- Why Every Business Should Build Weekly Cash Flow Forecasts
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- When most finance professionals hear the term “13 week cash forecast,” they view it as a burden—one more task to appease an overbearing lender. Most finance professionals do not get nearly as excited about building it as they do about building a projection model for an acquisition or investment. It doesn’t help that companies generally tend not to focus on their liquidity needs until they are forced to do so. Therefore, people often only prioritize the weekly cash forecasts in distressed situations, when it is too late to take corrective actions. And even still, the analysis is often hastily executed and inaccurate.
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Take Assessment Watch Video- The Chief Financial Officer’s Role in a Digitally Transforming World
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- CFOs are facing challenges that include expanding markets, growing sales, improving margins and reducing costs. More and more often these challenges are being addressed through the lens of digital transformation. Gartner defines digital transformation as “the process of exploiting digital technologies and supporting capabilities to create a robust new digital business model.” How are you positioned to lead digital transformation at your company?
- How to Prioritize What is Most Important – Create Your Own Life Wheel
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- If you could put all your energy into what’s most important to you every single day, what would your life look like? Would it look anything like your present-day real life? If the two scenarios look more different than similar—if they look like two separate worlds—it may be time to reprioritize.
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
