Controllers and Global Manufacturing Conference 2018

CAM1811 - Manufacturing Announcements & Introduction & Seven Practices Finance Must Change to Live Future Ready

Nov 15, 2018 9:25am ‐ Nov 15, 2018 10:45am


Most finance professionals seek to add strategic value to their organization both individually and as a function. Yet, in many cases fall short because many traditional finance practices are inadequate for today’s 21st Century world. Simply stated, “It is time for finance to stop doing dumb stuff!”

It is not about trying harder or doing better. The focus needs to be understanding why long used practices like standard costing, individual incentive bonuses, annual budgets, and monthly variance explanations lead to frustration and exhaustion. This session will explain seven finance practices that are no longer fit for purpose and what you can replace them with to add the value your organization needs.

Come see how you can help your organization Live Future Ready.

Learning Objectives:

  • Examine why many traditional finance tools are no longer fit for purpose in today’s 21st century environment. Understand why the typically fail regardless of how diligently teams prepare them.
  • Explore advances practices that have been discovered that overcome the critical weaknesses in traditional tools to see how leading edge companies are overcoming the traditional problems
  • Evaluate what your finance organization needs to do to help your company to Live Future Ready even though uncertainty remains


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