Ep070: How CyberArk Scaled SaaS Transformation: Insights from CyberArk’s SVP Corporate Finance Nili Serr-Reuven

This illuminating conversation with CyberArk's SVP of Finance, Nili Serr-Reuven, reveals how the 25-year-old cybersecurity leader successfully transformed from a traditional software company to a SaaS business model in just five quarters - far faster than the industry standard of 2-2.5 years - while maintaining strong margins and customer trust throughout the transition.Topics Include:Introduction to SaaS transformation challenges and opportunities.Tomaz Perc introduces Nili Serr Reuven from CyberArk.Overview of CyberArk's 25-year history and milestones.Transition from a perpetual model to SaaS.CyberArk's accelerated transformation in just five quarters.Challenges of shifting from product-centric to customer-centric.Importance of market research and peer consultations.Key role of cross-functional collaboration in success.Explanation of "swallowing the fish" in SaaS.Managing short-term revenue drops during SaaS transformation.CyberArk's 70% SaaS revenue share post-transformation.Impact of global economic challenges on business strategy.CyberArk's robust demand for identity security solutions.Strategic leadership's role in transformation execution.CyberArk's disciplined financial planning during uncertainty.Establishing KPIs like ARR and customer satisfaction.Managing rising cloud costs with FinOps practices.CyberArk's approach to pricing and packaging SaaS solutions.Leveraging acquisitions to speed up SaaS capabilities.Impact of transformation on CyberArk's finance department.Evolution of finance roles to support SaaS growth.Communication with investors during transformative periods.The importance of cultural shifts in transformation success.Continuous learning, transparency, and collaboration as cornerstones.Advice for future SaaS leaders: plan, communicate, adapt.Participants:Nili Serr Reuven – SVP Corporate Finance, CyberArkTomaz Perc – SaaS Business Lead, Amazon Web ServicesSee how Amazon Web Services gives you the freedom to migrate, innovate, and scale your software company at https://aws.amazon.com/isv/

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