What is CFO Genie?

CFO Genie, one of the various forums under the umbrella of CXO Genie LLP, is a network of CFOs who have come together with the common objective of solving any given problem within 15 minutes.

What is the purpose of the forum?

Besides the primary objective of solving real life problems being faced by CFOs, the other objective is networking with fellow CFO members in India as well as with members based in Middle East, South East Asia, Europe, USA, and East Africa. Nature of queries range from request for sharing contacts of experts, seek advice on financial/business aspects, to ask for recommendations of consultants, open jobs, candidates etc.

However, we do not allow sharing Forwards, Jokes, Images, Greetings & wishing on birthdays, anniversaries, on festivals, National holidays, political opinions, etc. This helps us maintain focus on providing solutions to problems on the forum. In case a member feels strongly about sharing any forward, the member must donate 200 points for each such share. Members are however, allowed to share their personal achievements on the group. Example: CFO award etc. We encourage members to congratulate or welcome members on a 1:1 basis only, thereby connecting with them on a personal level.

How does one become the member of the group?

This Forum is a closed group and is strictly on invite or referral basis. In case of referral, it has to be by the existing member who is personally known to the prospective member. The intention is to have like-minded people on the group, who are willing to either benefit from the group or contribute to it. The decision of providing membership to the group solely rests with the CXO Genie management team.

What are the qualification criteria for me to be eligible as a member of the forum?

Anyone who has served in the capacity of a CFO, in any tenure of his or her professional journey, is eligible to be a member. CFO role is not restricted to the type of company or industry. It can be a listed company or a start-up or a private limited.

Membership can be subscribed to as an individual or sponsored by your corporate/company depending upon the subscription plan you decide to choose.

How is CFO Genie different from any other CFO forums, online or offline?

We focus on solving real life problems in real time and thus structured differently in following areas:

  • By Invitation only, and limited to very accomplished and like-minded professionals
  • Closed group, with strict privacy adherence & very limited social presence
  • With the insight that CXOs don’t have time, every process is aligned to deliver best value for time
  • Solutions within 15 Minutes is supported and enabled by technology and real time connectivity
  • Professionally curated by very senior industry professionals, with relevant experience as CFOs
  • High quality of discussions that are free from spam, advertisement, forwards etc.
  • Option to choose a membership plan as per your preference (Individual/Corporate), Membership continues post retirement on a complimentary basis.
  • Built around 3 Pillars of High speed of solutioning, Highest quality & Cost-effectiveness.
  • Enabled by high degree of Technology leverage & Trust, serious about members’ data privacy

Is CFO Genie a paid platform or free?

In our endeavor to achieve new heights and to continue to be the go-to platform for all CFO related challenges, CFO Genie is based on subscription-based model through which we intend to cover all operational costs such as People cost (In-house team and App Developers, travel etc.) and Infrastructure cost (Licenses, trademarks, compliance, Servers, SQL, Office space, Website etc.).

To gauge and experience the value of this platform we do provide the advantage through a trial membership which gives you an opportunity to have the real-time solutions and networking on the CXO Genie App. As a trial member, you are also entitled to other benefits including event invitations, newsletters, webinars etc. Connect with other CFOs, learn, and solve any given query within 15 minutes on this peer-to peer networking platform.

What is the CXO Genie APP?

CXO Genie APP is a platform, that the forum uses to leverage the power of technology and enabling solutioning within 15 Mins (And by the way, we have built it with the belief that even Hiring a candidate should be a 15 Mins thing!) where queries are posted, information is shared, new members are added. CXO Genie APP is a very broad platform, and uses technology to streamline and organize the information, making the navigation completely effortless.

What are the benefits of using the CXO Genie APP?

While the App packs in a lot of technology, below is the high-level set of top features and benefits:

A. Real-time Solutions: This App is built to enable group conversations that can handle thousands of members simultaneously (Vs say, WhatsApp that can handle only 256 members), and enable solution for any given problem with 15 minutes by leveraging more than 15000 years of relevant cumulative experience. There is full traceability and history maintained for the solutions given.

B. Members’ Directory: With built-in phone numbers, mail IDs, ability to call, e-mail other members etc. now reaching any other CFO in the country is at your fingertips. Ability to filter is unique.

C. Talent Solutions: Access talent, apply filters, shortlist candidates, all at no additional charges. Whenever any member posts an open role on the platform, the App can automatically shortlists top 3 relevant candidates. With full access to mail IDs, phone numbers and resumes built into the platform, you will also receive an email with candidates’ details. The automated feature on the App gives you easy and hassle–free experience of hiring the best talent for the job within 15 minutes.

D. Pre-referred Candidates: CXO Genie is the only platform globally to have 100% of the candidates being pre-referred by other CFOs. During the hiring process you can reach out to the referrer and get feedback.

