Maud LaRochette (N-SIDE): “Finance has an impact” – Companies

The first CFO, as well as HRD and even CEO for a moment, Maud LaRochette supported the important development of N-SIDE.

With two master’s degrees in his pocket: management at the Clermont-Ferrand School of Business and geopolitics at the University of California, Maud LaRochet made his first foray into the job market in September 2007. She is an auditor at Deloitte. Then we will find him business controller at Voo, then at Fedex, where she spent almost five years and became financial manager. She arrived in March 2017 at N-SIDE, a large-scale project that combines applied mathematics and software technology for the pharmaceutical and energy sectors.

The functions of CFO and HRD are interrelated and complementary, especially in a company where 80% of costs are salary costs.

“In this company, populated mostly by engineers, my management profile could bring something,” she explains. I was tempted by the very goal of the company, which responds to the lack of resources and sustainability we live in today. ” Using artificial intelligence, solutions developed by N-SIDE avoid waste by reducing the amount of drugs needed for clinical trials by 20-60%.

Maud LaRochet thus became its first CFO. “When I came, the staff didn’t know what a CFO was. They were a little skeptical. Everything had to be reworked, from A to Z. I didn’t have a team. I started by setting up resource planning software and making sure the numbers reflected who we were. I have also been audited since the first year, without any obligation to do so. ”

Today, Maud LaRochet is no longer just a CFO. She also heads the P&BO department, people and business organization, which has 15 employees specializing in legal, financial and human spheres. For her, it is impossible to really choose between the functions of CFO and HR director: “These two are related and complementary, especially in a company where 80% of costs are salary costs.”

She even approved the CEO’s clothes at the end of last year intermediatetime to find a new boss for N-SIDE (now Arno Merle).

From 35 to 250 employees

Ever since Maude LaRochette was the finance department, and today, N-SIDE has undergone a profound transformation. “In March 2017, when I arrived, there were 35 of us. Today there are 200 of us, and by the end of the year there will be about 250.” The turnover, which in 2017 amounted to 3.5 million euros, this year should reach 21 million.

This growth is accompanied by new ones business model. “We used to have a model close to the service: we launched our solutions and passed the results on to our customers. But for three years now, our customers have been using the applications posted on our site and entering their data there. We are entering the SaaS era ( software as a service). This transformation should allow us to focus more on selling licenses and get an attractive rating. ”

Another pride of Maud LaRochette: N-SIDE is the first Walloon company to receive the B Corp. This certification, received in the spring of 2020, underscores N-SIDE’s commitment to social and environmental requirements, governance and transparency. “A CFO is a person who should be trusted due to his constant good management. Finances have an impact, Maud LaRochette concludes. This requires great honesty and great transparency. Properly covered, it will withstand a great deal of adverse conditions. ”

With two master’s degrees in his pocket: management at the Clermont-Ferrand School of Business and geopolitics at the University of California, Maud LaRochet made his first foray into the job market in September 2007. She is an auditor at Deloitte. Then we find her business controller at Voo, then at Fedex, where she spent almost five years and became a financial manager. She arrived in March 2017 at N-SIDE, a large-scale project that combines applied mathematics and software technology for the pharmaceutical and energy sectors. “In this company, populated mostly by engineers, my management profile could bring something,” she explains. I was tempted by the very goal of the company, which responds to the problems of lack of resources and sustainability that we live in today. ” Using artificial intelligence, solutions developed by N-SIDE avoid waste by reducing the amount of drugs needed for clinical trials by 20-60%. Maud LaRochet thus became its first CFO. “When I came, the staff didn’t know what a CFO was. They were a little skeptical. Everything had to be reworked, from A to Z. I didn’t have a team. I started by setting up resource planning software and making sure the numbers reflected who we were. I have also been audited since the first year, without any obligation to do so. ” Today, Maud LaRochet is no longer just a CFO. She also manages the P&BO, staff and business organizations, which has 15 employees specializing in legal, financial and human resources. For her, it is impossible to really choose between the functions of CFO and HR director: “These two are related and complementary, especially in a company where 80% of costs are salary costs.” She even took on the role of interim CEO for a while, late last year, when she found a new head for N-SIDE (now Arno Merle). Ever since Maude LaRochette was the finance department, and today, N-SIDE has undergone a profound transformation. “In March 2017, when I arrived, there were 35 of us. Today there are 200 of us, and by the end of the year there will be about 250.” The turnover, which amounted to 3.5 million euros in 2017, should reach 21 million this year. This growth is accompanied by a new business model. “We used to have a model close to the service: we launched our solutions and passed the results on to our customers. But for three years now, our customers have been using the applications posted on our site and entering their data there. We are entering the era of SaaS (software as a service). This transformation should allow us to focus more on selling licenses and get an interesting assessment. ” Another pride of Maud LaRochette: N-SIDE is the first Walloon company to receive the B Corp. This certification, received in the spring of 2020, underscores N-SIDE’s commitment to social and environmental requirements, governance and transparency. “A CFO is a person who should be trusted due to his constant good management. Finances have an impact, Maud LaRochette concludes. This requires great honesty and great transparency. Properly covered, it will withstand a great deal of adverse conditions. ”

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