CFO STRATEGY MEETING
April 22, 2021 | Midwest | Virtual Event
A Knowledge Exchange Program for Corporate Finance Leaders
Discussion based gathering of CFOs, Treasurers, and SVPs/VPs of Finance from the largest enterprises in North America
Participate in 4-5 hour long discussion groups, selected from over 20 topic-specific options that fit your priorities and challenges
Each group will have 12-16 financial executives in attendance and will be led by a Fortune 1000 CFO
Opportunity to identify leading vendors that match your current and future planned initiatives through networking engagements
WHAT IS THE STRATEGY MEETING?
The CFO Strategy Meeting is s discussion based gathering on Finance leaders from the largest 2000 public and private companies in North America. The event is invite only and attended strictly by CFOs, Treasurers and SVPs/VPs of various Finance responsibilities.
WHY IS IT UNIQUE?
Why is it unique? As opposed to a traditional conference setting with a speaker-audience format, the discussion group environment demands group participation which leads to a sharing of ideas and solutions at multiple levels of implementation.
Each CFO is engages with 2-3 vendors on average through networking introductions. Engagements are based solely on mutual interest and a pre-event evaluation process.
DISCUSSION TOPICS INCLUDE:
Enterprise Resource Planning (ERP) Systems
- Impact on system upgrades, focused on the General ledger
- When is it time to upgrade?
- Is it best to go with an ERP or a patch work of supporting systems?
When is the Best Time to Sell the Company?
- Company’s current value
- How to increase the value before the sale
- How to structure the sales
Finance and the Future of IT
- Change within Finance
- Change within IT
- Funding options
Activity-Based Cost Management (ABC)
- Activity Shift from managerial accounting to ABC
- Can ABC create truly accurate, fact-based measures and visibility to costs?
- Does “predictive accounting” for capacity-sensitive driver-based budgets / rolling financial forecasts, what-if analysis, and outsourcing decisions add value?
Internal controls in the arena of digital finance
- Avoiding financial reporting risk without overly reducing the speed of implementation and processing
- Ensuring your organization has the right controls around robotic process automation (RPA)
Return to Work in the COVID Environment
- Risk Management
- Remote employees
- Shedding office space
Cash Forecasting, Do I have Enough in the Current Environment?
- 13-week forecast is not sufficient
- Understanding working capital limitations and in advance and adjusting accordingly
- Sourcing additional working capital
Capital Equipment Funding
- Buy or lease analysis
- Sale lease back of current equipment, raising working capital
- Impact of Accounting Standards Update 2016-02 Accounting for leases
- Central services rather than dispersed throughout the organization
- Digital impact and support of shared services
- Buying teams and approaches, including reverse auctions
COSO Framework of Internal Controls
- Three categories of the COSO framework internal control objectives: Operations, reporting and compliance
- Continuous and ongoing process, reliant upon activity, not only written policies and procedures
- Improved reliability for management