In a recent episode of CFO Talk, seasoned finance leader Anand Soni shares insightful advice on managing boards and ownership as a CFO. His extensive experience in handling complex family-held businesses offers valuable lessons for finance professionals seeking to navigate the challenges of dealing with board members and ownership. Enjoy this CFO Talk with Anand and Steve.
For the third year in a row we polled the global finance community to determine if there have been shifts in what Pillar is most important to CFO Success.
A little background on the Four Pillars before we dig into this year’s poll results.
In our annual poll asking, ‘Which Pillar Will Be Most Critical To CFO Success?”, leadership invariably takes the top spot. The term Leadership can take on many different meanings. This one from McKinsey we find especially useful.
Four ways to expose the dangers of being too close to your next big target.
“When you’re inside the jar, you cannot read the ingredient label,” was the realization from a highly experienced CEO after we worked through some gaps and opportunities she had not been able to see with a major new project. Even with an extremely well thought out plan, when your perspective is so close it’s easy for expected goals to fall short or opportunities to be overlooked.
This case study highlights how an effective IT road map helped a manufacturer reduce their production inventory from 29 to 3 days and dramatically improved their cash position. It is a lesson demonstrating how CFOs can partner with operations to improve their working capital position by accelerating their cash conversion cycle.
