There are some common CFO 'Types' defined by McKinsey, which have been in use for a while now. The reality is that the role has changed fundamentally, driven by business priorities and speed of change. So we've taken a fresh look at discovering what type of CFO you are, not just in terms of your priorities but how you make decisions, priority setting, innovation adoption and management style.
The CFO entering a new role is faced with a host of challenges, it can be a roller coaster of learning. So it can be tough to work out what to tackle first and how to work out what makes it into your plan for year one.
We help you to work out what make the biggest impact on how well you perform in your new role, and where to focus your efforts to get the biggest returns, in this 90 day plan.
Finance is firmly in the driving seat when it comes to informing and making decisions. When a company is growing fast, it needs good solid information with intelligent insight to inform company decisions. Gone are the days when the whim of a CEO, or board bias drives direction and strategy. So lets look at what makes a great analysis team and how to get there.
When it comes to getting real benefit from any system, software is only half the story, the other half is delivery. When choosing the right bit of kit to invest in, comparing functionality, reviews and reports all help in the decision making process. But what of the team that build and implement the software? Here are our 5 tips to guide you through getting the perfect delivery.
We all want more confidence in our ability to do our jobs. We'll go through years of education and professional training to develop more of this. But what if it's the tools of our trade which can genuinely make a difference to how we perform. This story is about Anthony. He built confidence throughout the business in the numbers, decision making, and his ability in the role, we ask if investment in new finance tools made the difference?
This blog post will look at what good financial analysis looks like. seasoned finance people know the value of good analysis, but there is so much which gets in the way of being able to do this well, so here are some steps to take to ensure you get the most out of analysis.
Judgment on how the business is performing is based on a whole heap of parameters. sales, operational and specific KPI's rnd financial data, as well as confidence and other less tangible information. Financial decisions, such as securing loans, acquiring new assets, or issuing stocks and bonds, flow from good analysis, so its not surprising that emphasis on this skill is high, and growing.
Speed is of the essence when it comes to decision making. What drives this is good information and processes.
So from start line finish how long does this process of decision making take in your organisation?
Winning a drag race is about engine power and transmitting that into grip on the road, as well as a good driver to steer the course. In the decision making process the power is in the information to drive the decision, transmission is about getting insights and reports out to all the relevant stakeholders and the driver is you, the CFO who steers the course by providing good analysis and insight.
Time on your hands? It is a fact that few of us have time on our hands these days. In the finance function this is truer than most.
As the dust settles on the hiatus of the year end and January month end thoughts turn to projects, and getting things underway before the summer holidays kick in.
However your road map, can be mown down by the Juggernaut of business demands which hit your best laid plans, by tying up your team, time and energy. So here are a few arguments for putting finance improvement first which the business will want to listen to.
We work with organisations both large and small from many different sectors, they start their journey with a common desire to take their planning capability up a gear.
Can old systems cost you valuable talent? - lets face it days spent manipulating chunks of data and making sure all the numbers still add up is no-ones idea of a good time.
Today one of the biggest challenges for companies is finding, attracting and retaining talent. Once you have it, the cost of new people being trained as well as the time it takes to bed them in can all impact a business. So why do we waste this talent doing repetitive, mundane and uninspiring drudge work on old systems which don't do the job anywhere as well as the new breed solutions.