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John Bonney

John Bonney is a highly accomplished finance professional with an extensive background and experience in various leadership roles.

He holds a Masters in Accounting and Finance from Wake Forest University as well as a Master of Science degree from the same institution.

John has served as the Chief Financial Officer at Harness and also held the same position at Mapbox, showcasing his expertise in financial management and strategy.

Prior to these roles, he worked as an Advisory Chief Financial Officer for various clients, further demonstrating his versatility and ability to adapt to different organizational needs.

His career includes significant positions such as Chief Financial Officer at Financialforce.com, Global Vice President of Finance and Division Chief Financial Officer at SAP Cloud at SAP, Vice President of Finance at Ariba, and Senior Director of Financial Planning and Analysis at Ariba.

John Bonney's early career involved roles such as Director of Financial Planning and Analysis at Servicesource and Senior Valuation Consultant and Senior Auditor in the Technology Practice at EY, highlighting his diverse experience across different sectors within the finance industry.

Highlights

Aug 28 · linkedin

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:

  • Share with employees the true magnitude of the cloud spending and sell teams on the benefits of lower costs.

  • Stand up a dedicated #FinOps team that creates a process and framework for managing cloud costs.

  • 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

John Bonney
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Location

San Francisco Bay Area