- 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.
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Take Assessment Watch Video- Thinking About Selling Your Company? Here Are 5 Things You Need And 1 You Don’t (Surprisingly)
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- “I’m thinking about selling my company - I need a valuation.” That’s how many conversations begin. It was in a conference room with the President of a privately held company. The business was growing quickly and was very profitable. They had been approached by competitors in the past, but the timing wasn’t right. Until now.
- Is AI the Future for Spreadsheets?
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- Until just a few years ago, there was no real alternative to Excel. If you wanted to do any type of data analysis, keep financial records, manage your corporate finances and perform risk analysis, Excel was the only tool at your disposal. But, as those of us working with them to make decisions based on numbers will tell you, traditional spreadsheets leave a lot to be desired. Yet, virtually everybody still uses spreadsheets that are vulnerable to data leakage, undetected errors and often bad business decisions.
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
