- Why Should M&A and Private Equity Matter to You? More on Breakfast with PitchBook.
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- Last week I summarized a presentation PitchBook analysts made at a Portland business event, Breakfast with PitchBook – Recap of 2019 and Predictions for 2020. Since then a number of members from our community have asked me how they should use this information as finance leaders at their company. Here is a condensed version of my responses to them.
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Take Assessment Watch Video- Reducing IT Risk: The CFO’s Plan for Quick Recovery from Disaster
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- At the beginning of the year, we covered the creation of a Business Continuity Plan which prevents most issues from becoming disasters. But what if a disaster exceeds your capacity for immediate remediation? That is when your Disaster Recovery Plan is invaluable – to ensure that an interruption does not threaten the survival of your business. As the CFO, you are in charge of protecting corporate assets and sustaining the earnings stream they generate. Having the components listed below as part of your Disaster Recovery Plan is not only your job, it will help you sleep better at night.
- Internal Controls & Governance: The CFO’s Foundation for Risk-Resilient Finance
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- Internal controls and governance form the foundation of effective risk management. While risk management identifies and assesses potential threats, internal controls and governance ensure that risks are consistently managed, monitored, and kept within acceptable limits.
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