E. Access to Historical Solutions: When you join the App, you can access all historical discussions unlike WhatsApp where only future conversations are accessible.

F. Micro-learning Platform: The App serves as a micro-learning platform for CFOs across the spectrum with every new query or challenge posted by one CFO while being solved by others.

G. Cross Forum Expertise: Often as a functional Head you may have a query relating to another function. With this new and easy-to-use feature post such cross functional queries to other CXO Genie forums and get them resolved in the quickest possible manner. For example, a CFO member can tag and post his query related to HR on CFO Forum directly. Our automated feature will pick your query, share it on HR Forum, and provide you with all the responses from the HR Forum members, all on a real-time basis.

How do I refer members to the forum?

In case, you would like to introduce a friend/ ex-colleague/ peer/ family, who fits the criteria, please send a mail/ message on WhatsApp to our team or the Forum Anchor (Once you have spoken to the proposed member). Please include Name, Designation, Company and Mobile number of your reference. We will then help onboard the person, giving them details of the group and features etc.

Since the membership to the forum is by Invite only (or by referral), we encourage members to refer other great CFOs they meet. To reward this, a separate referral program is in place.

When and where does the group meet?

There are multiple events where members meet through in-person and virtual meets. Browse through our signature events below:
• Mastermind Series: We organize this annual event at various locations in India and internationally including Delhi/NCR, Mumbai, Bengaluru, Singapore, and Dubai. This summit brings together CXOs from different disciplines to share their ideas and expertise.
• Rejuvenate Series: This event unites our members and their families from across regions to network in a fun-filled and relaxed environment at an exquisite location.
• MasterConnect Series: These are monthly forum specific roundtables and informal get-togethers, arranged in Chennai, Hyderabad, Kolkata, Pune etc. to engage all our members residing at different locations.
• Virtual MasterConnects: As the COVID 19 situation engulfed us all, we kept our members connected through virtual meets. In these forum specific, monthly get-togethers, members discuss challenges and strategies related to their functional roles.
• Ignite Series: In this series, we host motivational and iconic speakers who share their insights on topical issues and inspire the audience to take meaningful action in the right direction.
• MasterClass Series: It is a series of weekly webinars by industry experts on the most discussed topics across forums on the CXO Genie platform.

How do I get updates of CXO Genie events for registration?

Members can join events by simply registering through “Events Calendar” on the App. Find a complete list of upcoming events’ schedule and their registration details in this section. You can also visit us at LinkedIn/Facebook for regular updates on events.

How does one pay by points for the group’s networking events?

There are no charges for subscribed members. However, for non-subscribed members, the annual events are on cost sharing basis. At the time of the event, you may use the points that you have accumulated to pay for the same. Each point is worth INR 10/-. Other modes of payment are NEFT, Cheque, Cash, Paytm etc. Option of payment by credit card is also available via an online link.

I know a great candidate looking for a suitable role, how do I refer him/her to the forum?

Refer a candidate on App: You can simply generate a link and send to the candidate, by pressing “+” button in the “Candidates” section of the App. This link can be shared via your preferred mode of communication (email, WhatsApp, SMS, etc.).

• Once your referred candidate has uploaded her/his details, the App has the ability to suggest top 3 most suitable jobs from available vacancies. You can then speak to the CFO who has posted the role and connect the candidate to her/him.

• The validity of a candidate’s profile is for 6 months from date of posting. Post which, the referrer shall get a notification, asking whether to close the candidature or continue maintaining the same online.

• Alternatively, you can send the below link to the candidate you want to refer. The candidate can fill the basic information, following which his details will be visible to all other CFOs for suitable job openings.
http://bit.ly/2twbYtN

Where do I refer to list of available candidates when I have a vacancy at my organization?

If you have a vacancy in your team you can view a comprehensive list of candidates on the App who are looking
for a suitable opportunity, recommended by fellow CFO members. When you click on any particular name in
the list, you will be able to see a snapshot of the individual’s career path. The App also provides an access to
their LinkedIn profile, as well as their uploaded resume for detailed information.

How do we contact candidates from the referral list?

You can contact the suitable candidate directly via email or phone number available in the App. Do give them the name of the referrer, as it appears in the database. You may also reach out to the referrer for recommendations/ feedback.

What is the process for senior finance roles / CFO roles?

Any senior role (CTC > INR 60 Lakhs) is to be posted in the Senior Finance role tab on the CXO Genie App. In this case, the referring member is expected to provide the contact details (Name, Email and phone number) for the respective role to Group Admin and the referring member is awarded 100 points. The member seeking the role gets details from Admin and can call the relevant contact by referring the name of the member who provided the contact details. However, access to this facility is available only to members with annual subscription

I have an open position to be filled, how do I post the job on the forum?

For Members using the App:

The Jobs tab on the CXO Genie App, (all vacancies with CTC < INR 60 Lakhs).

