{"version":"1.0.0","segments":[{"speaker":"Stephen McLain","startTime":7.14,"endTime":9.03,"body":"I'm talking"},{"speaker":"Stephen McLain","startTime":7.14,"endTime":9.03,"body":"about monthly close on the"},{"speaker":"Stephen McLain","startTime":9.03,"endTime":10.17,"body":"episode this week."},{"speaker":"Stephen McLain","startTime":12.61,"endTime":15.07,"body":"I am passionate that our"},{"speaker":"Stephen McLain","startTime":12.61,"endTime":15.07,"body":"processes never become"},{"speaker":"Stephen McLain","startTime":15.07,"endTime":18.82,"body":"complacent that we continue to"},{"speaker":"Stephen McLain","startTime":15.07,"endTime":18.82,"body":"improve and ensure our monthly"},{"speaker":"Stephen McLain","startTime":18.82,"endTime":22.99,"body":"closed process and briefing"},{"speaker":"Stephen McLain","startTime":18.82,"endTime":22.99,"body":"products or value added and that"},{"speaker":"Stephen McLain","startTime":22.99,"endTime":26.2,"body":"we help our senior leaders do"},{"speaker":"Stephen McLain","startTime":22.99,"endTime":26.2,"body":"their jobs better, because we"},{"speaker":"Stephen McLain","startTime":26.2,"endTime":30.07,"body":"provided value added analysis"},{"speaker":"Stephen McLain","startTime":26.2,"endTime":30.07,"body":"that gives everyone an improved"},{"speaker":"Stephen McLain","startTime":30.1,"endTime":33.79,"body":"picture of last month's"},{"speaker":"Stephen McLain","startTime":30.1,"endTime":33.79,"body":"performance. Enjoy the episode."},{"speaker":"Stephen McLain","startTime":33.94,"endTime":37.0,"body":"Welcome to the finance leader,"},{"speaker":"Stephen McLain","startTime":33.94,"endTime":37.0,"body":"podcast or leadership is bigger"},{"speaker":"Stephen McLain","startTime":37.0,"endTime":41.17,"body":"than the numbers. I am your host"},{"speaker":"Stephen McLain","startTime":37.0,"endTime":41.17,"body":"Stephen McLain. This is the"},{"speaker":"Stephen McLain","startTime":41.17,"endTime":45.25,"body":"podcast for developing leaders"},{"speaker":"Stephen McLain","startTime":41.17,"endTime":45.25,"body":"in finance and accounting. This"},{"speaker":"Stephen McLain","startTime":45.25,"endTime":49.87,"body":"is episode number 28. And today"},{"speaker":"Stephen McLain","startTime":45.25,"endTime":49.87,"body":"I will discuss the importance of"},{"speaker":"Stephen McLain","startTime":49.87,"endTime":54.13,"body":"improving the monthly closed"},{"speaker":"Stephen McLain","startTime":49.87,"endTime":54.13,"body":"process. And I will discuss"},{"speaker":"Stephen McLain","startTime":54.13,"endTime":59.38,"body":"three areas. Number one, does"},{"speaker":"Stephen McLain","startTime":54.13,"endTime":59.38,"body":"the process Make sense? Number"},{"speaker":"Stephen McLain","startTime":59.38,"endTime":65.08,"body":"two, let analysts be analysts."},{"speaker":"Stephen McLain","startTime":59.38,"endTime":65.08,"body":"And number three, your briefing"},{"speaker":"Stephen McLain","startTime":65.08,"endTime":68.92,"body":"slides should tell a story. This"},{"speaker":"Stephen McLain","startTime":65.08,"endTime":68.92,"body":"episode will not be a technical"},{"speaker":"Stephen McLain","startTime":68.92,"endTime":72.67,"body":"lay down on monthly close but"},{"speaker":"Stephen McLain","startTime":68.92,"endTime":72.67,"body":"where leaders need to step up to"},{"speaker":"Stephen McLain","startTime":72.67,"endTime":76.15,"body":"make sure that monthly close is"},{"speaker":"Stephen McLain","startTime":72.67,"endTime":76.15,"body":"value added. It's about"},{"speaker":"Stephen McLain","startTime":76.15,"endTime":79.57,"body":"leadership and making sure our"},{"speaker":"Stephen McLain","startTime":76.15,"endTime":79.57,"body":"processes make sense."},{"speaker":"Stephen McLain","startTime":79.6,"endTime":83.77,"body":"Tillman Fertitta, the owner of"},{"speaker":"Stephen McLain","startTime":79.6,"endTime":83.77,"body":"the Houston Rockets said, Don't"},{"speaker":"Stephen McLain","startTime":83.77,"endTime":87.49,"body":"ever let your business get ahead"},{"speaker":"Stephen McLain","startTime":83.77,"endTime":87.49,"body":"of the financial side of your"},{"speaker":"Stephen McLain","startTime":87.49,"endTime":91.09,"body":"business. Accounting,"},{"speaker":"Stephen McLain","startTime":87.49,"endTime":91.09,"body":"accounting, accounting know your"},{"speaker":"Stephen McLain","startTime":91.09,"endTime":91.84,"body":"numbers."},{"speaker":"Stephen McLain","startTime":91.87,"endTime":95.62,"body":"Now I definitely have strong"},{"speaker":"Stephen McLain","startTime":91.87,"endTime":95.62,"body":"opinions about monthly close in"},{"speaker":"Stephen McLain","startTime":95.62,"endTime":98.53,"body":"any of the financial or"},{"speaker":"Stephen McLain","startTime":95.62,"endTime":98.53,"body":"accounting processes that we"},{"speaker":"Stephen McLain","startTime":98.53,"endTime":103.03,"body":"have, they must be value added,"},{"speaker":"Stephen McLain","startTime":98.53,"endTime":103.03,"body":"they must be accurate. We must"},{"speaker":"Stephen McLain","startTime":103.03,"endTime":106.09,"body":"spend the majority of our time"},{"speaker":"Stephen McLain","startTime":103.03,"endTime":106.09,"body":"building the business and"},{"speaker":"Stephen McLain","startTime":106.09,"endTime":110.05,"body":"helping senior leaders do their"},{"speaker":"Stephen McLain","startTime":106.09,"endTime":110.05,"body":"jobs better. And we need to ask"},{"speaker":"Stephen McLain","startTime":110.05,"endTime":113.77,"body":"ourselves how can we add more"},{"speaker":"Stephen McLain","startTime":110.05,"endTime":113.77,"body":"and better value to what we do"},{"speaker":"Stephen McLain","startTime":113.77,"endTime":118.06,"body":"every day. It's not just about"},{"speaker":"Stephen McLain","startTime":113.77,"endTime":118.06,"body":"doing this report or pulling"},{"speaker":"Stephen McLain","startTime":118.06,"endTime":121.54,"body":"this information or doing this"},{"speaker":"Stephen