This is a transcription of video by Jim French, CFO of IFI Professionals.
Hi, I'm Jim French, the founder of IFI. In this blog I will share a little bit about us, what drives us, and how, in these challenging times, we can help you not only survive, but take advantage of business insights that will help you know what's working, what's not, and how it's affecting your financial position.
Need A Framework for Clarifying Your Organizational Readiness and the Next-Best-Steps for your Continuous Financial Planning Journey?
#FinancialOperationsTransformation #FPandA #ContinuousPlanning
How to increase efficiency and really understand your profitability drivers.
If your outsourced bookkeeping service or your own team are still all about completing the Monthly Close you are missing the opportunity to gain the ongoing insight to the profitability drivers of your services business.
If you have a McLaren then you should be able to find time to wash it. But when you are out to change the world or run any growing business that’s easier said than done.
As a leader it should be as simple as communicating your vision, delegating to a smart capable team and measuring their progress.
I am a CFO: Why as the CFO am I working late the night before exec meetings struggling to pull together even basic financial and operational reports that I know will get challenged by the other execs?
I am a CEO: It’s always frustrating that before a major decision or board meeting – “My team struggles to pull together even basic financial and operational data in time to help me make decisions based on data that I can trust.
How to evaluate your Financial Operations situation and target key transformation milestones over the next two years against a Maturity Model to create your roadmap to success.
The first step in road mapping where you want to go is to identify where you are now against a relevant transformation model.
It’s that time of the year when plans for rocketing the business to the next level are in place, yet most plans fail to recognize that the launchpad of Financial Operations – people, processes and technology are not in place to achieve those plans.
Today, accounting is possible in multi-dimensions; incorporating financial statements and operational data.
The Challenge
Just like with design, not using this capability leaves most of your team with a simplistic and limited view that does not help them run the business.
Design and expertise are key to getting the complete financial and operational reports you need on time.
If your team is still using Excel to report operational or even financial information, take two minutes to read our blog and understand why you should be adopting new frictionless trends.
