Effective finance operations are often seamless and unobtrusive. Data flows efficiently, models update automatically, cash timing is predictable, and leaders receive timely, reliable answers. When finance processes break down, inefficiencies become apparent throughout the organization.
When I go into a new client and am tasked with putting together cash flow projections or rolling forecasts, one of the most material elements is capital expenditures (capex). Capex is obviously more than hard-coded spreadsheet entries in Excel.
At least once a week – when talking with people about AI, finance, and jobs – the conversation often goes back to this single question: “What’s going to be the impact of AI on accounting and finance professionals?
When I was in college, there were three business careers that deeply intrigued many accounting and finance students. They promised the ideal combination of being in demand, lucrative, and secure.
About six months ago, a Principal at an SF Bay Area venture capital firm reached out to me and proposed. Not nuptially. He wanted to buy my financial models. I was taken aback by the offer. I had never received that kind of request before. Naturally, I asked a few questions.
By the time the 4-quadrant rationalization analysis was complete, close to 3 months had passed. To outsiders, they probably saw the data collection and the rationalization analysis as the hardest part of this work.
What do you do with a warehouse full of inventory nobody wants, and a leadership team emotionally tied to the products that built the company? The honest answer: you start with the data and you let it do the uncomfortable work for you first.
On day one, the founder’s son (and part owner) Daniel walked me through the warehouse proudly. Shelves were packed floor to ceiling with toys. You’d assume the company was thriving.
https://vimeo.com/1131509193?share=copy Finance people should understand sales just as salespeople should understand finance. They don’t need to be experts in the other’s domain. It doesn’t need to be difficult or overly complicated. Here are the basics of how to get started: Review leadership’s strategic plan with functional leaders, including sales. Translate the strategic plan into top-level…
If you’re early in your finance career, you may think that your objective is to do your job. That’s part of your duty. But you’re better than that. If all you focus on is being a doer, and going from one project to the next, you miss out on understanding the greater connections. As you…
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