I. If you want to post a job, click on the ‘+’ sign, which will then open a form for you to fill in the details. Once you are done with filling the form, you can view the same on the App. Basis the information shared by you, the App matches key criteria to suggest top 3 candidates suitable to this vacancy, which can be viewed right next to the job details.

II. Suggested candidates are automatically firmed up. You can still click on refer tab, if you want to suggest your candidate from the database.
The job posted is valid for 3 months, post which you will get a notification, asking whether you would like to close the vacancy online or continue maintaining it for next 3 months.
There are no restrictions in broadcasting the job details on the WhatsApp forum and seek CVs 1:1. However, the database of Candidates is available only to members using the Mobile App as this is now an automated process.

However, for members not using the App, they can use the below link to post the job: http://bit.ly/2EsNVOr

How does the point system work?

We have a zero-sum game. People posting queries or asking for vendor details 40 points are deducted. The 30 points are distributed, among those who respond, while the admin gets 10 points for every query solved for managing the group operations.

– For posting openings of CFOs or Senior Finance positions with CTC >60 Lacs, 100 points each are awarded to the referring member.
– For sharing CVs/posting jobs, 10 points each are awarded.
– Minimum points per query is 40 points. The Admin takes care of the point system, which is an automated process on the App.

For example: If a member asks for consultant reference, who provides services in tax registration in various states, 40 points are deducted from the member asking the query, 10 points are added to Admin’s kitty, remaining 30 points are distributed amongst members who respond. For more complex queries the points are higher.

Can I promote my firm and its services on the platform?

We do not encourage using the platform for marketing or commercial purposes, unless any member query is specifically related to services provided by your Company. In any case, if you do wish to advertise (only for the company you work for), then we allow the same on donation of 200 points to admin’s kitty.

Can we solicit company information from members, for survey or another other such initiatives?

Members enjoy the freedom to initiate & drive discussions. However, we strongly recommend, not to seek confidential company information or share on the forum. CFO Genie members/ admin does not take the onus of maintaining non-disclosure of the same.

What is the SPF Challenge? How do I register for it?

In early 2017, a couple of our members suffered sudden personal tragedies, in the form of loss of a loved one. Post which they were running pillar to post, to get the transfer of title and other legal and financial procedures in order. They reached out to CFO Genie, and our members went beyond their professional capacity to accommodate for our fellow members in these times of crises. Following this incident, we set up a SPF (Secure & Protect your Family) Challenge, to coax our members to record their legal and financial details and share with their family. We provided them with guidance on how to go about it, as well as a support team was set in place to which one could reach out for advice or ask their queries with respect to how to write a WILL, is the family adequately covered financially and other aspects.

This is a support initiative where one can register at any given point in time. Most importantly we do not solicit or hold in our custody any of your personal legal and/or financial details.

What are the other forums / initiatives of CXO Genie?

The various other forums include Chief HR Officers (CHRO Genie), Chief Supply Chain officers and Chief Operating Officers (CSCO Genie), Chief Marketing Officers (CMO Genie), and Founders Genie for entrepreneurs. All these forums are anchored by Industry Veterans in their specific fields. CXO Genie also runs its own UGC certified MBA program, Member emergency support program etc. Other initiatives are:

CXO Genie Acts-COVID-19: As the Corona virus impacted the world, we initiated this exclusive cross-functional forum to overcome COVID-19 challenges. On this forum, members discuss various COVID-19 combat strategies and support each other in professional and personal capacities.

Saarthi Program: Our Founders Genie Forum has launched this new program where CXO Genie members can be a Mentor to the founders to guide them in their start-up journey. To know more about this initiative, connect with Harsh at harsh.sharma@cxogenie.com

What is the MBA program being supported by CFO Genie?

CFO Genie has launched MBA Finance, in collaboration with Chitkara University (Chandigarh), with efforts being spearheaded by one of our members Aman Chugh. The Curriculum for this MBA has been exclusively conceptualized largely by CFOs on this group. The Program provides specialization in Investment Banking, Corporate Finance and Treasury Management, encompassing close to 24 subjects to be taught in a rigorous training schedule of 8 months (Jan’20 to Aug’20). It is an effort of like-minded individuals to give back to the society in the form of education and mentorship.

CFO Genie members can volunteer to be a part of this program, either as an advisor on the Subject Matter Experts Committee (SMEC), or as a mentor on the specialization-based Training Mentors Committee (TMC) or both.

If interested and for further detailed information, please reach out to Swati at swati.saxena@cxogenie.com

How can I help and support this professional forum?

The best way we can support the forum is by active participation. Also, the forum is not available publicly and we do not solicit memberships or advertise, the forum has grown only with word of mouth from the existing members. We would therefore highly encourage the members to continue to refer great CFOs and open CFO roles back into the platform.

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