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According to our CFO Alliance National Partner, Mercer, and their 2018 Mercer National Survey of Employer-Sponsored Health Plans, employers said that their number one strategic priority for the next five years is ‘monitoring/managing high cost health care/benefits claimants.'  This is not an easy task to undertake in 2019, and those Middle Market employers (those with 200 – 5000 employees) who have been utilizing a multi-year strategy to manage their health plan costs are now facing a new breed of super-tall trees  that they had thought could be conquered by their stop-loss insurance coverage:  the ever increasing costs of drug protocols.   Mercer is seeing ...
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As we prepare to kick-off our Q2 Executive Roundtable Series:  Getting It Right:  How CFOs Unlock Value With Technology ,  I think that it is important that CFOs consider the concept of critical mass when it comes to the adoption of new technology.  Let's all agree that change is not easy, especially when it comes to changing technology that drives your business.  However, if you think about it, every piece of technology which is now (or once was) a critical part of our personal and professional lives was once new and novel.  With this in mind, one of the most critical steps a CFO can undertake when developing the decision, implementation and adoption plan ...
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Introduction As Peter Drucker once said, “ you can’t manage what you can’t measure .”  Establishing priority goals and objectives is only half the battle – stakeholder accountability is essential to delivering outcomes on plan, and regular business reviews are a proven method to measure performance and progress.  Effective business reviews require all accountable executives to be in attendance and ‘present’ with a clear and consistent agenda serving four (4) core purposes: 1) Provide transparency to progress 2) Provide clarity to performance 3) Drive accountability 4) Create a culture of collaboration and problem solving CFOs have the opportunity ...
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Digital Transformation for CFOs Digitizing your Financial Close Process By   Carlos Catalan Citrin Cooperman’s holistic view of the financial close process starts with the recording of transactions to sub-ledgers and continues through all the activities required to ultimately produce and review your financial statements. This is one of the most important and critical processes for a company. The complex relationship between finance systems, processes, and people can slow down a company’s growth and operations and limit opportunities to improve customers’ experiences. Improving the close processes, using systems that ...
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As we sprint through the end of Q1, 2019 and we end our CFO Alliance Q1 Roundtable Series on The CFO's Talent Mandate:  Linking Talent to Value in 2019 , with finance leaders gathering in San Mateo, CA, Walnut Creek, CA, and in Orange County, CA this week, it has become increasingly clear through our discussions that CFOs can increase employee engagement and performance by embracing a collaborative and communicative approach to goal-setting for the employees that they manage and lead.  However, our discussions have exposed deficiencies in employers' overall ability to engage employees with said goals.   Let's start with the Good :  Almost all CFOs would ...
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As our CFO Alliance Members continue to gather around North America to discuss THE CFO’S TALENT MANDATE - LINKING TALENT TO VALUE IN 2019 , with groups of finance leaders gathering this past week in Denver, CO, in Chicago, and in Oak Brook, IL, it has become increasingly clear that the rapid pace of digital and technology innovation has greatly impacted generational performance in the workplace.  At the same time, sterotypes about millennials in the workplace have also become the new norm.  However, as Crystal Kadakia, author of  The Millennial Myth points out many of the behaviors being tagged to millennials (By the way, millennials are typically defined ...
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While nearly 3/4 of the finance leaders who participated in the 2019 CFO Alliance Sentiment Study have committed their enterprises to increased top line revenue this year, more than 45% of them also note that this will be their enterprise's greatest challenge.  This means that sales & sarketing will remain 'center stage' as CFOs will continue to seek, train, develop, and deploy talent and solutions with FP&A capabilities throughout the enterprise so that they can effectively measure the ROI (Return on Investment) and the ROO (Return on Objective) for the investments their enterprises are making to drive sales and marketing.  CFOs are not leaving this ...
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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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