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Pre-sales

How to sell to the CFO: what the finance chief wants to hear and how to prepare the meeting

By Luis Peixoto5 min read

The CFO approves the project that moves a number in the results, with a risk they can measure. Here is how to prepare the conversation with the company's public numbers and what to bring to the first meeting.

What changes in the conversation with the CFO

Selling to the CFO means translating your proposal into revenue, cost, margin, cash and risk. The finance chief judges the solution by what it changes in the company's numbers and how long the investment takes to pay back.

In sales to a large company, the CFO comes in at the start, when the project is big enough for them to decide, or at the end, when the buying team needs their approval. Either way, a rep who opens with a product presentation loses their attention within minutes.

Selling to the CFO means putting your proposal in the language of results: revenue, cost, margin, cash and risk In sales to a large company, the CFO shows up at two moments CFOs tend to be direct: they say what they need to see to approve

What the finance chief wants to hear

The CFO's questions repeat from one company to the next, so you can prepare an answer to each one before the meeting:

  1. What it costs in total, not just the license: implementation, integration, training and the team's time.
  2. How long it takes to pay back, and on what assumption.
  3. Which line of the P&L changes: revenue, cost, margin, working capital or risk.
  4. Whether the spend is booked as capex or as recurring opex, and how that affects this year's budget.
  5. What happens if the project fails, and what it costs to get out.
  6. Who else in the company has already validated the need.

The public numbers that prepare the conversation

Much of a large company's financial situation is public, and the CFO notices right away who read the numbers before the meeting. What you can read depends on the type of company.

Where to lookWhat you findWhat it says for the sale
Financial statements of listed companies (CVM, Brazil's securities regulator)Revenue, margin, debt, investment per yearWhether the company is growing, cutting costs or investing
Earnings release and conference callPriorities the leadership has declared for the yearThe topic the CFO is already defending in public
Published balance sheet of a private companyRevenue and profit, when the company is required to publish or chooses toIts real size and financial health
News and announcementsAcquisition, expansion, cuts, restructuringThe moment: growing, integrating or saving

From the number to a value hypothesis

After reading, link a company number to an effect of your solution. If margin fell two years in a row while revenue grew, the company earns less per sale and operating cost is on the agenda. If the company bought another one, integrating systems and processes will weigh on the budget.

A value hypothesis has three parts: the company's number, the likely effect of your solution and the assumption that connects them. The CFO will test the assumption, so it needs to be conservative and part of the conversation, outside the spreadsheet.

If you do not know how much your solution saves at that company, do not make up a figure: offer to build the estimate together, with their data.

Typical CFO objections and how to answer

Finance objections usually concern priority, timing and risk, and rarely the product.

ObjectionWhat is usually behind itHow to answer
We have no budget this yearThe project is not among the approved prioritiesTie the proposal to a priority already declared and ask when the next budget is decided
The return is not clearThe assumption was not convincingRedo the estimate with their data, using a conservative assumption
It is expensiveComparison with another solution or with doing nothingShow the cost of doing nothing and split the project into stages, each with its own deliverable
What if it does not work?Fear of owning a project that failsPropose a pilot with success criteria agreed in advance

Agenda for the first meeting with the CFO

This five-step agenda fits in the half hour a CFO usually gives you:

  1. Open with a financial fact about the company that they recognize, such as the priority stated in the last results or the announced acquisition.
  2. Ask how they see that point and what the company has already tried, and listen more than you talk.
  3. Present the value hypothesis in one sentence, with the assumption in plain view.
  4. Ask what they need to see to consider the project and which numbers they would use to measure the result.
  5. Close with a concrete next step: who on their team will help redo the estimate, and by what date.

Working with the person who takes you to the CFO

In most sales, the champion in the buying team is the one who takes the rep to the CFO, and they need material to defend the project when you are not in the room.

Prepare one page with the champion covering the problem, the expected effect, the assumption and the total cost. Ask whether the CFO usually decides by payback period, margin impact or risk, and rehearse the objections from the table together. See how to identify the champion in the article on the power map in sales.

In most sales, the rep reaches the CFO through someone else, the champion in the area that wants to buy Prepare one page with them covering the problem, the expected effect, the assumption and the total cost

How GoSeek helps prepare the conversation with the CFO

The GoSeek dossier gathers what the rep needs before talking to finance. Numbers brings the company's indicators, Momentum and Triggers show what changed there, and Demands and Opportunities point to where the offer fits. Objections and 1st meeting help build the agenda.

GoSeek builds the dossier in 7 to 15 minutes from the CNPJ, the Brazilian company tax ID, with 100 to 500 public sources, on screen and in PDF. The power map shows where the CFO sits in the decision and who can take you to them. For the technical conversation, read how to sell to the IT director; to organize your answers, see the sales battlecard. The prospecting maturity assessment, with 18 questions, shows whether your team already prepares meetings this way.

What comes out about the company

Indicators about the company Pains and priorities Complexity of the operation Technology stack Stakeholders and buying center Risks and objections Opportunities and what to offer Cadence and messages MEDDPICC hypothesis to validate Score 0 to 100, against the ICP

Indicators, risks and objections in the dossier prepare the conversation with finance

Frequently asked questions

What people ask about how to sell to the CFO

What does a CFO evaluate in a sales proposal?

Total cost, payback period, the line of the P&L that changes and the project's risk. Features only matter when they help explain one of those four points.

How do I talk about ROI with the CFO without making up numbers?

Show the assumption and build the estimate with the company's own data, together with their team. A conservative assumption in plain view convinces more than a big number with no explanation.

How do I answer a CFO who says there is no budget?

Ask which priorities already have budget and whether the proposal helps any of them. If it does not, agree on when the next budget is decided and what needs to be ready by then.

Luis Peixoto, founder of GoSeek
About the author Luis Peixoto

Founder of GoSeek. Specialist in market intelligence and consultative B2B sales for the enterprise market.

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