Strategic CFO™

Full Service, Full-Time, dedicated Accountants for 50% less annually than a traditional in-house accounting department. How much $ would your company save? Learn More & Schedule your free consultation: https://lnkd.in/gAwaxjYK

Today, CFOs need more than financial know-how to be successful... it's about driving business growth and managing complexity. Cost control is no longer the main emphasis. Rather, investment in growth and building organizational value have become the focus. The finance function is now increasingly being assessed in terms of its effectiveness (its ability to deliver what the business needs) rather than a narrower focus on its efficiency (its cost in serving the business). Thats why we created the Financial Leadership Workshop - The Art of the CFO, a coaching workshop focused on developing strategic skills in the context of financial leadership. The goal of this workshop is to transform you from an information provider to a strategic partner to the CEO and value driver in your organization. We provide the tools, resources and mentorship necessary to make this transformation and master the Art of the CFO. Join us in October for the next 4 day workshop!

Most people (especially those outside the finance side of the business) see the financial function as a cost center. Although an accounting department does not generate any revenue, it has the potential to dramatically improve profitability. Think about this: you should be able to convert 1-2% of sales into profits if the department was more productive. The productivity of an accounting department is directly linked to the improvement of profits and cash flow – the bread and butter of financial leaders. Before you attempt to improve the productivity of an accounting department, you need to assess how productive or unproductive it is currently. Read this WikiCFO® Article to find out how: https://lnkd.in/gQh2WMpE

Calculating Return on Capital Employed is a useful means of comparing profits across companies based on the amount of capital. It is insufficient to look at the EBIT alone to determine which company is a better investment. You also have to look at the capital and calculate the ROCE. Many consider ROCE a more reliable formula than ROE for calculating a company’s future earnings. Find the ROCE formula and an example calculation in this WikiCFO Article: https://lnkd.in/dWkbW5wG

We have just a few seats left for the September session of The Art of the CFO - Financial Leadership Workshop! Join us and earn 40 CPE credits before the end of the year. Can't make it in September? We have two more sessions in 2024: October 7-10th and November 11-14th Learn More & Sign Up: https://lnkd.in/ee-xiw3W

Improve cash flow with three simple steps: 1.) Identify methods that are more viable for your company’s needs. Start to quantify cash flow impact. 2.) Identify areas in the Cash Conversion Cycle to optimize. Calculate the potential benefit of employing these strategies. 3.) Develop a plan to streamline cash flow and execute. Keep track of change over time through financial reporting and review your results for future action. Easily complete all three steps with the Strategic CFO™ Cash Flow Tune-Up Tool! Designed to help analyze the benefits of implementing cash flow improvement strategies in your company, and unlock 🔓🔑 cash currently available in your organization. You can find this tool, and more inside SCFO Lab: https://lnkd.in/dnqF7eP7

Improving profitability, return on investment AND retaining talent are all reasons to invest in leadership development. When you invest in leadership development you are making an investment in people, and people will ALWAYS be a good investment. Why? Because without people, you will not be able to accomplish the goals for your company. More specifically, your financial leader needs to be further developed in their leadership skills. In our Financial Leadership Workshop, we enable our students to go beyond the role of controller/CFO/CEO to become the central financial leader in the company. Furthermore, our curriculum empowers you to become both an influence and decision maker in your company. We cover making the shift from a numbers cruncher to financial leader, how technology changes the role and obviously, #profits and #cashflow. The last sessions for 2024 are September 16-19th, October 7-10th and November 11-14th. Find more info and register: https://lnkd.in/ee-xiw3W

The role of the CFO is constantly evolving and these days CFO's have to wear many hats in their organization. Tony Ford, CFO of PG Professional Golf notes that “Ten years ago, CFOs…had to know financial statements... Now, they’re required to interact with sales, operations, and logistics to drive profitability for a company.” CFO's have to do more than and produce financials... They need to be a strategic partner to the CEO. The Financial Leadership Workshop was designed to provide you with the tools and skills you need to become that strategic partner to the CEO. Go from a numbers cruncher to a strategic value driver and trusted advisor to the CEO. Start creating #success through financial leadership. Registration, Dates & More Info: https://lnkd.in/ee-xiw3W

Banks follow the 5 C's of Credit to mitigate any risk related to loaning to a company. The risk a bank incurs from lending money to companies can be managed by assessing different areas of credit. Although not every bank uses this list, it’s safe to assume that when approaching a bank, you need to address each of these factors. The 5 Cs of Credit include cash flow, collateral, capital, character, and conditions. This 5-point checklist allows loan officers to easily determine if you are going to be good for their banking business. Although, banks don’t strictly rely on only the 5 Cs of Credit, it’s good to know where they start. Read our WikiCFO Article to find out if you pass the banks checklist and how to be credit worthy. This info is relevant for personal and company banking! https://lnkd.in/gM-JYRij

Historically seen as mere “bean counters” or guardians of financial health, CFOs have undergone a remarkable evolution. The changing dynamics of global markets, disruptive technologies, and stakeholder expectations have necessitated a shift in the CFO’s role. As organizations face increasing complexity and uncertainty, the CFO’s analytical skills, strategic insight, and ability to anticipate market trends have become invaluable assets. We designed our NASBA accredited course, The Art of the CFO to help financial leaders make this shift from a "bean counter" to a strategic partner in their organization. We go beyond the numbers and develop the financial strategies, tactics, and leadership skills required for individuals to become more valued members of their organization. Thereby taking yourself, and your company to the next level. There are three more sessions this year: September 16-19th October 7-10th November 11-14th Join us here at our office in Sugar Land, TX and master The Art of the CFO: https://lnkd.in/ee-xiw3W Those eligible earn 40 CPE credits upon completion!