- Collaboration. Additional Horsepower to Our Finance Engines
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- Collaboration. I have always liked the word. More today, than ever before. It’s definition, “…working with individuals or groups to produce or create something.” sets the tone for what our businesses need today; creativity, innovation and productivity.
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Take Assessment Watch Video- Business partnering between Finance and Data management through driver-based modeling and data Lineage
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- Recently, I have encountered a lot of discussions within the FP&A community about business partnering. The challenge in such discussions is to move from the theoretical reasoning into practical execution. In this article I will highlight one area where cooperation between FP&A and Data management professionals can deliver mutually beneficial results.
- Four Effective Strategies to Speed Up Your Month-End Close
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- Faster financial reporting means executives have more immediate insight into their business, allowing them to act quicker. Unfortunately for many businesses, an understaffed or overburdened accounting team means the month-end close can drag on for days or weeks. Here are four effective strategies that will help you save time on month-end activities.
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
