• Transformation – it’s a term that has been used for many years to describe any changes being adopted in businesses to make them more effective and efficient.

    In the case of finance transformation, it’s often talked about in terms of re-engineering people, processes and systems to reduce costs, reduce cycle time, and make finance more strategic, ‘transforming’ it from a back-office scorekeeper function to a true business partner to the CEO and to the organization.

    This topic is so broad, I’ve divided the information into two articles. In this part, I touch on the traits of modern CFOs, then

    Posted by on March 29, 2016
  • Most Finance departments want to play a more strategic role in their organizations.  And in many organizations, upper management wants the Finance department to step up and lead in terms of strategy.

    But this role for Finance isn't becoming reality in most businesses. The key to becoming a strategic leader is "Finance Transformation". What is it? Why aren't Finance departments embracing it? More importantly, what can be done about it?

    What is Finance Transformation?

    The Finance department must learn to move beyond simply processing transactions and delve into planning and forecasting.

    Posted by on November 11, 2015
    Topics: Finance
  • What does it take to transition a small but growing publically-traded business into a rapidly growing privately-held business?

    That's a good question, and one that the folks at Peet's Coffee & Tea is more than capable and willing to discuss. Peet's went through this process, and came out a winner. Founded in 1966, Peet's went through an IPO in 2002. The business continued to grow, though not as fast as possible, until 2012, when it was taken off the public market and bought by private investment firm JAB Holding Company for just shy of $1 billion.

    Peet's Coffee has four different business

    Posted by on October 21, 2015
    Topics: Finance