- Modern business planning is now a strategic advantage
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- If you’re not thinking of planning as a strategic advantage for your business, then you’re not viewing it in the right light. Because more and more, business planning needs to be comprehensive, accurate, and insightful. The quality of your business planning is so vital that it can spell the difference between success and failure.
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Take Assessment Watch Video- Reducing IT Risk: Planning for Business Continuity
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- The new year is a great time for business planning, including evaluating and reducing the significant risk that IT failures pose to our businesses. We do this formally by creating four IT plans: business continuity plan; disaster recovery plan; security policy; data breach/incident response plan.
- CFO TALK - Managing Transformational Change with Nilly Essaides
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- In this episode of CFO Talk, Nilly Essaides, Managing Director of Research & Insight at NeuGroup, and Steve discuss the evolving role of the CFO and the finance function in the face of the transformational change taking place in their businesses. Nilly recently published research on the topic (link below) and shares insights from the study on this episode of CFO Talk.
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