McLain","startTime":118.06,"endTime":121.54,"body":"journal entry or cutting and"},{"speaker":"Stephen McLain","startTime":121.54,"endTime":125.26,"body":"pasting this report. It's about"},{"speaker":"Stephen McLain","startTime":121.54,"endTime":125.26,"body":"ensuring that our team both on"},{"speaker":"Stephen McLain","startTime":125.26,"endTime":128.95,"body":"the accounting side and the"},{"speaker":"Stephen McLain","startTime":125.26,"endTime":128.95,"body":"financial side know our role so"},{"speaker":"Stephen McLain","startTime":128.95,"endTime":133.21,"body":"that we add value to the"},{"speaker":"Stephen McLain","startTime":128.95,"endTime":133.21,"body":"process. This is not just an"},{"speaker":"Stephen McLain","startTime":133.21,"endTime":136.96,"body":"event on the calendar. And I do"},{"speaker":"Stephen McLain","startTime":133.21,"endTime":136.96,"body":"hope that it is scheduled on the"},{"speaker":"Stephen McLain","startTime":136.96,"endTime":140.47,"body":"calendar in your company. But"},{"speaker":"Stephen McLain","startTime":136.96,"endTime":140.47,"body":"it's a process to make sure we"},{"speaker":"Stephen McLain","startTime":140.47,"endTime":144.1,"body":"understand where our business is"},{"speaker":"Stephen McLain","startTime":140.47,"endTime":144.1,"body":"going to make monthly clothes"},{"speaker":"Stephen McLain","startTime":144.13,"endTime":146.86,"body":"effective. It requires"},{"speaker":"Stephen McLain","startTime":144.13,"endTime":146.86,"body":"leadership leaders set the"},{"speaker":"Stephen McLain","startTime":146.86,"endTime":150.37,"body":"vision and then steer the"},{"speaker":"Stephen McLain","startTime":146.86,"endTime":150.37,"body":"organization toward that vision"},{"speaker":"Stephen McLain","startTime":150.43,"endTime":152.29,"body":"as finance and accounting"},{"speaker":"Stephen McLain","startTime":150.43,"endTime":152.29,"body":"leaders."},{"speaker":"Stephen McLain","startTime":152.66,"endTime":155.93,"body":"We get to be the trusted"},{"speaker":"Stephen McLain","startTime":152.66,"endTime":155.93,"body":"business adviser assisting"},{"speaker":"Stephen McLain","startTime":155.93,"endTime":160.13,"body":"senior leaders in the C suite to"},{"speaker":"Stephen McLain","startTime":155.93,"endTime":160.13,"body":"ensure that the organization is"},{"speaker":"Stephen McLain","startTime":160.13,"endTime":164.06,"body":"doing its best and understanding"},{"speaker":"Stephen McLain","startTime":160.13,"endTime":164.06,"body":"what performance it had in the"},{"speaker":"Stephen McLain","startTime":164.06,"endTime":168.2,"body":"last period and the same period"},{"speaker":"Stephen McLain","startTime":164.06,"endTime":168.2,"body":"last year, the monthly close"},{"speaker":"Stephen McLain","startTime":168.2,"endTime":172.43,"body":"process must be streamlined and"},{"speaker":"Stephen McLain","startTime":168.2,"endTime":172.43,"body":"effective, the actual numbers in"},{"speaker":"Stephen McLain","startTime":172.43,"endTime":176.54,"body":"the system you are using must be"},{"speaker":"Stephen McLain","startTime":172.43,"endTime":176.54,"body":"accurate. And the final briefing"},{"speaker":"Stephen McLain","startTime":176.54,"endTime":180.71,"body":"product and any other published"},{"speaker":"Stephen McLain","startTime":176.54,"endTime":180.71,"body":"material must be value added and"},{"speaker":"Stephen McLain","startTime":180.71,"endTime":184.52,"body":"helpful to decision makers. The"},{"speaker":"Stephen McLain","startTime":180.71,"endTime":184.52,"body":"great leaders understand when"},{"speaker":"Stephen McLain","startTime":184.52,"endTime":188.09,"body":"change is necessary monthly"},{"speaker":"Stephen McLain","startTime":184.52,"endTime":188.09,"body":"close can often be considered"},{"speaker":"Stephen McLain","startTime":188.09,"endTime":191.57,"body":"very sacred within an"},{"speaker":"Stephen McLain","startTime":188.09,"endTime":191.57,"body":"organization. And then we become"},{"speaker":"Stephen McLain","startTime":191.57,"endTime":194.9,"body":"complacent because we aren't"},{"speaker":"Stephen McLain","startTime":191.57,"endTime":194.9,"body":"doing the necessary change and"},{"speaker":"Stephen McLain","startTime":194.9,"endTime":198.35,"body":"improvement. To make it better."},{"speaker":"Stephen McLain","startTime":194.9,"endTime":198.35,"body":"We need to lead change in our"},{"speaker":"Stephen McLain","startTime":198.35,"endTime":202.49,"body":"monthly close process when the"},{"speaker":"Stephen McLain","startTime":198.35,"endTime":202.49,"body":"process is no longer helping us"},{"speaker":"Stephen McLain","startTime":202.52,"endTime":206.42,"body":"add value when we continue just"},{"speaker":"Stephen McLain","startTime":202.52,"endTime":206.42,"body":"to produce the same reports, the"},{"speaker":"Stephen McLain","startTime":206.42,"endTime":210.86,"body":"same slides, the same tables,"},{"speaker":"Stephen McLain","startTime":206.42,"endTime":210.86,"body":"same graphs, and we're not"},{"speaker":"Stephen McLain","startTime":210.86,"endTime":214.31,"body":"adding any kind of value or any"},{"speaker":"Stephen McLain","startTime":210.86,"endTime":214.31,"body":"kind of analysis, or we're not"},{"speaker":"Stephen McLain","startTime":214.31,"endTime":217.82,"body":"helping our senior leaders move"},{"speaker":"Stephen McLain","startTime":214.31,"endTime":217.82,"body":"forward than we are failing our"},{"speaker":"Stephen McLain","startTime":217.82,"endTime":221.72,"body":"organization. We don't just"},{"speaker":"Stephen McLain","startTime":217.82,"endTime":221.72,"body":"close the books and make slides"},{"speaker":"Stephen McLain","startTime":221.78,"endTime":225.29,"body":"we highlight what we did. And"},{"speaker":"Stephen McLain","startTime":221.78,"endTime":225.29,"body":"how we did it. We have to ask"},{"speaker":"Stephen McLain","startTime":225.29,"endTime":229.16,"body":"ourselves, are we on track? What"},{"speaker":"Stephen