How the Golden State Warriors Also Build Success Off the Court
Posted by Kendall Fisher, Executive Producer and Host of The NetSuite Podcast
Today, the Golden State Warriors are so dominant in the NBA itâ€™s easy to forget they werenâ€™t always this good. Back in 2013, the franchise was struggling to find success on and off the court. They hadnâ€™t won a championship in 38 years, and they hadnâ€™t secured the necessary tools to help the business side of the organization scale and succeed.
On this episode of â€œThe NetSuite Podcast,â€� we sat down with Chief Financial Officer of the Golden State Warriors, Jennifer Cabalquinto, who came on in 2013 to assist with some wins in the back office while the team was busy earning a championship title. Cabalquinto discusses how the organization has grown since her indoctrination as CFO five years ago and how sheâ€™s helped lead the finance team through an unprecedented business growth and a complete system revamp in relatively a short period of time.
Cabalquinto stresses that an important factor to the Warriorsâ€™ overall successâ€”on and off the courtâ€”is having a business management system that allows for scaling, transparency and integration. Once the Warriors partnered with NetSuite, the organization implemented financial modules that allowed them to spend more time analyzing funding and day-to-day operationsâ€”all of which has proven to be tremendously useful as the team builds out a 100% privately funded stadium.
â€œNetSuite has the ability to handle all the streams, all the billing cycles, and all the different revenue recognition rules,â€� Cabalquinto explains. â€œ[That extra time we get] we can now put into analysis.â€