Eric Gerster of Magnolia Lane Financial Advisors shares a brand new presentation on the top priorities for financial professionals. Enjoy and please share!
2. ā¢ Hello and welcome back
ā¢ If you have viewed some of my previous presentations you would
see that I am deeply involved in the ļ¬nance industry and love to
learn about current happenings with the industry
ā¢ I know the year is not over just yet but 2016 is just around the
corner and people need to be prepared for start of the next
year
ā¢ This presentation is intended for the education of any reader
interested in learning more about what ļ¬nancial professionals will
be focusing on in 2016
ā¢ I hope you enjoy the presentation and feel free to share it
3. ā¢ The following information is based on a study provided by Protiviti and
taken by more than 600 ļ¬nance professionals including CFOs, Vice
Presidents, Presidents, corporate controllers, and more
ā¢ For those of you that are not familiar with Protiviti, they are a global
consulting ļ¬rm that aids organizations in solving any problems associated
with ļ¬nance, operations, technology, risk, and audit
ā¢ The survey ultimately found that the ļ¬nancial professionals continued to
focus on the strategic value of the ļ¬nance function, instead of accounting
operations.
4. ā¢ In 2014 there were 3 areas of ļ¬nancial analysis that
ranked 7.0 or higher that were viewed as extremely
important by ļ¬nancial professionals
ā¢ These 3 areas were strategic planning, budgeting, and
proļ¬tability analysis
ā¢ The data for the 2016 study indicated that 7 key areas
were shown to be top priority
ā¢ These 7 areas include strategic planning, budgeting,
performance management, business intelligence, periodic
forecasting, proļ¬tability analysis, and risk management
5. ā¢ Please view the chart below for more information
on business area priority for ļ¬nancial executives
6. ā¢ CFOs and other top level ļ¬nancial executives
will be diligently focused on those 7 areas with
the intention and motivation to positively affect
margin and earnings performance
ā¢ Immediately following margin and earnings
performance is cybersecurity risks, strategic
planning, periodic forecasting, and budgeting
7. ā¢ Ryan Senter is a managing director at Protiviti
said in a recent interview, āWith the modest
economic recovery of the past few years,
ļ¬nance functions are preparing the enterprise
for challenges that could materialize at any
time by working to preserve margins and by
sustaining a strong focus on working capital
managementā
8. ā¢ The report went on to say the following
quote, āFinance functions are working ā¦ to
equip business partners throughout the
organization with more precise and real-time
information on performance, cash positions,
and proļ¬tability drivers to strengthen strategic
decision-makingā
9. Eric Gerster
Thank you for viewing my presentation. Please be sure
to check back again soon for more updates!