McLain","startTime":225.29,"endTime":229.16,"body":"didn't go well? And what could"},{"speaker":"Stephen McLain","startTime":229.16,"endTime":232.61,"body":"we do better? We should be"},{"speaker":"Stephen McLain","startTime":229.16,"endTime":232.61,"body":"telling a story that adds value"},{"speaker":"Stephen McLain","startTime":232.64,"endTime":236.54,"body":"and guides decision makers on"},{"speaker":"Stephen McLain","startTime":232.64,"endTime":236.54,"body":"what the numbers mean, where we"},{"speaker":"Stephen McLain","startTime":236.54,"endTime":240.11,"body":"are going, what is the role of"},{"speaker":"Stephen McLain","startTime":236.54,"endTime":240.11,"body":"monthly close? Monthly close"},{"speaker":"Stephen McLain","startTime":240.14,"endTime":244.22,"body":"helps us measure performance and"},{"speaker":"Stephen McLain","startTime":240.14,"endTime":244.22,"body":"make decisions about the future?"},{"speaker":"Stephen McLain","startTime":244.28,"endTime":247.94,"body":"And what metrics did not do"},{"speaker":"Stephen McLain","startTime":244.28,"endTime":247.94,"body":"well. And what metrics did well,"},{"speaker":"Stephen McLain","startTime":247.97,"endTime":250.49,"body":"we must ensure our records are"},{"speaker":"Stephen McLain","startTime":247.97,"endTime":250.49,"body":"straight according to what the"},{"speaker":"Stephen McLain","startTime":250.49,"endTime":254.63,"body":"business actually did. And we"},{"speaker":"Stephen McLain","startTime":250.49,"endTime":254.63,"body":"also must communicate with"},{"speaker":"Stephen McLain","startTime":254.63,"endTime":258.59,"body":"stakeholders about performance"},{"speaker":"Stephen McLain","startTime":254.63,"endTime":258.59,"body":"and how the business met or"},{"speaker":"Stephen McLain","startTime":258.59,"endTime":260.33,"body":"missed expectations."},{"speaker":"Stephen McLain","startTime":260.36,"endTime":264.38,"body":"Now there are three areas that I"},{"speaker":"Stephen McLain","startTime":260.36,"endTime":264.38,"body":"would like to discuss further"},{"speaker":"Stephen McLain","startTime":264.44,"endTime":268.76,"body":"about what I believe we can do"},{"speaker":"Stephen McLain","startTime":264.44,"endTime":268.76,"body":"to make monthly close a better"},{"speaker":"Stephen McLain","startTime":268.76,"endTime":272.75,"body":"process. Number one, does the"},{"speaker":"Stephen McLain","startTime":268.76,"endTime":272.75,"body":"process Make sense? In our"},{"speaker":"Stephen McLain","startTime":272.75,"endTime":276.65,"body":"organization, what I want you to"},{"speaker":"Stephen McLain","startTime":272.75,"endTime":276.65,"body":"do is map out that process."},{"speaker":"Stephen McLain","startTime":276.68,"endTime":279.98,"body":"Where do you start the process?"},{"speaker":"Stephen McLain","startTime":276.68,"endTime":279.98,"body":"I want you to put that process"},{"speaker":"Stephen McLain","startTime":280.01,"endTime":283.34,"body":"on paper or even on a whiteboard"},{"speaker":"Stephen McLain","startTime":280.01,"endTime":283.34,"body":"that's even better. I want you"},{"speaker":"Stephen McLain","startTime":283.34,"endTime":286.85,"body":"to map it out. I want you to"},{"speaker":"Stephen McLain","startTime":283.34,"endTime":286.85,"body":"list out how the data and"},{"speaker":"Stephen McLain","startTime":286.85,"endTime":290.84,"body":"information is moving along the"},{"speaker":"Stephen McLain","startTime":286.85,"endTime":290.84,"body":"process and figure out how you"},{"speaker":"Stephen McLain","startTime":290.84,"endTime":294.35,"body":"can streamline it, make it"},{"speaker":"Stephen McLain","startTime":290.84,"endTime":294.35,"body":"easier, make it better figure"},{"speaker":"Stephen McLain","startTime":294.35,"endTime":297.29,"body":"out your roles and"},{"speaker":"Stephen McLain","startTime":294.35,"endTime":297.29,"body":"responsibilities as you go"},{"speaker":"Stephen McLain","startTime":297.29,"endTime":301.07,"body":"through the process each month"},{"speaker":"Stephen McLain","startTime":297.29,"endTime":301.07,"body":"who's doing what Who is pulling?"},{"speaker":"Stephen McLain","startTime":301.07,"endTime":304.94,"body":"What piece of information? Who"},{"speaker":"Stephen McLain","startTime":301.07,"endTime":304.94,"body":"is putting together the report?"},{"speaker":"Stephen McLain","startTime":305.0,"endTime":308.12,"body":"And who is doing the analysis?"},{"speaker":"Stephen McLain","startTime":305.0,"endTime":308.12,"body":"And who is providing the"},{"speaker":"Stephen McLain","startTime":308.12,"endTime":311.06,"body":"information that helps our"},{"speaker":"Stephen McLain","startTime":308.12,"endTime":311.06,"body":"senior leaders? How are you"},{"speaker":"Stephen McLain","startTime":311.06,"endTime":314.78,"body":"sequencing, the reporting? And"},{"speaker":"Stephen McLain","startTime":311.06,"endTime":314.78,"body":"how are you sequencing? The"},{"speaker":"Stephen McLain","startTime":314.78,"endTime":318.26,"body":"journal entries? A big question"},{"speaker":"Stephen McLain","startTime":314.78,"endTime":318.26,"body":"that I want you to ask yourself"},{"speaker":"Stephen McLain","startTime":318.29,"endTime":321.17,"body":"as a leader in finance and"},{"speaker":"Stephen McLain","startTime":318.29,"endTime":321.17,"body":"accounting? Is that do your"},{"speaker":"Stephen McLain","startTime":321.17,"endTime":325.58,"body":"financial systems contribute or"},{"speaker":"Stephen McLain","startTime":321.17,"endTime":325.58,"body":"hinder the monthly close"},{"speaker":"Stephen McLain","startTime":325.58,"endTime":329.42,"body":"rocess? Are your financial"},{"speaker":"Stephen McLain","startTime":325.58,"endTime":329.42,"body":"ystems helping you understand"},{"speaker":"Stephen McLain","startTime":329.42,"endTime":332.66,"body":"he data? is it helping you"},{"speaker":"Stephen McLain","startTime":329.42,"endTime":332.66,"body":"ollect the data better? is it"},{"speaker":"Stephen