Every high-performing finance team must be focused on helping their organisation get future ready. By future ready, we mean an organisation that is fast and light on its feet, able to react quickly to events as they unfold. We mean an organisation that is nimble through utilising world best practice, an advanced adopter of leading edge technologies and with modern people practices that abandon the broken, ill-conceived management practices of the past.
The issue, however, is that many finance teams are far from future ready. In truth, how many finance teams are satisfied that they have:
- Fully embraced all the lean best practices to be future ready?
- An annual planning process that helps their organisation get future ready?
- Successfully adopted the tried and tested leading edge technologies now available in the 21st century?
This unique implementation toolkit comprise my latest thinking on the subject matter. The toolkit contains 110 pages designed to help readers to implement quick wins that will save the finance team over 30% of their time and free them up to become more strategic. The toolkit comes with electronic media, eg: formats, templates, and workshop agendas to assist in swift implementation. I have spent around US$50,000 developing and updating this toolkit. I guarantee, you will save many times the cost of the toolkit.
This whitepaper is updated at the time of purchase by David Parmenter ensuring that it contains his latest thinking. The e-templates are emailed with the paper.
Please click here to look inside the toolkit (PDF whitepaper+e-templates)
Why you need this toolkit:
- How the lean movement will enable your team to be more strategic and future proof
- The eight types of waste finance teams need to avoid
- Toyota’s 14 management principles that finance teams can adopt e.g. making innovation a daily activity
- report month-end results faster – inside 3 working days
- Lean reporting – fewer reports, more reports on one page, more focus on daily and weekly reports
- Performance measures that are anti lean — the dark side of KPIs
- Kaizen — understand how to apply continuous improvement and innovation in your daily activity
- Why closing on a 4- 4- 5 week basis is lean
- How to lock your annual plan cycle into a two week time frame
- How to get your annual accounts signed off in 3 weeks post year end
- Quick ways to reduce accounts payable volume by 60%
- Quick wins that will save the finance team over 30% of time
- reduce your chart of accounts to less than 50 P/L accounts
- How to post-it re-engineer a process
- Apply lean methodologies to give you instant results (Scrum, Kanban)
- Selling and leading change (including an introduction to John Kotter’s work)
- The next steps to take in the following five weeks
This whitepaper will answer the following questions:
- What is a rolling forecast?
- What does a rolling 4,6 forecast mean?
- Why is Excel not appropriate for rolling forecasting and reporting?
- What is a fast close month end process?
- What are the steps for a fast close?
- What are the leading practices and priorities of the finance teams of the world’s best performing companies?
- What features should be in the finance function to meet tomorrow’s challenges?
- What do best in class finance functions do?
- How do I restructure my finance team?
- What tasks should I undertake to transform my finance team?
The electronic templates include:
The Word + Excel templates:
- Draft letters and memos
- Rules for a bulletproof presentation
- A PowerPoint presentation checklist
- A finance team user satisfaction questionnaire template
- An over’s and under’s schedule and template
- Month-end reporting rules for the finance team
- A one page month-end flash report for the CEO
- Lists of technology software providers
- Over 20 finance team reporting templates
- One page month-end report to the CEO
- One page board dashboard
- One page investment proposal
- Weekly list of overdue projects
- One page annual plan for a business unit
- Sales forecasting template
- Travel and accommodation calculator template
- Re-engineering month-end workshop agenda
- Month-end cost template
- Annual planning cost template
- Year-end accounts cost template
- Value stream accounting templates
- Rolling forecasting timetable
- Annual planning timetable
- Rolling forecast one page report
- KPI report templates
- Cost of downsizing template
- 14 great interview questions
- A list of common operational success factors
- KPI team leader job description
Finance Team checklist
- Planning tool selection and implementation schedule
- Month-end reporting checklist
- Implementing technologies checklist
- Implementing a new general ledger checklist
- Reduce accounts payable checklist
- Lean reporting checklist
- Lean board reporting checklist
- Annual planning checklist
- Planning focus group agenda
- Annual planning workshop agenda
- Re-engineering instructions for annual planning
- Re-engineering instructions for year-end
- Invitation to post it re-engineering session
- Working smarter checklist
- Agenda for a finance team off-site meeting
- 15 week program to lock in good leadership habits
- Year-end reporting for the finance team
- Year-end accounting checklist
- Agenda for a quick year-end workshop
- Accounts receivable checklist
- Evaluation project team member’s checklist
- Implementing quarterly rolling forecasting checklist
- Performing a quarterly rolling forecasting checklist
- Planning tool supplier evaluation checklist
- Implementing KPIs checklist
- Developing winning KPIs checklist
- Performance pay scheme checklist
- Takeover or merger scorecard
- Reorganization checklist
The PowerPoint templates
- A strategy PowerPoint slide deck
- Selling KPIs in your organisation
- Selling quick month-end reporting
- Selling a quick annual planning process
- Selling the change from annual planning to rolling planning forecasting