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The CFO Agenda: Packer Fastener’s Brian Hogeland

The CFO Agenda: Packer Fastener’s Brian Hogeland

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 Learn more about NetSuite Analytics Warehouse: https://tinyurl.com/2pynh34j Tune in for the next installment of The CFO Agenda series featuring Brian Hogeland, CFO of Packer Fastener, a distributor of fasteners and industrial supplies. Brian and cohost Ian McCue kicks off the podcast episode by discussing Brian’s background and what brought him to the CFO role [2:06]. They then delve into the biggest challenges Packer Fastener has faced as it has grown [11:07] and its use of NetSuite [16:09]. They discuss talent and the workforce and how automation is playing a role in the future of finance and accounting [23:40]. Brian and Ian conclude the episode by discussing CFO priorities for 2025, including incorporating AI [30:47]. --------------------------------------------------------------- Episode Transcript: 00;00;04;10 - 00;00;34;10 Unknown Hey, listeners. Welcome to the NetSuite podcast. I'm Megan O'Brien, co-host of the podcast. And today we're continuing our CFO agenda series with Brian Hogland. Brian is the CFO of Packer Fastener, a rapidly growing distributor of nuts, bolts and other industrial supplies. Brian sits down with NetSuite Podcast co-host Ian McCue and walks him through his background and how roles across finance and technology prepared him for the C-suite. 00;00;34;13 - 00;01;01;01 Unknown He then explains how Packer Fastener has grown beyond its roots as a regional distributor, despite supply chain and inflationary challenges, as well as the specific framework its use to drive the business forward. The CFO explains how NetSuite helped the company manage its growing operations, which includes actively sourcing 30,000 items and specifically the value it's gained from NetSuite Analytics Warehouse. 00;01;01;04 - 00;01;32;08 Unknown With new technologies demonstrating potential to reshape the work of the finance team. Brian shares what skills he thinks will remain critical for finance professionals. He also offers perspective on what he looks for when he's hiring and how leaders can attract top finance talent. Brian then sheds light on Packer Fasteners’ ambitious plans for 2025. He walks through potential challenges, technology initiatives, and how he's preparing his team to leverage new AI tools. 00;01;32;11 - 00;01;39;29 Unknown Stay tuned, because all of that and more is coming momentarily. 00;01;40;02 - 00;02;06;19 Unknown You're listening to the NetSuite podcast, where we discuss what's happening within NetSuite, why we're doing it, and where we're heading in the future. We'll dive into the details about the software and the people in next week who are behind all the moving parts. We'll also feature customer growth stories discussing the ups and downs of running a company, and how one integrated system can help your business continue to scale. 00;02;06;21 - 00;02;27;16 Unknown So, Brian, let's start with a bit about your background and who you are. Was your plan always kind of to work in finance and hopefully become a CFO one day? It was. I graduated from college in the mid 90s, and the internet was this really cool thing that had just popped at the time. So I was graduating, graduating with a degree in accounting. 00;02;27;19 - 00;02;48;11 Unknown Really had been talking to a lot of CPA firms to come in and join them, but was really intrigued by this whole World Wide Web concept. I went into my library my last semester of college and actually bought tickets for the Grateful Dead. Actually sent in, like a money order back in the day. But, so it was this whole new, exciting environment. 00;02;48;14 - 00;03;11;02 Unknown And, so while I had the, obviously the discipline and the skills to understand finance was really intrigued by this technology part. So a couple of years after I started my career with Arthur Andersen, I moved over into a technology consulting role and really just really had a lot of fun with that, embraced it. And spent probably the next ten years of my career doing technology. 00;03;11;03 - 00;03;32;00 Unknown So it kind of went from being, you know, aspiring to maybe be a be like a CPA partner doing audits and tax work to maybe really hands on technology roles and, probably around 2010, I moved back into like a, typical finance role. So that's where I kind of started to do more of the progression, the typical financial leadership roles. 00;03;32;02 - 00;03;52;08 Unknown And I guess why? Why did you decide to go back into kind of the traditional finance accounting side after being more on the technology side for a while? Yeah. You know, the sort of there's an analytical aspect of all the financials. Right. So, that was intriguing. The company I had worked for at the time had just onboarded a significant, Oracle, actually, ERP solution. 00;03;52;11 - 00;04;09;29 Unknown And they were looking for somebody with a finance and technology background to kind of help ...

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