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CFO Series: Preparing for Growth (CFOS4/22)
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May 17, 2022 @ 8:30 am
Corporate financial officers
This CFO Series Day focuses on issues relating to growing organizations.
Advanced Capital BudgetingSince we operate in a dynamic, ever-changing market, why do we typically use static capital budgeting models? Traditional, static models are not enough. An integrated capital budgeting approach will result in greater overall returns and stronger impact to the bottom line. Identify impacting working capital level Describe policies associated with working capital management Ten ways to collect your money Make AP a tool to enhance your Supply Chain’s potential Use benchmarking metrics to manage and track the effectiveness of AR and AP in cash managementObjective: Understand how to develop capital budgets in a growing company environment.Working Capital ManagementCash is “King”, but it does not manage itself. This session will explore short-term, mid-term, and long-term cash management techniques and attempt to answer these issues: How can we shorten the cash conversion cycle? How can we use technology to improve receipts? How working with vendors and customers can help cash management efforts. How working capital loans depend on our collateral and overall debt capacity. How banks and other lenders fit into our long-term cash and capital needs.Objective: Gain new ideas for managing your organizations working capital.Preparing For the Unexpected: Look at What Has Happened!Recently we all have experienced dramatic changes in business, society, and life. Were we really prepared? Have you ever heard the phrase, “What you don’t know can’t hurt you”? Nassim Nicholas Taleb, in his book The Black Swan, postulates that it is exactly what we do not know that can hurt us the most. The risks we need to be most concerned about are the risks we cannot identify or predict. Taleb calls these risks “Black Swans.” This session will discuss some historical black swan events, understanding the biases that we all have, how statistics and heat maps can lead us to incorrect conclusions, and, more importantly, discuss how financial professionals and their organizations can prepare for a future we cannot even envision.Objective: Understand how to better prepare for an uncertain future and minimize risk.Closing Best Practices: Shorten Month-EndSurveys show that the average North American company completes its monthly financial statement closing in six days. However, some companies can close their books in one day or less. You do not have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better, and cheaper.Objective: Understand how to perform your month-end closing faster, better, and cheaper.