manage the business by the numbers
Post on 21-Oct-2014
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DESCRIPTION
Your Financial statements are your only scorecard. They record every transaction. Each transaction in turn is as a result of a decision. Having command of your financial statements empowers you to enhance the way that you make decisions.TRANSCRIPT
Manage the business by the numbers
Global Financial Bridgewww.gfbridge.com
Answer important business questions
Measure the financial statement impact of past and future decisions.
Identify waste and how performance will improve with waste elimination
Reduce the RISK of the wrong decision
Answer important business questions
How strategy can be measured in your financial statement
Communicate how volume impacts cost
Know the cost of margin destruction
Quantify how hungry your balance sheet is
5 numbers integrated into a story
Growth Balance
sheetProfit
Cash
Value
All within a One Page Scorecard
Full What if – Measure how changes impact profit cash & returns
30 Second income statement balance sheet and cash budget fully automated
Consolidate periods to project what the full year will look like
Crete a performance management
discipline
8
Annu
al D
isci
plin
e
Internal Perspective
Benchmark Annual
Budget
Accountability
Performance milestones
Qua
rter
ly A
lignm
ent
Mon
thly
Hea
lth T
est
Core competency alignment
Forecast Expected year end
GFB Integrated Performance Management System
9
Frequently asked questions
?How easy is it to upload data into the CFO database? Incredibly easy. We have a simple way that integrates with Excel and once you have done it once CFO remembers your mapping for instant future integration
?Do I need an IT department to manage this tool? No. CFO is downloaded on your desktop within 60 seconds and instantly ready to use
?How current and how accurate is the benchmark data? CFO provides a fixed format driven by the association for benchmarking, thus ensuring consistency and accuracy.
?What does CFO run on? CFO is developed in Delphi and runs on all current windows operating systems
?How many CFO users are there? Over 300 different companies and over 150 CPA firms.
?How is the benchmarking integrated with our financial statements?. Done within the CFO One Page Scorecard
?What is the training requirement and how is it delivered?. CFO users are up and running after the first 1 hour web training session.
?Can we tailor the benchmarks for my industry and segment? Yes CFO provides for specialized benchmarking . For example you may part of an Electrical Distribution Association but you specialize in commercial large contract work CFO can provide a benchmark with other business that have the same specialization
?How secure is my data. CFO encrypts your data before it is submitted to the CFO benchmark portal. The benchmarks submitted to users are encrypted, translation is done inside CFO on your desktop .
What we doDeliver the GFB software with training
Perform a business health test on your financial statements with GFB software and training
Deliver the Financial Performance Management system