Real World Case Study
A financial services organization was facing a $25M profit shortfall and to mitigate this challenge they embarked on a number of responses:
Dave Bookbinder hosted Steve on Behind the Numbers to talk all things CFO. The program covers Finance Leadership; Human Capital Management; The 4 Pillars of CFO success; The 3-A’s - Analytics Automation and AI; Moving from Controller to CFO; The Why Behind CFO.University; and more.
In this special CFO Talk Steve and Andy discuss finance transformation and how it’s different at every company and for every CFO.
Most people think that business involves decisions around selling more stuff or spending less money, and accountants would typically record the results of these types of activity in a profit and loss or net income statement, but is this enough to ensure enterprises achieve sustained profitable growth?
Consider the following questions…
1. Is the way you compute and measure product and service costs and profitability affecting your organization’s ability to make informed decisions?
2. Do you know exactly what employees are actually doing to create and improve value?
