We’re off to a great start! Our fall kickoff is well underway, marking an abundance of stellar programs, set for the months ahead. See for yourself! Here’s a recap from a recent chapter event:
On September 19, our Dallas team presented Transforming An Accounting Function Into A World Class Finance Function, a program inspired by Steering Committee member Stu Grubbs, CFO at Daisy Brand LLC, one of the largest manufacturers and suppliers of dairy products in North America. With more than 20 years of accounting and financial experience in Fortune 500 companies, Stu is a results driven leader whose innovative strategies have served to enhance organizational performance in many businesses. Prior to joining Daisy Brand LLC, he worked for a variety of industry giants, including The Coca-Cola Company, Bayer Consumer Care, Dean Foods, and Red Bull Distribution Company. This experience led him to fully understanding that today’s CFOs must be much more than just “good accountants”. Along with our other expert speakers, he discussed the importance of companies having world-class finance teams to provide vital decision support and strong organizational perspectives.
Our panel consisted of:
Here’s what they advised:
- Re-structure to create efficiencies.
- If you have a small team, you can still be world class. Just be confident that you have all the right people and processes. The “pyramid” still applies.
- Ensure that your team members understand that their jobs are changing into more meaningful roles.
- If there are team members that don’t want to change, don’t force them. It might simply be best for them to leave.
- Build a good relationship and trust with your COO.
- Attend sales and operations meetings to be more accessible to these teams.
- Don’t move too quickly and learn when to feed data.
- When figuring out how to embellish processes with technology, first look at each process and evaluate how technology could improve what you already have. Do not just implement technology and software without knowing how they will plug in.
- Streamline processes in order to make all tasks more efficient. Focus on the close at end of each month instead of assigning other tasks during that time. And, keep in mind that the close timeline can be anywhere from 19 days to 3 days.
- Spread enthusiasm!
For details about the Dallas CFO Leadership Council, take a look at our chapter page or contact Erin Gardner, Marketing Director, at firstname.lastname@example.org or Jeanene Orlando, Southwest Regional Director, at email@example.com. And, don’t miss out on our next program, Attracting And Retaining Top Talent, on Tuesday, October 17. Register today!