- CFO TALK - Evaluating Our Most Valuable Resource with Dave Bookbinder
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- Dave Bookbinder, a business valuation expert, author of the new ROI Return on Individuals and host of the Behind the Number show delivers an insightful message on how leaders can manage their talent as their most important asset, rather than the traditional method of treating talent as an expense. In fact, Dave argues our accounting methods in general do a poor job of capturing the true value of human capital. Watch Dave’s CFO Talk for more on evaluating our most valuable resource.
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Take Assessment Watch Video- The Trust Buster…..Lipotage!
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- Watching revitalized sports franchises fight their way back to championship caliber (examples, Red Sox 2004 and Cubs 2016) reminds me of some of the most enjoyable work experiences I have had in my life. Those experiences centered on working in groups or on teams that were striving to achieve a common goal where the individual success was always second to the success of the team or organization. The focus on a common goal and approach is so critical to the success in team sports that you can almost feel the personal commitment each of the players have to support other members of the team even when it impacts their own personal ability to be the “star” on a world stage. The trust that exists between each of the group members is so strong that no one would ever question that a team member would not deliver what they had committed to do. But then I asked myself why is it that so many teams and workgroups lose that ability to function as a high performing group? I then thought about teams that I had participated in that went from high performing to ones that stopped working together and could no longer trust the other team members to the point where it froze the ability and potential of that team. What was the one event or a number of small issues that changed the dynamics of those teams from high performing to not trusting others to accomplish the team goals? As trust broke down between the members, the commitment to the team took a backseat to the success of the individual. There must have been an event or behavior change that caused the team to lose the high level of commitment to the team. Then it hit me that it had to be LIPOTAGE!
- The State of Finance Transformation
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- As new business models evolve while whole industries develop and destruct in shorter and shorter time spans, the concept of finance transformation to help leaders chart the course of their future has sprung up.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
