- Innovating Your CFO Activities
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- Innovating the Accounting, Finance and Treasury (AFT) Functions Double entry bookkeeping is a concept that is over 500 years old. You might ask, “What can we learn about innovation from an industry that old?” A seminar conducted by KRM and the endersgroup at a Vancouver company focused on innovating AFT activities. The seminar provided a great example of an AFT team that is taking the lead in building an innovative culture at their company. They are doing this by making step function improvements in their AFT processes.
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Take Assessment Watch Video- The Role of the CFO in Pricing
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- CFOs should be ideal people to drive pricing, but they usually aren’t. They are awesome because they care about margin. They build forward looking revenue and profit models. They have resources to calculate every KPI imaginable. And most importantly, they have a ton of influence in the company. This sounds like the ideal person to influence – if not own – pricing.
- CFO Talk: The 8 Superpowers CFOs Use to Scale - with Michelle Kvello
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- Welcome to CFO TALK, the podcast for finance leaders and aspiring CFOs. In this episode, titled “The 8 Superpowers CFOs Use to Scale,” our host Steve Rosvold has a fascinating conversation with Michelle Kvello, the Managing Director at Lantern Partners. Michelle shares her insights and expertise on how CFOs can better serve their SME customers and help entrepreneurs successfully scale their businesses. Over the past twelve years, Michelle has identified eight crucial superpowers that CFOs need to possess, including the ability to see stories in the data, identifying key metrics for growth, establishing a single source of truth among others. Tune in to CFO TALK and discover how these superpowers can elevate your role as a finance leader and drive growth at your organization.
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
