Blogs

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CFO Alliance Members & guests gathered this week in NYC as part of the Q1 Executive Roundtable Series to discuss, debate and dissect The CFO’s Talent Mandate - Linking Talent To Value In 2019.  One of the critical areas for discussion was around ways CFOs can measure the return on their company’s training and investments.  Mike Ross  challenged CFOs to adopt the position that JD Dillon, principal learning strategist for Axonify.  articulates:  "ROI is important, but it's not the Goal.  Impact — A sustained change in employee behavior & business results — is the Goal.   Employers need to be ready to consistently gather data from multiple points to ...
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The CFO Alliance Members & Partners Kicked Off their Q1, 2019 Executive Roundtable Series discussing how CFOs can best lead an enterprise that retains top talent while maximizing top line, bottom line and shareholder value performance... This morning, 50 Finance Executives gathered outside of Philadelphia, PA to launch our Q1 Executive Roundtable Series and discussed, debated and dissected one of their top mandates for 2019:  Determining how they - as Modern Finance Executives - can best link their enterprise talent to value. The discussion, led by Mike Ross, Manager of Innovation & Development at Insperity , centered on six (6) critical areas ...
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WAYNE, Pa. ,   Jan. 29, 2019   /PRNewswire/ --  The CFO Alliance , a leading network of more than 7,000 CFOs and qualified finance executives   representing middle market and emerging enterprises from all industries, geographies, sizes, and structures, released its   9th annual CFO Sentiment Study   to provide insights into the strategic planning and financial outlook of CFOs for 2019. This Study is unique in that it is designed to offer insights into how today's CFOs plan to best position their enterprises to address challenges and capitalize on opportunities in 2019. Over 580 senior financial executives from across   North America   participated in ...
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HOUSTON – Jan. 22, 2019 – Insperity, Inc . (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced a strategic relationship with The CFO Alliance ® , a professional community of over 7,000 CFOs and other executives of middle-market companies across North America ranging from $10 million to over $1 billion in revenue. The CFO Alliance has selected Insperity to serve as its preferred provider in the human resources services industry. Members of The CFO Alliance will have access to Insperity products, services and thought leadership resources, including Workforce Optimization ...
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Back on December 7th, The CFO Alliance partnered with Crain’s New York Business for Crain’s Custom 2019 CFO Forecast . @Nick Araco participated on the panel with Michael Crotty, CFO of The Player’s Tribune; Jim Emmerson, CFO of Huntington Learning Centers Inc. and Christine Fenske, Baker Tilly’s managing partner for New York and the financial services group. The topics highlighted in the panel included budgeting and forecasting, talent, cybersecurity, market uncertainty and tax reform. Visit the CFO Forecast 2019 page to view the articles, watch a video recap and see the photo gallery .
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Ten years of building a community such as ours that is constantly and rapidly evolving is an achievement that I am particularly proud of – we are honored to be here with you, and even more so to have done it by relying upon our consistent strong values of education, engagement and empowerment of modern finance leaders like yourselves. There is plenty to be achieved in The CFO Alliance Community's evolution -- I see next year lined up with many successes and great achievements for our Members. Take a look at our 2018 Roundtable Series Summary that includes sentiment and key takeaways from our quarterly Roundtables in 2018.  We kick off our Q1 2019 Series ...
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Wayne, PA, January 2, 2019 – AchieveNEXT, a leading provider of subscription-based, peer advisory communities and specialized professional services, has enhanced its CFO Alliance Community by adding Candace Cook to its team as Director of Membership Marketing & Development. This addition launches the next phase of expansion for The CFO Alliance. Launched in 2008, The CFO Alliance is a professional community of more than 7,000 Chief Financial Officers from middle-market companies across North America ranging from $10 million to over $1 billion in revenue. The addition of Candace and others to the team, underscores AchieveNEXT’s deep commitment to building ...
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Industry disruptors have CFOs up at night thinking about how their companies can innovate while maintaining operations. With change happening at a rapid pace, CFOs see the need to step out of their comfort zones and offer strategies to manage these risks. The obstacles to innovation and growth are continually increasing. Obstacles discussed at The CFO Alliance Q3 Roundtable series include: Lack of leadership buy-in Weak Organizational culture and collaboration Technology Lack of budget needed Poor data quality. However, by adding new skills, leveraging technology and working more closely with other business functions, CFOs can adapt and drive ...
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September Member Spotlight

