Manage the cash conversion cycle so that cash can be directed toward company growth and increasing shareholder value. Working capital is the lifeblood of every organization. The excess of current assets over current liabilities, it has the power to create or destroy value for shareholders.
See my most recent article, Free Up Cash: Manage Working Capital in Strategic Finance Magazine on the topic of working capital management.
See my most recent article, Broken Budgets? in Strategic Finance Magazine on the topic of planning, budgeting, and forecasting. The piece details a new approach that transforms PB&F into a powerful tool for executing your business strategy and informing company leaders, leading to better business decisions.
Misinformation, inequities of and unequal access to information are significant trust breakers for global teams. Critical information must be available to everyone on the team.
Before the team meeting, ensure that everyone has the agenda and equal access to information that will be used during the meeting. Too often, remote team members do not receive information provided to local team members. Avoid the temptation to communicate more often or delegate more responsibilities to local team members.
Source: Renita Wolf, “Leading Global Financial Teams”, “IAPP Newsletter”, October/November 2001.