Do you fully understand the key drivers of your business? Do you measure and report on these?
Are you making decisions supported by numbers? Is your in-house finance team providing you with the information that enables you to make informed decisions, do you feel you truly understand your business’ financial position and performance. Do you have a view of the future, use financial forecasts, cash flow forecasts and understand what to expect and have targets to aim for and against which you can measure performance.
Providing key decision makers with access to the information and tools to answer these questions is a key responsibility of a CFO. One with experience and the necessary skill set can quickly and efficiently identify the key drivers of your business, profit improvement opportunities and identify issues and suggest resolutions.
Below is an example of a Summary page from one of our financial position and performance assessments.