McLain","startTime":332.66,"endTime":336.17,"body":"elping you with recording the"},{"speaker":"Stephen McLain","startTime":332.66,"endTime":336.17,"body":"ata are you able to pull the"},{"speaker":"Stephen McLain","startTime":336.17,"endTime":340.1,"body":"ata that you need so that you"},{"speaker":"Stephen McLain","startTime":336.17,"endTime":340.1,"body":"an create information that"},{"speaker":"Stephen McLain","startTime":340.1,"endTime":343.61,"body":"akes sense and where you can"},{"speaker":"Stephen McLain","startTime":340.1,"endTime":343.61,"body":"ather insights to help your"},{"speaker":"Stephen McLain","startTime":343.61,"endTime":347.36,"body":"enior leaders need to ensure"},{"speaker":"Stephen McLain","startTime":343.61,"endTime":347.36,"body":"ou publish the process and that"},{"speaker":"Stephen McLain","startTime":347.36,"endTime":351.44,"body":"veryone understands their role"},{"speaker":"Stephen McLain","startTime":347.36,"endTime":351.44,"body":"n what metrics they are"},{"speaker":"Stephen McLain","startTime":351.44,"endTime":356.15,"body":"easuring and analyzing, we must"},{"speaker":"Stephen McLain","startTime":351.44,"endTime":356.15,"body":"ontinue to train our team to"},{"speaker":"Stephen McLain","startTime":356.15,"endTime":360.74,"body":"ull the right data and format"},{"speaker":"Stephen McLain","startTime":356.15,"endTime":360.74,"body":"he data in a way that creates"},{"speaker":"Stephen McLain","startTime":360.74,"endTime":365.09,"body":"reat insights, knowledge and"},{"speaker":"Stephen McLain","startTime":360.74,"endTime":365.09,"body":"lso powerful wisdom for our"},{"speaker":"Stephen McLain","startTime":365.09,"endTime":369.62,"body":"enior leaders. I like mapping"},{"speaker":"Stephen McLain","startTime":365.09,"endTime":369.62,"body":"ut the monthly closed process"},{"speaker":"Stephen McLain","startTime":369.62,"endTime":372.41,"body":"ecause you get to see where"},{"speaker":"Stephen McLain","startTime":369.62,"endTime":372.41,"body":"hings work. And when they don't"},{"speaker":"Stephen McLain","startTime":372.41,"endTime":375.47,"body":"ork and get to see where"},{"speaker":"Stephen McLain","startTime":372.41,"endTime":375.47,"body":"nformation is moving. And where"},{"speaker":"Stephen McLain","startTime":375.47,"endTime":378.47,"body":"t gets kind of clogged up in"},{"speaker":"Stephen McLain","startTime":375.47,"endTime":378.47,"body":"he process and it gets stuck."},{"speaker":"Stephen McLain","startTime":378.95,"endTime":382.22,"body":"aiting on other processes."},{"speaker":"Stephen McLain","startTime":378.95,"endTime":382.22,"body":"ou'll see once you start"},{"speaker":"Stephen McLain","startTime":382.22,"endTime":386.48,"body":"utting your process on paper on"},{"speaker":"Stephen McLain","startTime":382.22,"endTime":386.48,"body":"whiteboard, you can start to"},{"speaker":"Stephen McLain","startTime":386.48,"endTime":390.74,"body":"ee where information gets"},{"speaker":"Stephen McLain","startTime":386.48,"endTime":390.74,"body":"tuck. When you're waiting on"},{"speaker":"Stephen McLain","startTime":390.74,"endTime":393.71,"body":"ther people to funnel"},{"speaker":"Stephen McLain","startTime":390.74,"endTime":393.71,"body":"nformation and and maybe"},{"speaker":"Stephen McLain","startTime":393.71,"endTime":397.43,"body":"omewhere along the process, you"},{"speaker":"Stephen McLain","startTime":393.71,"endTime":397.43,"body":"ight have one accountant or an"},{"speaker":"Stephen McLain","startTime":397.43,"endTime":401.45,"body":"nalyst may be waiting on"},{"speaker":"Stephen McLain","startTime":397.43,"endTime":401.45,"body":"ultiple pieces of information,"},{"speaker":"Stephen McLain","startTime":401.45,"endTime":405.92,"body":"nd then it builds and then it's"},{"speaker":"Stephen McLain","startTime":401.45,"endTime":405.92,"body":"his continually circle process"},{"speaker":"Stephen McLain","startTime":405.92,"endTime":409.97,"body":"ovement of information to"},{"speaker":"Stephen McLain","startTime":405.92,"endTime":409.97,"body":"eally talk to your team. And"},{"speaker":"Stephen McLain","startTime":409.97,"endTime":413.54,"body":"hey will tell you where the"},{"speaker":"Stephen McLain","startTime":409.97,"endTime":413.54,"body":"nformation gets stuck, and"},{"speaker":"Stephen McLain","startTime":413.54,"endTime":418.16,"body":"here it's really making their"},{"speaker":"Stephen McLain","startTime":413.54,"endTime":418.16,"body":"ob hard if the process isn't"},{"speaker":"Stephen McLain","startTime":418.16,"endTime":422.12,"body":"ffective. So once you map it"},{"speaker":"Stephen McLain","startTime":418.16,"endTime":422.12,"body":"ut, you put it on paper, and"},{"speaker":"Stephen McLain","startTime":422.12,"endTime":425.27,"body":"ou kind of see the information"},{"speaker":"Stephen McLain","startTime":422.12,"endTime":425.27,"body":"low and what reports get pulled"},{"speaker":"Stephen McLain","startTime":425.27,"endTime":428.78,"body":"rom what system, you can then"},{"speaker":"Stephen McLain","startTime":425.27,"endTime":428.78,"body":"tart to see where you can make"},{"speaker":"Stephen McLain","startTime":428.78,"endTime":431.36,"body":"mprovements and make things a"},{"speaker":"Stephen McLain","startTime":428.78,"endTime":431.36,"body":"ot better. And you continue to"},{"speaker":"Stephen McLain","startTime":431.36,"endTime":434.3,"body":"alk with your team and you"},{"speaker":"Stephen McLain","startTime":431.36,"endTime":434.3,"body":"efine the process and"},{"speaker":"Stephen McLain","startTime":434.3,"endTime":438.86,"body":"ontinually make it better, so"},{"speaker":"Stephen McLain","startTime":434.3,"endTime":438.86,"body":"hat you're moving the process"},{"speaker":"Stephen McLain","startTime":438.86,"endTime":444.23,"body":"long smoother and touches fewer"},{"speaker":"Stephen McLain","startTime":438.86,"endTime":444.23,"body":"eople. Maybe you have all the"},{"speaker":"Stephen McLain","startTime":444.23,"endTime":448.13,"body":"nformation coming into