Speaking on a panel focused on finance and accounting in the startup and technology sector, Hours explained how companies in the technology space could benefit from working with partners when it comes to money issues.
“For startups and small technology companies the focus is usually on building products, shipping products, and gaining a toehold in the market, and that’s smart,” he explained. “While it’s still critical to keep a close eye on finances and maintain good accounting standards, there is rarely enough money to hire a full finance and accounting team. Hence, it usually makes sense for startups to work with an outside partner on these issues so as to maintain the highest standards while deploying resources more effectively.”
Joining Hours on the panel were Bernard de Balmain, CEO of D2X Expertise, Bertrand Dufour of RSM, and Jérome Soleymieux, Director at Cojecom. The four engaged in both serious and more light-hearted discussion and took questions from the audience gathered in Lyon’s Cite Internationale Convention Center, too.
The Digital Summr event is one of the leading B2B forums in France and attracts more than 1000 entrepreneurs, startups, and technologists to Lyon in early summer each year. Cosmo Tech’s CFO was one of more than 50 invited speakers at Digital Summr in 2017 across four thematic streams: R&D & Technology, Human Resources & Training, Sales & Marketing, and Strategy & Finance.
Hours was recently interviewed for the Cosmo Tech blog series ‘Three Questions for…’ where he explained the daily experience of a CFO in a startup and spoke about his attraction to working in the technology sector – read his interview here.