Recently, a company asked for my help in solving a mystery. Their revenue was growing but their profitability had declined over the past couple of years and they couldn’t figure out why. They thought it might have to do with operations and supply chain, but they weren’t sure.
Often considered to be the domain of the CFO, cash flow is actually driven by sales, operations, supply chain and other departments in your organization. How we choose to run those departments can dramatically impact the speed with which cash flows into and out of the organization.
Here is a summary of best practices for closing the books – including important concepts for closing remotely in today’s WFH environment.
In this CFO Talk, Dileep Kulkarni, a supply chain expert and past finance professional, shares his unique perspective on how finance leaders and our teams can make a big difference in the effectiveness of our supply chains. He describes what a smooth running supply looks like with specific ideas on what finance can do to make a difference.
I’d like to introduce you to the first management consultant, who appeared a couple of millennia ago, and who had the greatest tool. His name was Archimedes and he had a lever.
I used that lever with some client executives who, with the strength of their position, were able to accomplish change ten times greater than others whose efforts were noble, but never seemed to pay off.
What are the levers of change and how can you apply them to your company and your finance team ?