one"},{"speaker":"Stephen McLain","startTime":444.23,"endTime":448.13,"body":"ource, or coming from one"},{"speaker":"Stephen McLain","startTime":448.13,"endTime":452.69,"body":"ource, and just making it a lot"},{"speaker":"Stephen McLain","startTime":448.13,"endTime":452.69,"body":"moother and streamlined. And"},{"speaker":"Stephen McLain","startTime":452.69,"endTime":456.65,"body":"lso when are the due dates,"},{"speaker":"Stephen McLain","startTime":452.69,"endTime":456.65,"body":"hen are the deadlines for"},{"speaker":"Stephen McLain","startTime":456.65,"endTime":461.3,"body":"nformation being submitted,"},{"speaker":"Stephen McLain","startTime":456.65,"endTime":461.3,"body":"specially once the reports from"},{"speaker":"Stephen McLain","startTime":461.3,"endTime":465.59,"body":"he information is all run and"},{"speaker":"Stephen McLain","startTime":461.3,"endTime":465.59,"body":"omplete? And you're starting to"},{"speaker":"Stephen McLain","startTime":465.59,"endTime":469.91,"body":"se some of those reports to"},{"speaker":"Stephen McLain","startTime":465.59,"endTime":469.91,"body":"uild some of your monthly close"},{"speaker":"Stephen McLain","startTime":469.94,"endTime":473.27,"body":"lide products? What are the"},{"speaker":"Stephen McLain","startTime":469.94,"endTime":473.27,"body":"eadlines? And do those"},{"speaker":"Stephen McLain","startTime":473.27,"endTime":477.74,"body":"eadlines Make sense? And as you"},{"speaker":"Stephen McLain","startTime":473.27,"endTime":477.74,"body":"uild these metrics? Who needs"},{"speaker":"Stephen McLain","startTime":477.74,"endTime":481.1,"body":"hat, from home? And can you"},{"speaker":"Stephen McLain","startTime":477.74,"endTime":481.1,"body":"ake that easier? And can you"},{"speaker":"Stephen McLain","startTime":481.1,"endTime":484.73,"body":"ake that better? And are you"},{"speaker":"Stephen McLain","startTime":481.1,"endTime":484.73,"body":"iving yourself enough time to"},{"speaker":"Stephen McLain","startTime":484.73,"endTime":488.21,"body":"o the analysis to do that story"},{"speaker":"Stephen McLain","startTime":484.73,"endTime":488.21,"body":"uilding that I was talking"},{"speaker":"Stephen McLain","startTime":488.21,"endTime":491.48,"body":"bout? does all of this makes"},{"speaker":"Stephen McLain","startTime":488.21,"endTime":491.48,"body":"ense? Do you need more time"},{"speaker":"Stephen McLain","startTime":491.48,"endTime":494.96,"body":"uilt in and also really"},{"speaker":"Stephen McLain","startTime":491.48,"endTime":494.96,"body":"hallenge yourself. And this may"},{"speaker":"Stephen McLain","startTime":494.96,"endTime":497.99,"body":"ake a commitment of a long time"},{"speaker":"Stephen McLain","startTime":494.96,"endTime":497.99,"body":"nd also commitment of"},{"speaker":"Stephen McLain","startTime":497.99,"endTime":502.46,"body":"esources. But do your systems"},{"speaker":"Stephen McLain","startTime":497.99,"endTime":502.46,"body":"ake sense? Do the systems"},{"speaker":"Stephen McLain","startTime":502.46,"endTime":507.23,"body":"eally do support what you need"},{"speaker":"Stephen McLain","startTime":502.46,"endTime":507.23,"body":"o accomplish for monthly close,"},{"speaker":"Stephen McLain","startTime":507.38,"endTime":511.4,"body":"nd that's going to be a really"},{"speaker":"Stephen McLain","startTime":507.38,"endTime":511.4,"body":"ong in depth analysis if you"},{"speaker":"Stephen McLain","startTime":511.4,"endTime":515.33,"body":"elieve it isn't. So continue to"},{"speaker":"Stephen McLain","startTime":511.4,"endTime":515.33,"body":"alk with your team because they"},{"speaker":"Stephen McLain","startTime":515.33,"endTime":518.69,"body":"now where it's getting stuck"},{"speaker":"Stephen McLain","startTime":515.33,"endTime":518.69,"body":"nd what works and what doesn't"},{"speaker":"Stephen McLain","startTime":518.69,"endTime":522.86,"body":"ork and start to pull those"},{"speaker":"Stephen McLain","startTime":518.69,"endTime":522.86,"body":"nsights together so that you"},{"speaker":"Stephen McLain","startTime":522.86,"endTime":525.95,"body":"an come up with a better"},{"speaker":"Stephen McLain","startTime":522.86,"endTime":525.95,"body":"rocess. 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I continually see our"},{"speaker":"Stephen McLain","startTime":567.2,"endTime":571.25,"body":"eam members doing more cutting"},{"speaker":"Stephen McLain","startTime":567.2,"endTime":571.25,"body":"nd pasting moving data around"},{"speaker":"Stephen McLain","startTime":571.28,"endTime":574.13,"body":"ulling a report putting that"},{"speaker":"Stephen McLain","startTime":571.28,"endTime":574.13,"body":"ata into another report. And"},{"speaker":"Stephen McLain","startTime":574.13,"endTime":577.55,"body":"hen that data moves to another"},{"speaker":"Stephen McLain","startTime":574.13,"endTime":577.55,"body":"ccount or a financial analyst."},{"speaker":"Stephen McLain","startTime":577.58,"endTime":579.53,"body":"nd then they start doing"},{"speaker":"Stephen McLain","startTime":577.58,"endTime":579.53,"body":"utting and pasting from that"},{"speaker":"Stephen McLain","startTime":579.53,"endTime":582.86,"body":"eport into another report. Can"},{"speaker":"Stephen McLain","startTime":579.53,"endTime":582.86,"body":"e streamline this process? Can"},{"speaker":"Stephen McLain","startTime":582.86,"endTime":587.0,"body":"e make it better? Can we give"},{"speaker":"Stephen McLain","startTime":582.86,"endTime":587.0,"body":"ore time back to our team. So"},{"speaker":"Stephen McLain","startTime":587.0,"endTime":589.01,"body":"hey're actually trying to"},{"speaker":"Stephen McLain","startTime":587.0,"endTime":589.01,"body":"igure out what the numbers"},{"speaker":"Stephen McLain","startTime":589.01,"endTime":592.88,"body":"ean, so that we can continue to"},{"speaker":"Stephen McLain","startTime":589.01,"endTime":592.88,"body":"dd value. This is a very"},{"speaker":"Stephen McLain","startTime":592.88,"endTime":595.88,"body":"assionate topic of mine. 