Depending on how strong a company’s CFO is and how much pressure there is to reach financial marks, most companies are heavily purchase-price oriented. Taking a total cost of ownership (TCO) perspective is crucial to achieving a value-adding relationship with suppliers. In many cases, the place you save the most money is not part cost.
Andy gives advice to hiring managers on the opportunity they are missing by focusing on experience rather than mindset.
I start with a story. Once upon a time there was a young couple who used to go to the beach for a walk together every Friday morning before they made their way to work . . .
. . . Early one morning after a big storm had passed they were walking along the shoreline and found a vast beach littered with starfish as far as the eye could see, stretching in both directions.
Procedures are written primarily to reduce the inherent risk by documenting in writing the business process or activity. Effective procedures are an insight and window into the control, governance and oversight of the organization.
Steve and Dave Bookbinder discuss what it takes to go from the Controller to CFO role.
Controllers know our accounting pillar like the back of their hand.
