- Why Finance Transformation Should Start With a Fast and Efficient Financial Close
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- The COVID-19 pandemic drove the need for many finance functions to transform. CFOs pivoted to deal with the crisis, finding new tools and ways of working to facilitate their finance transformation. However, the results have not always equaled the desired outcome. Turning finance transformation objectives into reality is a hard, thoughtful work.
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Take Assessment Watch Video- Managing Your Team and Career Through Today’s ‘New’ Economic Realities – Part II
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- In this 3-part series we will share 6 topics that will help you navigate the new waters of today’s economy. The topics include People, Leadership, Profitability/Cash Flow, Funding, Technology and Your Professional Growth. We will include actions finance leaders can take to thrive in an environment where others are trying to survive. You can catch up with Part I here, Managing Your Team and Career Through Today’s ‘New’ Economic Realities In Part II we cover Profitability/Cash Flow and Funding A key responsibility of Finance leaders is to shed a bright light on business performance and the key drivers that are enabling or hindering meeting performance goals.
- The Anatomy of a Hack: The Internet Age of Criminals – Part 2
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- In Part 1 I highlighted the size and pace of growth in cyber crime and introduced you to the Millennial Mobster. We are in The Internet Age of Criminals. I explained that the typical hacker is not who our media portrays in films and on television. In fact, these global gangsters and gangs responsible for the massive crimes committed online each year, run highly organized, extremely sophisticated organizations that are sometimes backed by their own foreign government.
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