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And then they can"},{"speaker":"Stephen McLain","startTime":675.77,"endTime":679.07,"body":"igure out who to talk to, and"},{"speaker":"Stephen McLain","startTime":675.77,"endTime":679.07,"body":"ry to figure out what really"},{"speaker":"Stephen McLain","startTime":679.07,"endTime":683.0,"body":"appened. And then you can"},{"speaker":"Stephen McLain","startTime":679.07,"endTime":683.0,"body":"onvey that information on the"},{"speaker":"Stephen McLain","startTime":683.0,"endTime":687.14,"body":"lides that you use to the"},{"speaker":"Stephen McLain","startTime":683.0,"endTime":687.14,"body":"enior leaders, so that they can"},{"speaker":"Stephen McLain","startTime":687.14,"endTime":690.65,"body":"ffect start thinking about it"},{"speaker":"Stephen McLain","startTime":687.14,"endTime":690.65,"body":"nd maybe make an adjustment to"},{"speaker":"Stephen McLain","startTime":690.65,"endTime":695.27,"body":"he strategy. 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It's all about trying"},{"speaker":"Stephen McLain","startTime":698.75,"endTime":702.98,"body":"o figure out what happened in"},{"speaker":"Stephen McLain","startTime":698.75,"endTime":702.98,"body":"he last month in comparison to"},{"speaker":"Stephen McLain","startTime":703.16,"endTime":705.8,"body":"he previous month and in"},{"speaker":"Stephen McLain","startTime":703.16,"endTime":705.8,"body":"omparison to what happened last"},{"speaker":"Stephen McLain","startTime":705.8,"endTime":709.61,"body":"ear, so that we can provide the"},{"speaker":"Stephen McLain","startTime":705.8,"endTime":709.61,"body":"ery best information, very best"},{"speaker":"Stephen McLain","startTime":709.61,"endTime":713.75,"body":"nsights, and the very best"},{"speaker":"Stephen McLain","startTime":709.61,"endTime":713.75,"body":"ecommendations to senior"},{"speaker":"Stephen McLain","startTime":713.75,"endTime":716.87,"body":"eaders, so that they have a"},{"speaker":"Stephen McLain","startTime":713.75,"endTime":716.87,"body":"ery clear picture of what we"},{"speaker":"Stephen McLain","startTime":716.87,"endTime":720.59,"body":"id. 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And number"},{"speaker":"Stephen McLain","startTime":723.77,"endTime":727.52,"body":"hree, I believe that our"},{"speaker":"Stephen McLain","startTime":723.77,"endTime":727.52,"body":"riefing slides should tell a"},{"speaker":"Stephen McLain","startTime":727.52,"endTime":731.45,"body":"tory or briefing slides"},{"speaker":"Stephen McLain","startTime":727.52,"endTime":731.45,"body":"houldn't just be a table with"},{"speaker":"Stephen McLain","startTime":731.45,"endTime":734.81,"body":"ust blank information, just be"},{"speaker":"Stephen McLain","startTime":731.45,"endTime":734.81,"body":"briefing table with just a"},{"speaker":"Stephen McLain","startTime":734.81,"endTime":738.08,"body":"unch of numbers on it that"},{"speaker":"Stephen McLain","startTime":734.81,"endTime":738.08,"body":"on't really make any sense."},{"speaker":"Stephen McLain","startTime":738.11,"endTime":742.13,"body":"t's just tables, columns, data"},{"speaker":"Stephen McLain","startTime":738.11,"endTime":742.13,"body":"oesn't really give any kind of"},{"speaker":"Stephen McLain","startTime":742.13,"endTime":746.3,"body":"nformation. Now sometimes in"},{"speaker":"Stephen McLain","startTime":742.13,"endTime":746.3,"body":"our monthly closed process. And"},{"speaker":"Stephen McLain","startTime":746.3,"endTime":750.44,"body":"n your briefing slides, there"},{"speaker":"Stephen McLain","startTime":746.3,"endTime":750.44,"body":"ay be attendance or additional"},{"speaker":"Stephen McLain","startTime":750.44,"endTime":753.5,"body":"ata that you provide that"},{"speaker":"Stephen McLain","startTime":750.44,"endTime":753.5,"body":"ou've been asked to provide."},{"speaker":"Stephen McLain","startTime":753.5,"endTime":756.47,"body":"hat just may be a table. And"},{"speaker":"Stephen McLain","startTime":753.5,"endTime":756.47,"body":"hat's all they really want. And"},{"speaker":"Stephen McLain","startTime":756.47,"endTime":759.95,"body":"hat's fine. But what are your"},{"speaker":"Stephen McLain","startTime":756.47,"endTime":759.95,"body":"ey metrics, I'm really asking"},{"speaker":"Stephen McLain","startTime":759.95,"endTime":764.21,"body":"ou to tell a story about what"},{"speaker":"Stephen McLain","startTime":759.95,"endTime":764.21,"body":"appened, especially the change"},{"speaker":"Stephen McLain","startTime":764.24,"endTime":768.02,"body":"rom last year in the same"},{"speaker":"Stephen McLain","startTime":764.24,"endTime":768.02,"body":"eriod, start to really ask"},{"speaker":"Stephen McLain","startTime":768.02,"endTime":771.86,"body":"ourself, how can you help the C"},{"speaker":"Stephen McLain","startTime":768.02,"endTime":771.86,"body":"uite executives and the senior"},{"speaker":"Stephen McLain","startTime":771.86,"endTime":775.46,"body":"eaders do their jobs better, we"},{"speaker":"Stephen McLain","startTime":771.86,"endTime":775.46,"body":"ave to continue to build"},{"speaker":"Stephen McLain","startTime":775.64,"endTime":779.3,"body":"ositive relationships with our"},{"speaker":"Stephen McLain","startTime":775.64,"endTime":779.3,"body":"enior leaders. So you know how"},{"speaker":"Stephen McLain","startTime":779.3,"endTime":783.65,"body":"o add value, we're really"},{"speaker":"Stephen McLain","startTime":779.3,"endTime":783.65,"body":"ooking for what really helps"},{"speaker":"Stephen McLain","startTime":783.65,"endTime":787.55,"body":"hem see the big picture, what"},{"speaker":"Stephen McLain","startTime":783.65,"endTime":787.55,"body":"re some insights you can"},{"speaker":"Stephen McLain","startTime":787.55,"endTime":792.02,"body":"rovide them in the information"},{"speaker":"Stephen McLain","startTime":787.55,"endTime":792.02,"body":"nd in the metrics that you're"},{"speaker":"Stephen McLain","startTime":792.02,"endTime":795.11,"body":"esponsible for what kind