The quality of your Financial Management and Board or Executive Committee Reporting Processes has always been important, but the conflicts in the world and the growing impact of climate change, made it critical!
Businesses were forced to rapidly adapt to mitigate the impact of the disruption caused by the pandemic. Keeping their finances strong has been the top priority for the majority of businesses. For many, cashflow management and forecasting has required urgent attention, to maintain liquidity & even their survival.
Even though the WHO declared the Pandemic to be over in May 2023, many businesses have continued to use the upgraded practices introduced during the pandemic. Upgraded financial practices, cashflow management and forecasting, and agile management practices in the way they ran their businesses.
Entrepreneurial businesses are commonly started by people with a specific expertise, whether technical, service, or trade based, the owners will, understandably, tend to focus initially on their area of expertise, and as a result, as the business grows, the level of attention to Accounting & Financial Management may be overlooked. Could this be you?
The reality is that even today, disruption to shipping worldwide, the ongoing conflicts in the world and the growing impact of climate change, have made financial management even more important!
This program was designed to take your Financial Management and Reporting Processes to a new level.
Why Listen to me?
My knowledge and skills are based on over 30 years personal practical experience of actually having done what many business leaders aspire to do, at top management level in multiple industries in a number of large and medium sized companies, and start-ups.
During a corporate career of over 25 years, I held senior general management and financial positions in large corporations, SME’s and new start-ups, in multiple industries in 5 countries, including Chief Financial Officer (CFO) of 3 “Top 100 ASX listed” companies in Australia, and was CEO of two companies with sales of more than $250 and $65 Million respectively.
In this program we will share these with you and work with you one-on-one to implement the elements that are relevant for your business.
Financial Management has 3 core elements:
- Financial Management and Reporting,
- Key performance indicators (KPI’s),
- Financial Resilience – See seperate article – https://davidamer.com.au/services/how-to-build-business-resilience/
So, let’s look in more detail at those 3 elements.
- Financial Management and Reporting
Having a good grasp of your businesses financials and getting regular monthly updates in the form of a monthly Executive “Business Performance Report”, with a section dedicated to financial performance, is critical to the ongoing success of your business.
The Monthly Executive Business Performance Report pulls together all the relevant information for review by the board or executive team in their monthly meetings.
A good report should contain all the information necessary to facilitate decision-making at the senior management level.
When a potential investor is considering acquiring equity in your business, or you seek a debt facility with your bank, that’s what they will want to see. And not just the latest numbers, they will probably want to see them for the past two years, depending on how much money you want them to invest or lend to you.
Your senior Finance Person will be responsible for preparing and presenting the report.
- Key Performance Indicators (KPI’s)
The executive team should agree the high-level KPIs to be included in the monthly performance report.
The KPI’s should:
- draw together and integrate management information.
- reflect the critical success factors of the organisation and provide a high-level aggregate overview.
- provide a reliable and easy-to-use base through which to provide information that the executive team finds meaningful.
- be ready for a more challenging management environment that should be reviewed regularly once implemented.
Your business’s KPI’s will depend on the type of industry you serve and the nature of your business.
For most product and service businesses, in addition to any Industry Specific KPI’s, the monthly executive report should contain a maximum of 6 to 8 high level KPI’s.
What do I have to back-up my claims?
My proven track-record and experience in finance and top management at the highest levels.
Proven honesty and integrity in everything I do.
I invite you to read what others have said about working with me:
Testimonials from long term business partners and clients
Your Next Steps
To upgrade your financial management & reporting processes and incorporate the new financial resilience, cashflow forecasting techniques and agile methodologies into your business,
I usually work with Business Owners, CEOs and Senior executives. initially to explore potential opportunities they are not acting on, and priority problems they are too busy to resolve.
Then working with them as their trusted advisor to increase individual and organisational performance and value.
If you believe I might be able to work with you in an advisory role, to take your business and personal life to the next level, and you would like to learn more, just click on the button below to:
You will receive an email confirmation and a reminder from my booking system prior to the meeting.
You can View my LinkedIn Profile Here
My business email address is: [email protected]
I look forward to talking with you.