Secrets to Steering Your Company with Greater Impact
15
Secrets to Steering Your Company with Greater Impact The journey to proactive financial management Tony Lael Executive Vice President CoreConnex, Inc. [email protected]
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Tony Lael presents
Transcript of Secrets to Steering Your Company with Greater Impact
Secrets to Steering Your Company with Greater Impact
The journey to proactive financial management
Tony LaelExecutive Vice PresidentCoreConnex, [email protected]
Poll
• How frequently do I review financial performance with a formalized process to define critical priorities for our business?
Where do I start?
assess management priorities
Where do I start?
get the financial picture
Where do I start?
decide on your business future
It’s so easy…
… to set up and review monthly
1 2
Beta - Other Accounting SystemsQuickBooks
MYOB – Planned Jan 2011
3
It’s so easy…
… to establish financial goals
It’s so easy…
… to see trends in performance
… to steer your business
Indicators warnGoals / Forecasts set pace Details show trends
It’s so easy…
Guide priorities and decision making…
Close Books
Update
Corelytics
Review Performance Define
Priorities… and an owner
for each
Proof is in the Pudding
Gross Margin up 7.3%
Payroll-to-Revenue Ratio at 4.17 (2.5 is optimal)
AR Days down 32%
Quick Ratio up 2.14 (to 4.56)
Profit up 43%
Remember this!
1. Establish priorities and get the financial picture
2. Decide where you want to take your business
3. Stick to a 30 Minute Monthly Action Plan
30 Minutes a Month
Get Started
Signup at www.coreconnex.com/sign-up
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