of"},{"speaker":"Stephen McLain","startTime":792.02,"endTime":795.11,"body":"nformation and insights and"},{"speaker":"Stephen McLain","startTime":795.11,"endTime":798.8,"body":"nowledge that you can start to"},{"speaker":"Stephen McLain","startTime":795.11,"endTime":798.8,"body":"iece together and help them do"},{"speaker":"Stephen McLain","startTime":798.8,"endTime":802.19,"body":"heir job a lot better, I"},{"speaker":"Stephen McLain","startTime":798.8,"endTime":802.19,"body":"ontinue to encourage you to"},{"speaker":"Stephen McLain","startTime":802.19,"endTime":806.18,"body":"ecome a partner to help them"},{"speaker":"Stephen McLain","startTime":802.19,"endTime":806.18,"body":"chieve the strategy and also to"},{"speaker":"Stephen McLain","startTime":806.18,"endTime":809.39,"body":"dapt and develop the future"},{"speaker":"Stephen McLain","startTime":806.18,"endTime":809.39,"body":"trategy. And in this"},{"speaker":"Stephen McLain","startTime":809.39,"endTime":812.87,"body":"artnership, continue to Ask and"},{"speaker":"Stephen McLain","startTime":809.39,"endTime":812.87,"body":"nquire and make sure that"},{"speaker":"Stephen McLain","startTime":812.87,"endTime":816.05,"body":"hey're getting the right"},{"speaker":"Stephen McLain","startTime":812.87,"endTime":816.05,"body":"nformation in a timely manner."},{"speaker":"Stephen McLain","startTime":816.08,"endTime":819.8,"body":"nd sometimes you have to become"},{"speaker":"Stephen McLain","startTime":816.08,"endTime":819.8,"body":"teacher and advisor for senior"},{"speaker":"Stephen McLain","startTime":819.8,"endTime":822.74,"body":"eaders. That means you've got"},{"speaker":"Stephen McLain","startTime":819.8,"endTime":822.74,"body":"o really know your craft,"},{"speaker":"Stephen McLain","startTime":822.74,"endTime":825.71,"body":"ou've got to know your metrics."},{"speaker":"Stephen McLain","startTime":822.74,"endTime":825.71,"body":"ou've got to know your job,"},{"speaker":"Stephen McLain","startTime":825.71,"endTime":829.37,"body":"ou've got to spend time"},{"speaker":"Stephen McLain","startTime":825.71,"endTime":829.37,"body":"nderstanding and knowing how to"},{"speaker":"Stephen McLain","startTime":829.37,"endTime":833.72,"body":"resent the information that can"},{"speaker":"Stephen McLain","startTime":829.37,"endTime":833.72,"body":"ommunicate the best story, and"},{"speaker":"Stephen McLain","startTime":833.72,"endTime":837.86,"body":"ou got to work on your"},{"speaker":"Stephen McLain","startTime":833.72,"endTime":837.86,"body":"nfluencing skills, and knowing"},{"speaker":"Stephen McLain","startTime":837.86,"endTime":840.89,"body":"ow to communicate and using the"},{"speaker":"Stephen McLain","startTime":837.86,"endTime":840.89,"body":"ight verbiage within the"},{"speaker":"Stephen McLain","startTime":840.89,"endTime":845.06,"body":"ompany. And what are the key"},{"speaker":"Stephen McLain","startTime":840.89,"endTime":845.06,"body":"ords and key issues that our"},{"speaker":"Stephen McLain","startTime":845.06,"endTime":848.03,"body":"enior leaders are really"},{"speaker":"Stephen McLain","startTime":845.06,"endTime":848.03,"body":"ooking for telling a story"},{"speaker":"Stephen McLain","startTime":848.06,"endTime":852.35,"body":"elps us understand what we did"},{"speaker":"Stephen McLain","startTime":848.06,"endTime":852.35,"body":"nd where we need to go. And"},{"speaker":"Stephen McLain","startTime":852.35,"endTime":855.77,"body":"hat's really what it's all"},{"speaker":"Stephen McLain","startTime":852.35,"endTime":855.77,"body":"bout is being able to tell a"},{"speaker":"Stephen McLain","startTime":855.77,"endTime":860.81,"body":"ery more simplified story so"},{"speaker":"Stephen McLain","startTime":855.77,"endTime":860.81,"body":"hat everyone can understand"},{"speaker":"Stephen McLain","startTime":860.87,"endTime":864.86,"body":"nstead of just putting numbers"},{"speaker":"Stephen McLain","startTime":860.87,"endTime":864.86,"body":"n a slide and saying, Hey, we"},{"speaker":"Stephen McLain","startTime":864.89,"endTime":869.42,"body":"ent up 5% on this metric year"},{"speaker":"Stephen McLain","startTime":864.89,"endTime":869.42,"body":"ver a year, and what does that"},{"speaker":"Stephen McLain","startTime":869.42,"endTime":872.36,"body":"eally mean? And that's, and"},{"speaker":"Stephen McLain","startTime":869.42,"endTime":872.36,"body":"hat takes time really starting"},{"speaker":"Stephen McLain","startTime":872.36,"endTime":876.83,"body":"o work with maybe a program"},{"speaker":"Stephen McLain","startTime":872.36,"endTime":876.83,"body":"anager or department head or"},{"speaker":"Stephen McLain","startTime":876.83,"endTime":880.91,"body":"omebody that really works,"},{"speaker":"Stephen McLain","startTime":876.83,"endTime":880.91,"body":"hose metrics actually on the"},{"speaker":"Stephen McLain","startTime":880.91,"endTime":885.14,"body":"round. So you understand all"},{"speaker":"Stephen McLain","startTime":880.91,"endTime":885.14,"body":"he moving pieces and the parts"},{"speaker":"Stephen McLain","startTime":885.17,"endTime":888.41,"body":"hat go to that. So that one"},{"speaker":"Stephen McLain","startTime":885.17,"endTime":888.41,"body":"hing changes and affects"},{"speaker":"Stephen McLain","startTime":888.41,"endTime":891.44,"body":"nother part of the metric, then"},{"speaker":"Stephen McLain","startTime":888.41,"endTime":891.44,"body":"ou can communicate what really"},{"speaker":"Stephen McLain","startTime":891.44,"endTime":894.26,"body":"appened and maybe we can make"},{"speaker":"Stephen McLain","startTime":891.44,"endTime":894.26,"body":"ome adjustments that we can"},{"speaker":"Stephen McLain","startTime":894.26,"endTime":897.71,"body":"ake some recommendations to"},{"speaker":"Stephen McLain","startTime":894.26,"endTime":897.71,"body":"ake the organization even"},{"speaker":"Stephen McLain","startTime":897.71,"endTime":900.8,"body":"etter and that we have"},{"speaker":"Stephen McLain","startTime":897.71,"endTime":900.8,"body":"erformance. moving