝗲𝘀 It is basically the money you earn or lose everyday on a portfolio. 𝗩𝗮𝗥 = 𝗩𝗮𝗹𝘂𝗲 𝗮𝘁 𝗥𝗶𝘀𝗸 VaR is a statistical measure of the riskiness of financial entities or portfolios of assets. It is defined as the maximum dollar amount expected to be lost over a given time horizon, at a pre-defined confidence level. 𝗫𝗩𝗔 = 𝗫-𝗩𝗮𝗹𝘂𝗲 𝗔𝗱𝗷𝘂𝘀𝘁𝗺𝗲𝗻𝘁 It is a collective term that covers the different types of valuation adjustments relating to derivative contracts. The adjustments are made to account for the account funding, credit risk, and capital costs.

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‘Everything Is Not Going to Be OK’ in Private Equity, Apollo’s Co-President Scott Kleinman Says : Fewer realizations and lower returns are on the horizon : private equity industry must face up to the reality of lower valuations : SuperReturn conference in Berlin “I’m here to tell you everything is not going to be ok” Funds are now holding on to these companies and will eventually have to refinance at higher rates : means “fewer realizations and lower returns” are on the horizon in the industry : dealmaking is poised to accelerate this year as buyout and private credit funds face pressure to return money to their investors : Apollo is one of the world’s largest alternative asset managers, investing across credit, equity and real estate : ended last year with $651 billion of assets under management, is targeting $1 trillion by 2026 

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We are in the age of self-service so having French patients declare on their own the sick leaves of a maximum 7 days makes total sense. After all, the Brits did it and survived :) The cost-benefit if just 10% of the 68 mil. French take just one such leave per year, counting 5 minutes to operate this in a system: more than 1/2 mil. hours of low-value-added work of the medical professionals saved. At the minimum SMIC of 11.65 EUR/hr, we're talking almost 6 mil. EUR/yr. A drop in a a bucket or a smart move? #rh #hr #cristinamihai https://lnkd.in/ezxXBs25

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#ArianeWorks and MaiaSpace awarded by Paris Innovation directors club and Sorbonne school of management. What an honnor. 5 years ago we started #Arianeworks with the willingness to reinvent how launchers are developped in Europe. We tried to built an hybrid structure, firstly #Arianeworks then MaiaSpace, mixing the excellences of Legacy Space and the agility of NewSpace. My 12 #Arianeworks friends and I started with a white page in february 2019 with lot of energy and doubts. 5 years after, we are 150 people at MaiaSpace developing a semi-reusable launcher. What a journey... Actually I have been very lucky to be at the right moment at the right place. It happens once or twice in a carreer. A special thanks to our servant great leader Jerome VILA✨ that asked me in early 2020 to build the business strategy of a small reusable launcher derived from Prometheus engine and Themis demonstrator. A big thanks to my two my teammates Xavier Wittlin and Léonard Pineau who built the fondations of the story with me. These are the steps we (#Arianeworks & MaiaSpace) went through: 1- We built the new development method (Agile, "safe" like) and culture #Arianeworks, piloted by our Agile Master #GillesGalceran. 2- We developped the business strategy aligning market needs, the launch system solution, industrial and institutional policies and our ambition to develop the most sustainable space mobility solution. 3- We convinced our stakeholders and built the company with Arianeworkers and best in class rocket engineers of our network. 4- We scaled the company keeping our culture of agility. Tough one.... 😅 We are still on it. In parallele we secured investments. 5- The next challenge, the biggest for all launcher companies: Deliver & operate a reusable launcher. We will do our best. Finally, we are very lucky to have Yohann Leroy as CEO @ MaiaSpace 🚀. He embraced our culture and raised the project to another dimension 👏.

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Une solution à explorer absolument !

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🇫🇷🇺🇸[FREE WEBINAR IN FRENCH - CITIZENSHIP / VISA] Explore the intricacies of obtaining the US Citizenship and its tax implications for French citizens, covering visa options, tax obligations, the naturalization process, renunciation procedures, and live Q&A sessions with experts. #webinar #free #citizenship #taxes #visa #french #frenchmorning Romain Poirot

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I just listened to an interesting Mozza podcast interview with Arthur Muller, co-founder and CPO of Explain. It was great to learn about how they're using generative AI to improve the way businesses interact with the public sector. I noticed quite a few similarities between Explain's approach and our own at Meero. A couple of key points that stood out to me: 1️⃣ The value of vertical AI applications. Like Explain, we believe that AI solutions tailored to the specific needs of users in a particular industry can deliver more relevant and impactful results. Focusing on a well-defined domain allows for a deeper understanding of the unique challenges and opportunities. 2️⃣ The importance of integrating with users' existing workflows. Many AI proofs-of-concept struggle to translate into production because they don't align with how people actually work. To be effective, AI tools need to fit seamlessly into users' daily routines. 3️⃣ Structuring teams for success in the age of AI. We've also found that embedding AI/ML talent within product & software teams, rather than siloing them in a separate research group, leads to better outcomes. This approach ensures that AI development is closely tied to the product and design process, while still allowing for longer-term explorations. It's always nice to see other companies taking a thoughtful, user-centric approach to building AI products. Looking forward to seeing what Explain does next. #AI #GenerativeAI #ProductManagement #Startups

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Banque de France Governor François Villeroy de Galhau on the size of European banks and financial institutions at the presentation yesterday of the annual report of Autorité de contrôle prudentiel et de résolution (ACPR) « There may have been the idea that size was a factor of risk, that size should be curtailed. I believe this is objectively an outdated approach. Size is a matter of competitiveness for European financial institutions. » « It is more than necessary today to leverage on the size of the european market, and bring our financial power to the level of our economic power and our savings capacity. » #Bankingunion #CMU #EUcompetitiveness

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Join our Director of Research & Risk, Jérôme OSTORERO, at the EiC Corporation's DeFi Masterclass. Catch Jerome as he speaks at the EiC Corporation's DeFi Masterclass on May 18, 2024, at 11 AM Paris time. This event, hosted via Google Meet, will delve into the transformative world of decentralized finance (DeFi). Take the chance to gain insights from leading DeFi experts and discover investment opportunities in this rapidly evolving sector. Ensure your participation in this insightful session by registering below. Engage with Jérôme OSTORERO and other industry leaders during a live Q&A session to deepen your understanding of DeFi.

