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AchieveNEXT CEO, Nick Araco, Jr., appears on  RVN TV 's CEO Chat to talk resources, solutions and counsel AchieveNEXT is providing individuals and enterprises through this crisis while they attempt to reenter the workforce and rebound, and the important component of  Making Connections That Count . Check it out: https://vimeo.com/42328239
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Making Tough Financial Decisions During a Crisis. Check out my recent podcast with  Dr. Jeremy Weisz at Inspired Insider  as we take a deep dive into the tough decisions we are all faced with making during this crisis:  https://www.inspiredinsider.com/nick-araco-interview/ Join a Peer Advisory Network. Our Alliance Communities empower the Modern Executive to make complex decisions on Strategy, People, Technology, and Risk. Peers gather together online and in-person to encourage and challenge critical decisions that impact enterprise growth and performance. Nick Araco  CEO, AchieveN
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In this time where physical distancing and remote work and life has become necessary to slow the spread of COVID-19, social connection is more important than ever.  Let's be frank.  None of this is easy.  I am officially on  Information Overload  and am suffering from major  Zoom Fatigue .  Who's with me ?   I have found though, that some of my stress is being relieved by gathering finance, HR and other C-Suite leaders together via our Q2 Virtual Peer Advisory Group Meetings to simply provide each other with the opportunity to share our support, sentiments,  ideas and resources to assist each other in this effort.  I have really enjoyed just being able ...
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"We are ready to get back to work." This was the sentiment from many of the Members that I spoke with this week. Those that received funds from the PPP are now focused on how to use these funds and account for every dollar.  The conversations then moved to workplace re-entry. There was agreement that with this crisis the use of digital communications tools will take a foothold within our enterprises. A recent McKinsey survey states 90% of the participants have transitioned to at least a partial remote working and/or selling. On a positive note, we have all found it fun to enter people's home and be welcomed with the same hospitality that we would ...
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Dear Members, prospective Members, and Partners of AchieveNEXT’s CFO and CHRO Alliance Peer Advisory Networks, Your health and safety are our top priority during this current crisis. We recognize the heightened concern and are providing support to our Members, as well Finance and HR leaders at large, with additional opportunities for you to connect and collaborate , virtually throughout the months of May and June, 2020 . We are fortunate that our Alliance Networks model provides us the opportunity to utilize our online platform and robust discussion groups to connect virtually, providing you with access to insights and solutions ...
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The discussions in the AchieveNEXT Networks were focused this week on looking forward .  Now that the Payroll Protection Plan (PPP) applications were mostly completed, most of the CFOs, CHROs and other executives we spoke with were focusing their attention on adjusting for future business activities and engagements. Over the last 2 years, our Members began to debate the usefulness of the Annual Budgeting Process. With increased access to real-time data and reports at our figure tips, quarterly forecasts seemed the best way to go. Over the last few weeks in the midst of the COVID-19 crisis, everyone I have spoken with is tearing up their annual budgets ...
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Dear Members and Partners of AchieveNEXT CFO and CHRO Alliance Peer Advisory Networks, Helping our Alliance Networks Members and Partners get and stay connected to each other is core to who we are. Yet today we find ourselves dealing with an unprecedented situation. The impact of the COVID-19 pandemic has been intense for all of us over the past weeks. All of us have been asking questions which would have seemed unthinkable:  How can we ensure that our families and friends get through this safely and without harm? How can I best protect the people and relationships that matter most to me? How do we keep ourselves and our businesses running and productive, ...
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We are living in very disruptive times - AchieveNEXT Human Capital Never has the VUCA acronym (volatility, uncertainty, complexity and ambiguity) had more importance. But with that comes opportunity to really examine our enterprises, our people, and our culture to ensure that we stay true to who we are - not only in times of crisis, but when that crisis passes. The coronavirus has caused almost all enterprises to have to pivot in one way or another. Whether a disruption in supply chain, travel restrictions, or addressing employee and customer concerns, minimizing the impact to business operations and talent performance is at the forefront. It is even ...
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This week marked the start of our new Q1 Peer Advisory Group Meeting Series! On 2/12 we kicked it off on the East Coast where CFOs and their peers gathered in King of Prussia, Philadelphia, New York, Bethesda, and Washington D.C. to share insights, experiences, and best practices.  Operational efficiency is the theme for this first series and how best to ensure that you and your teams have the most critical capabilities and operational efficiencies required for successful cross-functional collaboration in driving profitable employee and customer-experiences in 2020. A few of the discussion questions that were brought up during the meeting include: How does ...
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Women make up more than half of the workforce in financial services firms, but fill only about 20% of the leadership roles. In fact, they only account for a mere 5.4% of CEOs at S&P 500 companies. A recent article, “Within Reach?” , written by Deloitte, focuses on achieving gender equity in financial services, specifically women in financial leadership roles. Women leaders are an important asset because they often bring a different approach, and help drive innovation, increase productivity, and boost profitability. Enterprises today prioritize diversity among their employees because they are beginning to understand the business impact of a diverse and, ...
