Getting good advice on how to implement cash flow management practices can be complicated. Improvements to cash flow management are available for all aspects of your business. The tricky part is figuring out what to start with and what practices aren’t worth the time and effort for your business.
If you ask finance professionals about strategic management tools, they will eagerly name SWOT, PESTL, “what if” analysis, vision and mission statements, Porter’s five forces… but hardly ever you would find a dashboard, or dashboard design on the list.
This short article explains the strategic role of dashboard design and helps you set the right KPIs and benchmarks for your business.
“If you want to go fast, go alone. If you want to go far, go together.” - African Proverb
If you are about to embark on a digitalization journey, do not forget to take your employees with you. This short article explains how FP&A can help organizations avoid the three-to-five-year gap between the technology adoption level and the mindset of employees.
Andy and Steve talk about the FInEx Summit 2021 coming up on September 8th and 9th https://vimeo.com/577212744 and discuss how to overcome not achieving a goal by;
1. having a growth mindset
2. sharing our humanity openly
3 ...“learning the lesson we needed”
4. shooting, even when we don’t have the perfect shot
5. success comes only from trying
In this CFO Talk Andy and Steve discuss:
1) How finance can move the perception it has as a cost center to one of value creator
2) How Controllers can create a path to the CFO Suite
Here is a link to the interview with Dave Bookbinder Andy kindly references near the end of this CFO Talk.
