The systems and processes that run your business can consist of spreadsheets to software, notepads to networks. As we start out, we might depend on manual processes, free or cheap services, or essential knowledge that's known only to a few. Problems come up when our systems don't keep pace with business growth, and we sacrifice innovation for manual labor. It's not just wanted time, resources, and ultimately money that is the consequence - customer experiences can suffer, opportunities for insight and growth can be overlooked, and leaders can be stuck in the weeds of running the business. In today's episode Gerry Quinn talks about optimizing systems and processes, including the importance of having a single source of truth with information, how you know when it's time for a change or upgrade, and how your CFO should be involved for strategic success.
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.