In many organizations there's a mischaracterization between employees and leadership. Employees think leaders are living in luxury as a company grows or succeeds, and meanwhile leaders are wondering how they'll make payroll because expenses are increasing. One way to create better direction, trust, and clarity is by developing a culture of financial literacy and transparency. Stacey Frye from ProCFO Partners shares how opening the books can positively transform an organization. Learn how when employees understand the stakes better they can be incentivized to perform better, and how one company doubled income in a particular business unit simply by not "giving away" what at one time felt inconsequential to employees.

Create The Next is delivered to you from ProCFO Partners. Every week, we explore strategies and ideas for financial management and growth to help today’s businesses put their financial picture in context. ProCFO Partners are expert financial officers networked across industries, verticals, specializations and situations. Fulfilling the role of a part-time CFO with all-time commitment, ProCFO Partners utilizes the innovative and exclusive FGC Financial Flywheel as a framework that creates momentum to drive your financial functions for sustainable success. Visit procfopartners.com to explore how we can implement a systematic and scalable financial system to help you achieve your goal.