{"id":1366,"date":"2017-08-31T16:08:38","date_gmt":"2017-08-31T16:08:38","guid":{"rendered":""},"modified":"2020-01-16T19:30:25","modified_gmt":"2020-01-16T19:30:25","slug":"hey-cfos-are-you-seeing-the-right-stuff","status":"publish","type":"post","link":"http:\/\/design.brafton.com\/oliverwight\/uncategorized\/hey-cfos-are-you-seeing-the-right-stuff\/","title":{"rendered":"Hey CFOs \u2013 Are You Seeing the Right Stuff?"},"content":{"rendered":"
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Before you answer that, let us answer for you \u2026 \u201cProbably not!\u201d<\/p>\n

Our experience, both as financial practitioners and consultants, is that most CFOs\u2019 eyes are focused on financial \u201coperations\u201d \u2013 being the \u201cFinancial Custodian.\u201d Monthly closing. Last month\u2019s performance. Variance analysis to explain it. Maybe a look forward to the rest of the quarter. And depending on the company, a review of current cash position, financing, debt covenants, capital allocations, etc.<\/p>\n

Most CFOs pay almost all their attention \u2013 month after month \u2013 to the income statement, balance sheet, and cash position.<\/p>\n

Then wham! It\u2019s \u201cplanning season.\u201d<\/p>\n

With it comes the typical multi-month fire drill of setting goals and targets for next year and developing the associated budgets.<\/p>\n

Easy, right?<\/p>\n

Just stretch this year by some arbitrary percentage to get next year\u2019s targets. Oh, and reduce functional budgets as well. What part of \u201cdo more with less\u201d doesn\u2019t everyone in the company understand?<\/p>\n

Have you ever considered another \u201cview\u201d?<\/p>\n

How about being the \u201cFinancial Copilot\u201d for your company? Along with the other \u201cCo Pilots\u201d from product development, marketing and sales, operations, supply chain, etc. Like any copilot, you help develop the flight plan for the trip, monitor progress, and make needed adjustments to unforeseen events to stay on track.<\/p>\n

Copiloting is collaborative problem solving along the way of executing the business strategy and goals.<\/p>\n

Good news! Integrated Business Planning (IBP) is a process that does just that.<\/p>\n

And a good IBP process has a \u201cFinancial Copilot\u201d as part of the flight crew. As Financial Copilot for the executive team, the CFO helps in reaching consensus on a believable, feasible, and doable plan.<\/p>\n

Along the way, the role of Finance transforms from being a \u201cresults cop\u201d to a \u201cresults enabler.\u201d Finance is sought out and respected for the value it adds rather than avoided as a watch dog.<\/p>\n

This is what the IBP environment creates, the opportunity for Finance to constructively help the operating functions and leadership team shape the business going forward.<\/p>\n

We\u2019ve done this and seen it done. It works.<\/p>\n

By opening their eyes to being a \u201cFinancial Co-Pilot\u201d in addition to a \u201cFinancial Custodian,\u201d the CFO plays a pivotal role in transforming the Finance organization from watch dog to trusted advisor.<\/p>\n

Learn more about our experiences and observations of financial organizations transforming their role through Integrated Business Planning. Download our white paper on \u201cFunctional Transformation: Integrated Business Planning Through the Eyes of the CFO.\u201d<\/a><\/p>\n<\/div>\n<\/div>\n

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Hey CFOs \u2013 Are You Seeing the Right Stuff?<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Before you answer that, let us answer for you \u2026 \u201cProbably not!\u201d Our experience, both as financial practitioners and consultants, is that most CFOs\u2019 eyes are focused on financial \u201coperations\u201d \u2013 being the \u201cFinancial Custodian.\u201d Monthly closing. Last month\u2019s performance….<\/p>\n","protected":false},"author":10684,"featured_media":1367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"http:\/\/design.brafton.com\/oliverwight\/wp-content\/uploads\/2019\/10\/10_cfo_eyes_blog.jpg","_links":{"self":[{"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/posts\/1366"}],"collection":[{"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/users\/10684"}],"replies":[{"embeddable":true,"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/comments?post=1366"}],"version-history":[{"count":1,"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/posts\/1366\/revisions"}],"predecessor-version":[{"id":2828,"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/posts\/1366\/revisions\/2828"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/media\/1367"}],"wp:attachment":[{"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/media?parent=1366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/categories?post=1366"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/design.brafton.com\/oliverwight\/wp-json\/wp\/v2\/tags?post=1366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}