- The Evolving Role of the CFO in the D2A2 World: From Financial Steward to Strategic Leader
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- In today’s VUCA (volatility, uncertainty, complexity and ambiguity) world, the role of the Chief Financial Officer (CFO) is undergoing a significant transformation. Gone are the days when the CFO’s primary responsibilities were limited to managing financial reports, budgets, and audits. Today’s CFOs are increasingly seen by the management and board as strategic leaders who provide insights that influence business strategy, identify growth opportunities, and contribute to the overall direction and performance of the company.
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Take Assessment Watch Video- Turning Strategy into Action: The Logical Framework
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- Does your organization have a great strategy on paper but have trouble making it work in the real world? If so, you’re not alone. In fact, Fortune Magazine has reported that 75% of all strategies fail, largely because of the inability to execute. The fact is that many projects never have a chance. Even the best strategy is worthless unless it’s converted into implementable projects in the hands of capable and committed teams. Most organizations lack a systematic yet flexible way of turning strategic intent into actionable projects, relying instead on ad hoc means or using project management software prematurely.
- The Secret to Successful ERP Implementations is Not Putting the Cart Before the Horse
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- In today’s challenging economy, there is more pressure than ever on small to mid-size firms from their banks, their CPAs, investors and the SEC (if they are public) to produce accurate and timely financial reports. In many firms this task, painful and slow if not automated, falls on the shoulders of the firm’s Accounting Team, usually the Controller.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
