- CFO Talk: Crossing the Chasm in Times of Chaos with Lynn Sheehan
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- Welcome to CFO Talk. Joining us today is Lynn Sheehan, Founder and CEO of Evolve Strategic Ventures, a business transformation firm based out of Vancouver, Washington. Lynn has a degree in laser and optical engineering. He spent eight years in the fusion program at Lawrence Livermore National Laboratory in California. Before starting Evolve in 2017, he worked for a number of well-known and successful tech companies. I’m excited to share Lynn’s message Crossing the Chasm in Times of Chaos with our member scholars. Welcome Lynn. It’s great to have you on our show.
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- Critical Data Elements – How to Implement Them for Your Business
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- Recently, the concept of critical data has caught the attention of data management professionals. I myself was no exception, so I decided to dive deeper into this subject and do some research. In this article, I would like to share some results of my research and my experience with: …definitions of critical data and critical data elements (CDEs) …reasons to use CDEs …key challenges with CDEs in practical implementation.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
