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On November 10, our Minneapolis/Saint Paul chapter presented How Data Optimizes Strategic Planning, a panel discussion which focused on how CFOs use KPIs and other data analytics in key decision making and obtaining buy-in from critical parties.
Our Expert Speakers Included:
Denise Doll-Kiefer, CFO, US Water Services
Ann Gugino, CFO, Patterson Cos.
Richard Robinson, CFO, Sioux Steel
Jack McCullough (moderator), Founder, CFO Leadership Council
Here’s What They Told Us:
A CFO’s highest purpose is to be a business partner to the CEO. The mastery of data and, more importantly, the ability to sell, influence, and make strategic decisions, helps in that role. A thoughtful analysis of data is a game changer. The sheer volume of data can lead to “analysis paralysis” but can also enable an organization to identify entire new markets and generally provide an advantage over the competition. A nuanced use of data can change the entire perception of the finance and accounting teams within an organization. Rather than being the group that explains what happened after it happened, you become part of the process that makes things happen. It’s a much more exciting and important role.
If you would like further references on related topics, we recommend the following archived blogs:
Keeping The Vision While Minding The Metrics
KPIs and Corporate Performance Management
For details about the Minneapolis/Saint Paul CFO Leadership Council, take a look at our chapter page or contact Mary Christensen at [email protected]. And, don’t miss out on our next chapter event on December 8, Building High Performance Teams.