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John Bonney
John Bonney is the Chief Financial Officer (CFO) at Harness, where he oversees the company's finance and accounting functions. Prior to joining Harness, Bonney held CFO positions at Mapbox and FinancialForce, where he oversaw rapid growth. At FinancialForce, he helped quadruple revenues to over $100 million during his tenure. Before that, Bonney served as the Division CFO of the Cloud Business unit at SAP, managing over $1 billion in Cloud revenues across multiple business units, products, and geographies.3
Bonney's experience also includes a role as a senior finance executive at Ariba, where he helped drive rapid expansion and ultimately contributed to the company's sale to SAP for $4.3 billion.1
In his current role at Harness, Bonney's responsibilities have expanded to include overseeing not only finance and accounting but also IT and legal functions. This demonstrates his broad expertise in managing various aspects of a growing technology company.4
Earlier in his career, Bonney worked in financial planning and analysis at ServiceSource and as a Valuation Consultant/Auditor at Ernst & Young. He holds a Master's degree in Accounting and Finance from Wake Forest University.5
Bonney is known for his enthusiasm about Harness, citing the company's "amazing product, raving customers who keep expanding their use of Harness, huge market, and an incredibly experienced, focused executive team aligned on revenue" as key factors that attracted him to the role.1
As a finance leader, Bonney emphasizes the importance of closely monitoring business trends, especially during uncertain times. He focuses on tracking leading indicators, understanding customer adoption and usage patterns, and refining the company's operating cadence to ensure Harness can respond effectively to market changes.2
John Bonney's LinkedIn username is johnlouisbonney, as mentioned in the query.
Highlights
Cloud can be the Wild West of spending—massive, unpredictable costs, with little or no accountability. For many tech businesses, it’s the number two expense after people.
Yet when it comes to managing #cloudcosts, often no one is at the helm. Nobody would run a company without an HR department, yet a comparable expense is often going unmanaged.
As a CFO, I’ve seen many companies wrestle with this challenge — some successfully; others not. Ultimately, I think the finance department is in a strong position to tame the beast.
Here’s my article in Entrepreneur Media breaking down how cloud costs became such a big problem — and how CFOs can help rein them in: https://bit.ly/3sxOUcE
Some keys to successfully managing cloud costs:
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Share with employees the true magnitude of the cloud spending and sell teams on the benefits of lower costs.
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Stand up a dedicated #FinOps team that creates a process and framework for managing cloud costs.
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Use automated tools to gain visibility into cloud spend in real-time, flag overruns, automatically optimize where resources are allocated, and even offer suggestions for economizing spend.
Read more in the full article and let me know your thoughts.
#cloudcostmanagement #cloudoptimization