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The 2020 Annual CFO / CHRO Sentiment Study is now here! More than 600 Finance and HR leaders from across North America participated in this year's CFO /CHRO Sentiment Study, offering in-depth perspectives on how they plan to drive growth and performance for their enterprise in the face of modest risk of recession, escalating talent shortages, and increasing technology-driven disruptions to industry, business model, and cultural norms in 2020. This Study captures the sentiments and intentions of The CFO Alliance , the leading peer advisory network, powered by AchieveNEXT , they power for more than 8,000 Finance leaders representing middle market and ...
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Goldman Sachs and a team of the bank's economists, led by Jan Hatzius, released their predictions for the US economy in 2020.  Our CFO Alliance Members discussed and debated these findings throughout our Q4 Series.  Here's what the economists had to say: The US-China trade war to subside and consumer spending to remain strong, offsetting weak business investment which will in turn cause growth to accelerate. Growth is expected to accelerate to 2.25-2.50%. Unemployment will drop to its lowest level since the Korean War. The bank is forecasting unemployment to hit 3.25% by the end of 2020. More jobs will continue to be created and ...
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Did you know within the first 24 months of appointing female CFOs, companies saw, on average, a 6% increase in profits and an 8% better stock return , compared to performance under male predecessors? That's right, women are positively impacting the workplace as we know it. Check out this article posted on Bloomberg which provides more insight on how women are succeeding in their roles as CFOs.  Yvonne McGinley, CFO of Griswold Home Care and CFO Alliance Global Advisory Board Member read the article and commented: "Less than 15% of CFOs in US businesses are women. Those women who have attained the CFO role tend to have a different mindset. They had to ...
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Our Q3 Roundtable Series has concluded! Thank you so much to the finance leaders who came together over the past 4 weeks and shared their insights with a room of their peers in 13 markets across North America . Th e Q3 Roundtable S eries focused on how CFOs can mitigate risks that stall growth within your enterprise . During the series, CFOs and Finance Leaders discussed how to better recession-proof their business, manage employee risks, and deal with margin compression. Each Roundtable discussion brought different ideas to the table; finance leader s left with enhanced knowledge and understanding on three key areas of focus: ...
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The CFO Alliance is over halfway through its Q3 2019 Roundtable circuit and one thing is for certain…when discussing risk mitigation, the conversation always comes back to people . We are excited to share Mercer’s (a CFO Alliance National Partner) Global Talent Trends for 2019 . As we continue to move forward into the future, employee expectations, government policies, and technology will reshape the workplace as know it. With that being said, more than half of executives expect AI and automation to replace one in five of their organization’s current jobs. However, this isn’t all negative because the implementation of AI and automation will allow 58 ...
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WAYNE, Pa., September 9, 2019 (Newswire.com) -   The CFO Alliance, a leading peer advisory network for more than 8,000 CFOs and qualified finance executives from middle market and emerging enterprises, released its annual   2019 Executive Compensation and Culture Study , powered by Insperity and AchieveNEXT. The sixth annual benchmark Study surveyed more than 200 CFOs, CHROs, and executives of mid-sized organizations, both public and private, across North America. This Survey is unique in that it not only benchmarks salary data but also allows enterprises to benchmark the design and types of short- and long-term compensation programs offered, including ...
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As we continue to navigate an increasingly noisy, complex and disruptive business, economic and social environments, one of the top pillars of a CFO's responsibilities remains Risk Management. From overall financial management to the oversight of HR and IT, a fractional or full-time CFO is the first line of defense in establishing and maintaining adequate risk management and mitigation for today's emerging and middle market enterprises. As we sprint through 2019 and look ahead to 2020, it is clear that risk comes in many forms - from lack of internal controls, to cybersecurity, to employee risks. The CFO is charged with understanding and mitigating the risks ...
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Now that we are over halfway through 2019, there has been a lot of speculation about the trajectory of the Global economy and the performance of enterprises in every industry. With so many voices releasing statements about the status of the economy and revenue growth potential for the remaining part of the year, it is difficult for CFOs to know what their peers are genuinely feeling. That's what makes our annual Study unique in its value; the  2019 Mid-Year Update to the CFO Sentiment Study  includes the genuine sentiments of over   200 senior financial executives from across North America, offering in-depth perspectives on how they are delivering on changing ...
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Now six weeks into my Summer Co-Op with The CFO Alliance, I have learned that while some 'old-school finance professionals' may think that the CFO's increasing focus on innovation exceeds the boundaries of the CFO’s responsibility, most of our CFO Alliance Members would strongly disagree.   I have been actively participating in our CFO Alliance Community activities and have gained so much knowledge from the discussions, the case studies, and from the Special Task Forces who are collaborating on best practice Reports by CFOs, for CFOs. The most recent group of Members have just released the latest Report --  The CFO’s Role in Understanding, Enhancing, and ...
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As we move into July, I wanted to take a moment to both reflect back on the 1st half of the calendar year and look ahead to the remainder of 2019 and the sprint to 2020.   The 1st half of the year brought together CFO Alliance Members, prospective Members and select Partners for robust discussions on a number of the key pillars driving their individual and enterprise performance in 2019, including their ability to tackle these eight (8) critical areas of opportunity and issue: CFOS ARE EXECUTING THE STRATEGY & MEASURING SUCCESS - Continued advancement and evolution of the role of the CFO means increasing impact across the enterprise. This year again, ...
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