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URGENT: put an end to France's problems. In order to put a rapid and radical end to the various problems that French society is experiencing (as described by Messrs. Jordan Bardella and Michel Houellebecq, CNews TNT TV, and numerous others), I suggest to the French Government (personally I am Franco-Lebanese) to expel to Rwanda (as did by UK) or elsewhere, within a maximum period of 3 months, all foreigners (without any exception) present irregularly or even regularly on French soil. This without any distinction of profession or diploma (doctors, engineers, researchers, pharmacists, professors, judges, magistrates, lawyers, pilots, writers, philosophers, intellectuals or pseudo-intellectuals, journalists, economists, investors, businessmen and women, mayors, deputies, ministers, local elected officials, civil servants, students, etc., newspaper sellers, kiosks, nightclub bouncers, security agents, law enforcement officers, police officers, gendarmes, soldiers, SNCF agents and the RATP, market gardeners, waiters in cafes and restaurants, farmers, nurses, midwives, supermarket staff, construction and public works staff, logistics agents at airports, day and night reception agents in hotels, subcontracting technicians in infrastructure, sweepers, home delivery men, building guards, mechanics, etc., prisoners, thugs, drug traffickers, criminals, etc.). Starting imperatively and obviously with those of Arab-Muslim origin. It will then be necessary to proceed, and without delay, to expel all French people of foreign origin for at least 4 generations, and systematically nationalize their property (of all kinds) in order to help the frensh minister of finances Mr Bruno Le Maire to fill the deficit budget of France and straighten out public finances. Urgent.

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SAVE THE DATE

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Exciting news from Evest! 🚗⚡☀️ (🇫🇷version française en commentaire👇) 🎉 We are thrilled to announce that our Quantic School of Business and Technology EMBA project, EVEST, is a semifinalist in the #QuanticMoonshot competition and we need YOUR 🫵support! 🔋 What is Evest? We introduce the first crowdfunded electric vehicle (EV) charging network that supports the 🇪🇺 European Green Deal initiative and provides passive income opportunities for investors through our unique token system. With tokens starting at just €10 and a secondary market, we offer unprecedented affordability and liquidity, allowing anyone to invest and earn monthly “royalties” from profitable operations of the charging stations. Our stations are combined with solar panels ☀️ and offer high yields. 💡In a nutshell: when you buy EVest tokens you invest in a town’s EV charger and get money from it 💶 🌱 Why vote for us? Innovative Solution: Our network directly addresses the growing demand for EV charging stations, especially in underserved areas, ensuring no community is left behind in the green transition. Community Empowerment: By allowing local communities to invest in our stations, we’re turning citizens into stakeholders in sustainable development. Proven Traction: We’ve already secured interest from a number of French towns and are in talks with others, showcasing the pressing need and enthusiasm for our solution. 👉 How can you help? Simple! Visit the EVEST pitch page and cast your vote for us. The more votes we get, the better our chances to win and expand our network! 3️⃣ You can vote three times per day from now on until Friday 19 April at midnight 🕛 🫵Your vote can propel us to the forefront of green innovation, making a significant difference in how communities across Europe transition to sustainable energy solutions. #EVest #GreenEnergy #SustainableInvesting #ElectricVehicles #Crowdfunding #Innovation #CommunityPower #VoteForChange https://lnkd.in/ev_EN7Y5

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👉 Join us to address the #Digital responsibility in the #CSRD and how this latest accelerates #Data management and enables corporate efficiency

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Are CFOs all the same? Is it possible to increase professional diversity and inclusion in the finance function   The corporate finance function is facing profound changes and new demands (business partner, value and customer orientation, digitalisation, sustainability, VUCA, ....). This implies a renewal of skills and perspectives on finance and therefore an increase in professional diversity within the finance function, understood as the variety of skills/competencies/experiences. But also the organisational capacity of the finance function to 'do something' with this diversity, i.e. to activate it to generate original decisions and practices through discussion and debate. However, it is clear that this inclusive capacity is in tension with the strong professional culture of the finance function. Financiers rely on skills and training specific to the function, which of course contribute to its professionalisation, but also to a certain internal standardisation. In a caricature, one could say that an accountant always looks a lot like another accountant. Furthermore, the finance function is an activity that lives under strong pressure from the "run" and from the constant search for efficiency in the context of a downward trend in staff numbers. This does not facilitate the expression of divergent and creative opinions. So how can we develop and activate professional diversity within the finance function? How can we avoid the standardisation of viewpoints within the function? I would be very interested to hear your ideas. To try and answer these two questions in a more formal way, a group of students and I have put together a simple questionnaire to assess professional diversity and inclusion within the finance function. We focus on a skills-and-experience approach to diversity, looking for competencies different from those classically found among the finance community but which will be necessary to address finance’s evolution. If you are a finance professional, would you be so kind as to complete it? It won't take more than a few minutes and would be a great help to us! If you could also forward it to other finance colleagues, that would be even better! #cfvg #escp https://lnkd.in/gFU9vbwv

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