How CFO's Can Optimize Cash Flow

Quick Notes:

Many of our small business clients struggle with a major portion of business: CASH FLOW. What is our Financial Services division doing to help?

CFOs are now tasked with doing more with less to improve profitability!

• CFOs have historically worn 3 main hats:

  • Systemic strategist

  • Change champion

  • Tactical technician

• New times, new needs:

  • Data gathering

  • Benchmarking

  • Optimization

  • Leveraging new technology

DATA GATHERING

• CF Optimizing CFO must build a 13-week cash flow model. Then build KPIs to understand which drivers are the most important to the business. Iris Financial offers a 16-week cash flow management document!

• Cost Reduction

  • All things operating expenses

• Revenue and Margin Enhancement

  • Customers, competitive outlook, effectiveness of sales

• Working Capital Optimization

  • Inventory, capital, AR/AP, Credit

BENCHMARKING

• Our Financial Services division offers industry comparisons with data that updates every 6 months!

OPTIMIZATION

• With current stats, benchmarks, and a prioritized list of focus areas, the CFO can launch a transformation management office to guide improvement. This cross-functional leadership team will task specific individuals with specific responsibilities and a timeline they can operate against. Progress is tracked, and value creation is calculated.

LEVERAGING NEW TECHNOLOGY

• This can often scare our clients! Our job is to maintain familiarity with how new AI creations could affect you and your industry directly to be set up for success as these new challenges arise!

If you feel like you could use a strategic partner as you enter into Q3 of 2023, please follow the link below to hear more about what we offer!

https://www.cfo.com/news/how-cfos-can-optimize-cash-flow-4-steps/686817/

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