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September was an exciting and busy month for The CFO Alliance! We kicked off the Q3 Roundtable Series, Leading During Business & Industry Disruption: How CFOs Can Innovate While They Operate in the Philadelphia market on September 11th and wrapped up our in-person Roundtables in Chicago on September 27th. Interested in hearing the key takeaways from the Series ? Join us on October 11th for a Roundup Webinar, where our featured guests from each market will share insights and best practices that were discussed in their respective market. We developed an Innovation Risk Management Tool where you can identify how well you manage innovation risk in your ...
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Today’s CFOs no longer just oversee an organization’s finance function. As a CFO, you now drive growth across all areas of the business – from improving the customer experience to using technology to innovate. This expanded role requires you to partner with various teams on a digital transformation strategy. According to the 2018 CFO Sentiment Study , almost 50 percent of CFOs regularly meet with others to “align their technology initiatives with all enterprise, department, and team goals.” As you put a stronger focus on collaboration, you will require better ways to share financial data with the rest of your organization. ...
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I was reading Thomas Friedman’s Thank You For Being Late last week while sitting on a beach, and thinking about its key tenet that accelerations in technology are reshaping industries, careers, politics, really all of society. Even something considered as “timeless” as the game of baseball has been reshaped by technology. Over two seasons from 2012-2013, the Houston Astros lost two thirds of their games, so it seemed unlikely with Sports Illustrated magazine featured the team on a cover and proclaimed them to be “Your 2017 World Series Champs.” And then it came true. Major League Baseball, and the Astros in particular, championed several new business ...
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This is the final blog in a series of posts written by May Van , Executive Coach at Kelleher Associates , on the importance of fostering an innovative culture in today's business society. Thank you, May, for your continued contributions and insights to The CFO Alliance. The CFO's role in risk management, be it innovation or investment, is an integral part of the business management process. The CFO's primary role is to minimize the financial risks. Discipline in long and short-term planning is the key to ensuring innovation risks are well managed. It is counter-intuitive. We tend to think innovation just happens when it takes planning to make innovation ...
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August Member Spotlight

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August kicked off The CFO’s Role in Creating Shareholder Value Special Task Force ! Over the next few months, 15 CFO Alliance Members are meeting over the phone to create a report providing actionable insights, best practices and tools for CFOs to consider as they are developing and executing their corporate strategies. This month, I’d like to highlight one of our long-time CFO Alliance Members, Andy Wesztergom , CFO at specialty metals company in Philadelphia, Thalheimer Brothers. He has been the CFO at Thalheimer Brothers for the past seven months and was previously the CFO of the Americas Region at Houghton International. Over the last ...
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Potential Polling Questions to extend to Q3 Roundtable Participants and the Community at Large: What level of strategic planning does your company utilize? -One year budget/forecast -Long-term strategic plan -None -Other What phases of strategy are you as CFO involved in? -Identifying strategies -Evaluating strategies -Planning/developing strategies -Executing strategies Do your shareholders expect the CFO to be involved with value creation initiatives? -Yes -No What areas is your company focused on for driving shareholder value? -M&A -New product development -Channel expansion -Geographic expansion -Operating efficiencies -Other If other, please elaborate ...
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More CFOs are taking a proactive role in their organizations’ IT security. This not only protects their financial data but improves their overall efficiencies. Data security isn’t just something that your IT team needs to address. Since a breach can impact every area of an organization, keeping sensitive data secure is also a top concern for CFOs. For example, CFOs must manage financial fallout and oversee investor relations after a data leak. A recent study by Ponemon Institute revealed that a company’s stock prices drop by an average of 5 percent after a breach, while their revenue takes a $3.4 million hit. In some cases, CFOs can ...
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This is the fourth blog in a series of posts written by May Van , Executive Coach at Kelleher Associates , on the importance of fostering an innovative culture in today's business society. It is human nature to be resistant to change. Even at organizations known for innovation, stagnation can creep in. An enterprise-wide culture of innovation is the only antidote to the possible malaise. A culture of innovation can be developed and sustained in many ways, some practices are simple to implement. Many companies install a suggestion box and reward the suggestions resulting in better ways of doing things. Others encourage nominations from rank and files ...
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Thank you for participating in our introductory Special Task Force meeting! The initial brainstorming was very engaging. As discussed on yesterday's call, the angle we will plan to take to guide us through the brainstorming is.... "Releasing the insights of data to drive innovation to increase shareholder value" To guide our next brainstorming session, please provide answers to the following questions by EOD, Wednesday August 15th: Identify some key data elements that could drive shareholder value. Identify some types of innovation that could drive shareholder value (i.e. ops innovation, product development, partnerships, markets, etc.). Identify some ways ...
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"Repairing the finance and sales relationship in business is key to success," writes Kirsten Levermore in Dialogue Magazines " Confessions of a Power Couple " article, which showcases findings from The CFO Alliance 2018 Sentiment Study . The Sentiment Study highlights a number of important statistics that give insight into why the relationship between finance and sales is suffering in mid-market enterprises. More than half of finance executives believe current performance, lack of competency and thin bench strength of existing sales talent is the key barrier to overcome in order to meet or exceed revenue growth objectives in 2018 77 percent of survey ...
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The CFO Alliance and Illumeo announce learning partnership to serve and upskill innovative financial leaders across the middle market. SILICON VALLEY, CALIF. AND PHILADELPHIA (PRWEB) AUGUST 02, 2018 The CFO Alliance and Illumeo today announced a learning partnership to serve and upskill innovative financial leaders across the middle market. The CFO Alliance provides professional networking and training programs for corporate leaders in finance. A critical complement to the thriving community and professional connections that the CFO Alliance empowers, is the ability of their members to access distance learning, any time and any place they need it. Illumeo’s ...
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July Member Spotlight

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July has been an exciting month for The CFO Alliance! We are well on our way towards launching our pilot ADVANCE program. We've established an exciting relationship with a learning management system. We've launched a new Membership model. Two of our Members, Matt Lane and Steven Kennard , were selected by the Business Journals in their respective cities as "CFO of the Year honorees." Matt Lane, CFO of YOLO Federal Credit Union in Sacramento Matt truly embodies the qualities of a modern CFO. “From the first interview, Matt demonstrated a strong drive for success. He is accountable, ambitious and a collaborative leader,” says his ...
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