Treasury: Cash and Capital Management

Strategic cash and capital management are critical for businesses that need a solid foundation on which to build a profitable future. CFOs handle responsibilities from investing assets to managing risk to overseeing the business’s capital structure, and they do this while balancing today’s needs with tomorrow’s demands. Discover how to implement treasury best practices in your business.

What is the First Step on the Road to CFO Success? And How Do We Get There?

We all know the answer to the first question. Believe in yourself. So, the follow-up question is how do you come to believe in yourself? I am a firm believer that preparation to perform a task or role is what builds the belief in our ability to successfully accomplish the task or role. I’ll bet you believe that too. Ok, how can you plan the…

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The First 101 Days of a Successful CFO

Since the 1st edition of this article was published two months ago we have received many thoughtful additions to our list of components identified in the original article. These additions fell into 5 main categories: · People, · Leadership, · Controls, · Operations and · Technology. Some had to do with the original article not effectively emphasizing certain components. Others were straight up, great new…

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Why Give More than We Take?

We work our whole life to acquire things. Yet, when our physical being perishes we go empty handed. I guess that is what drives many of us to believe in an afterlife. When we die our legacy in this life becomes the yardstick we are measured by. Most of us hope our legacy includes being remembered as a giving person. My concept of a giving…

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Why Failure Isn’t About Losing

Will you join me in discussing some problems I have with the way we interpret the word failure?  Failure is a noun defined by the Merriam-Webster dictionary as: 1. omission of occurrence or performance 2. lack of success 3. a falling short 4. one that has failed The term failure as used in business, sports and relationships is almost always associated with a bad happening. …

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CFO Success Series: Treasury Part 3 – Equity

In their eagerness to get to market, companies may be rash in selecting financing and take the first solution they come across. A sound financing strategy is one of the most important pillars of corporate growth, and – done well – it can benefit your company long into the future.

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CFO Success Series: Treasury Part 2 – Debt Financing

Companies seeking capital need to plan and shop wisely. Not doing your homework or making the wrong choice may leave you empty handed, burdened with unnecessary costs or shackled with the wrong capital structure for years to come. Earlier this month, in Treasury Part 1, we wrote about capital planning for your business.  The planning process will identify how much outside capital you expect to…

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CFO Success Series: Treasury Part 1- Capital Planning

Capital is the lifeblood of any business. Paying for talent, equipment, marketing, inventory and other critical activities all require cash. Having a plan for securing capital well before the need arises is a key responsibility of a CFO. Without a funding strategy you may miss out on fleeting opportunities.  Worse yet, even profitable, growing businesses fail because they run out of cash. Capital Planning The…

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Innovating Your CFO Activities

Innovating the Accounting, Finance and Treasury (AFT) Functions Double entry bookkeeping is a concept that is over 500 years old. You might ask, “What can we learn about innovation from an industry that old?” A seminar conducted by KRM and the endersgroup at a Vancouver company focused on innovating AFT activities. The seminar provided a great example of an AFT team that is taking the…

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The Defining Attributes of a Successful CFO: Leadership

Leadership seems to be one of those traits defined by “You know it, when you see it.” I have met a CFO who was the brightest lightbulb in the room but could not lead their business to the light switch. I have also met a CFO who didn’t seem to work that hard and wasn’t a rocket scientist but was able to move mountains in…

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The Defining Attributes of a Successful CFO: Treasury

In our third installment of Defining a Successful CFO we are covering the “Show Me the Money!” attribute, Treasury. This key pillar of the CFO function provides the fuel and discipline to manage and grow a company’s capital base. If you missed Attribute #1 Accounting: the acts of Recording, Reporting and Governance or Attribute #2 Finance: the acts of Planning, Forecasting and Investment Analysis. We…

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