Book description
Simplify and streamline your way to a winning legacy
Winning CFOs is a hybrid handbook and toolkit with over 100 lean practice solutions and a wealth of practical tools for senior financial managers of small, midsized and large companies. This book outlines the mindset of paradigm shifters relevant to future-ready finance teams, and contains guidelines on how to become an effective change leader. Guidance from world leading expert David Parmenter provides the insight and tools you need to reach your true leadership potential and achieve more for your organization. Packed with templates and checklists, this book helps you adhere to the best practices in reporting, forecasting, KPIs, planning, strategy, and technology. The companion website—a complete toolbox for positive, entrenched change—gives you access to additional resources that reinforce the Winning CFO strategy.
This new second edition has been updated to reflect the latest practices and technology to streamline your workflow and get more done in less time—without sacrificing quality or accuracy. As an all-in-one resource for the CFO role, this book provides a clear, practical strategy for demonstrating your value to your organization.
- Selling and leading change effectively
- Get more accurate information from your KPIs
- Attracting, recruiting and retaining talented staff
- Invest in and implement new essential tools
- Investing wisely in 21st century technologies
Report the month-end within three days, implement quarterly rolling forecasting, complete the annual plan in two weeks or less, and bring your firm into the 21st century with key tools that get the job done. Be the CFO that your organization needs and the leader that your teams deserve. Winning CFOs gives you everything you need to achieve more by doing less.
Table of contents
- Title Page
- Copyright
- About the Author
- Testimonials
- Introduction
- Acknowledgments
- Part I: Change—Why the Need and How to Lead
- Part II: To Be Completed Before the Next Month-End
-
Part III: Technologies to Adopt
-
Chapter 4: Future-Ready Technologies
- Ban Spreadsheets from Core Finance Routines
- Seven Technologies to Understand and Evaluate
- Planning and Forecasting Tools
- Upgrade Accounts Payable Systems
- Using a Reporting Tool
- Turbo Your G/L with a Friendly Front End
- Consolidation and Intercompany Software
- Collaborative Disclosure Management
- Paperless Board Meeting
- Maximize the Use of the Existing G/L
- Avoiding the Hard Sell to Upgrade Your G/L
- Implementing a New System
- PDF Download
- Notes
-
Chapter 4: Future-Ready Technologies
-
Part IV: Progress You Need to Make within the Next Six Months
-
Chapter 5: Reduce Accounts Payable Volumes by 60 Percent
- Removal of All Charles Dickens Processes
- Move to a Paperless Accounts Payable Function
- Get Your Electronic Ordering System to Work
- Get a Purchasing Card System Implemented as Soon as Possible
- How the Purchase Card Works at Month-End
- The Better Practices with Purchase Cards
- Cut Off Accounts Payable on the Last Working Day
- Mount the Last Signed Check on the CEO's Wall
- Perform Frequent Direct Credit Payment Runs
- Improve Budget Holders' Cooperation
- Speed Up Budget Holders' Correction of Omissions
- A Welcome Letter to All New Budget Holders
- Introduce “Shame and Name” Lists
- Reward Good Budget Holder Behavior
- Have a Closer Relationship with Your Main Suppliers
- Self-Generated Invoices (Buyer-Created Invoices)
- PDF Download
- Note
- Chapter 6: Month-End Reporting Refinements
- Chapter 7: Lean Reporting—Informatively and Error Free
-
Chapter 8: Lean Board Reporting
- Selling Change to the Board
- Scoping of the Information Requests
- Avoiding Rewrites of Board Reports
- Paperless Board Meeting
- Introduce a Change to the Board Meeting Scheduling
- Mistakes to Avoid with the Finance Report in the Board Papers
- Continually Purging the Board Papers
- Moving to Governance Information
- A3 (Fanfold) One-Page Board Dashboard
- PDF Download
- Chapter 9: A Lean Annual Planning Process—Ten Working Days or Less!
- Chapter 10: Lean and Smarter Work Methods
- Chapter 11: Effective Leadership, Growing and Retaining Talent
- Chapter 12: Quick Annual Reporting: Within 15 Working Days Post Year-End
- Chapter 13: Managing Your Accounts Receivable
- Chapter 14: Attracting and Recruiting Talent
- Chapter 15: Lean Accounting
-
Chapter 5: Reduce Accounts Payable Volumes by 60 Percent
-
Part V: How Finance Teams can Help their Organizations get Future Ready
-
Chapter 16: Implementing Quarterly Rolling Forecasting and Planning
- Selling and Leading the Change
- Annual Planning Is a Questionable Activity
- Myths around Annual Planning
- Quarterly Rolling Forecasting and Planning
- The Foundation Stones of a Rolling Forecasting and Planning Process
- Efficient Forecasting and Planning Processes
- Implementing a Quarterly Rolling Forecasting and Planning Process
- PDF Download
- Notes
- Chapter 17: Finding Your Organization's Operational Critical Success Factors
- Chapter 18: Getting Your KPIs to Work
- Chapter 19: Reporting Performance Measures
-
Chapter 16: Implementing Quarterly Rolling Forecasting and Planning
- Part VI: Areas where Costly Mistakes can be Made
- Appendix A: Useful Letters and Memos
- Appendix B: Rules for a Bulletproof Presentation
- Appendix C: Satisfaction Survey for a Finance Team
- Index
- End User License Agreement
Product information
- Title: The Financial Controller and CFO's Toolkit, 3rd Edition
- Author(s):
- Release date: September 2016
- Publisher(s): Wiley
- ISBN: 9781119286547
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