in the right"},{"speaker":"Stephen McLain","startTime":900.8,"endTime":905.21,"body":"irection, or according to the"},{"speaker":"Stephen McLain","startTime":900.8,"endTime":905.21,"body":"xpectations, and also the"},{"speaker":"Stephen McLain","startTime":905.21,"endTime":908.99,"body":"redictions and the annual plan"},{"speaker":"Stephen McLain","startTime":905.21,"endTime":908.99,"body":"hat we put together and and"},{"speaker":"Stephen McLain","startTime":909.05,"endTime":911.9,"body":"efinitely our projection that"},{"speaker":"Stephen McLain","startTime":909.05,"endTime":911.9,"body":"e did for the quarter and for"},{"speaker":"Stephen McLain","startTime":911.9,"endTime":915.86,"body":"he year so that we can answer"},{"speaker":"Stephen McLain","startTime":911.9,"endTime":915.86,"body":"ll the stakeholders, including"},{"speaker":"Stephen McLain","startTime":915.86,"endTime":920.78,"body":"nvestors, our suppliers, our"},{"speaker":"Stephen McLain","startTime":915.86,"endTime":920.78,"body":"ustomers, and any kind of other"},{"speaker":"Stephen McLain","startTime":920.78,"endTime":923.75,"body":"aybe government entity or"},{"speaker":"Stephen McLain","startTime":920.78,"endTime":923.75,"body":"nybody else that's involved in"},{"speaker":"Stephen McLain","startTime":923.75,"endTime":926.03,"body":"nderstanding our numbers a"},{"speaker":"Stephen McLain","startTime":923.75,"endTime":926.03,"body":"ittle bit better."},{"speaker":"Stephen McLain","startTime":926.09,"endTime":929.57,"body":"Now, I have created an example"},{"speaker":"Stephen McLain","startTime":926.09,"endTime":929.57,"body":"slide that you could download,"},{"speaker":"Stephen McLain","startTime":929.63,"endTime":933.56,"body":"it's a PDF, you can find the"},{"speaker":"Stephen McLain","startTime":929.63,"endTime":933.56,"body":"link to download in the episode"},{"speaker":"Stephen McLain","startTime":933.56,"endTime":938.27,"body":"description. Or you can go to my"},{"speaker":"Stephen McLain","startTime":933.56,"endTime":938.27,"body":"website, Stephen McLain dot com,"},{"speaker":"Stephen McLain","startTime":938.87,"endTime":942.5,"body":"go to resources in the main"},{"speaker":"Stephen McLain","startTime":938.87,"endTime":942.5,"body":"menu, and then you can select a"},{"speaker":"Stephen McLain","startTime":942.5,"endTime":946.04,"body":"monthly close slide. And you can"},{"speaker":"Stephen McLain","startTime":942.5,"endTime":946.04,"body":"see the slide that I put"},{"speaker":"Stephen McLain","startTime":946.04,"endTime":950.06,"body":"together. And that shows how you"},{"speaker":"Stephen McLain","startTime":946.04,"endTime":950.06,"body":"can tell a story just using some"},{"speaker":"Stephen McLain","startTime":950.06,"endTime":954.23,"body":"metrics from a make believe"},{"speaker":"Stephen McLain","startTime":950.06,"endTime":954.23,"body":"company that I did. It's a"},{"speaker":"Stephen McLain","startTime":954.23,"endTime":957.95,"body":"freight company. And I just put"},{"speaker":"Stephen McLain","startTime":954.23,"endTime":957.95,"body":"together some numbers from"},{"speaker":"Stephen McLain","startTime":958.07,"endTime":963.65,"body":"available days for a trucking"},{"speaker":"Stephen McLain","startTime":958.07,"endTime":963.65,"body":"company and just see how I try"},{"speaker":"Stephen McLain","startTime":963.65,"endTime":967.01,"body":"to tell a story on that one"},{"speaker":"Stephen McLain","startTime":963.65,"endTime":967.01,"body":"slide. And maybe that can"},{"speaker":"Stephen McLain","startTime":967.01,"endTime":970.61,"body":"inspire you to figure out how"},{"speaker":"Stephen McLain","startTime":967.01,"endTime":970.61,"body":"you can tell a better story on"},{"speaker":"Stephen McLain","startTime":970.61,"endTime":973.22,"body":"the slides that you are putting"},{"speaker":"Stephen McLain","startTime":970.61,"endTime":973.22,"body":"together each month."},{"speaker":"Stephen McLain","startTime":973.31,"endTime":976.37,"body":"Now I was with a company that"},{"speaker":"Stephen McLain","startTime":973.31,"endTime":976.37,"body":"had a desire to change the"},{"speaker":"Stephen McLain","startTime":976.37,"endTime":979.73,"body":"briefing slides for the better."},{"speaker":"Stephen McLain","startTime":976.37,"endTime":979.73,"body":"But some of the C suite"},{"speaker":"Stephen McLain","startTime":979.73,"endTime":982.43,"body":"executives were a little"},{"speaker":"Stephen McLain","startTime":979.73,"endTime":982.43,"body":"reluctant, because they still"},{"speaker":"Stephen McLain","startTime":982.43,"endTime":986.3,"body":"wanted to do the comparisons to"},{"speaker":"Stephen McLain","startTime":982.43,"endTime":986.3,"body":"previous months using the old"},{"speaker":"Stephen McLain","startTime":986.3,"endTime":989.81,"body":"slides that they had been using"},{"speaker":"Stephen McLain","startTime":986.3,"endTime":989.81,"body":"for a long time. And any change"},{"speaker":"Stephen McLain","startTime":989.81,"endTime":993.32,"body":"to the format seemed to make it"},{"speaker":"Stephen McLain","startTime":989.81,"endTime":993.32,"body":"harder for them. I understand"},{"speaker":"Stephen McLain","startTime":993.32,"endTime":995.84,"body":"that. Now this is where"},{"speaker":"Stephen McLain","startTime":993.32,"endTime":995.84,"body":"leadership happens convincing"},{"speaker":"Stephen McLain","startTime":995.84,"endTime":1000.13,"body":"those who you advise that change"},{"speaker":"Stephen McLain","startTime":995.84,"endTime":1000.13,"body":"will add incredible value, we"},{"speaker":"Stephen McLain","startTime":1000.13,"endTime":1003.85,"body":"must continue to strive for"},{"speaker":"Stephen McLain","startTime":1000.13,"endTime":1003.85,"body":"change and improvement, no"},{"speaker":"Stephen McLain","startTime":1003.85,"endTime":1007.27,"body":"pushback against change will"},{"speaker":"Stephen McLain","startTime":1003.85,"endTime":1007.27,"body":"always happen, we have to ensure"},{"speaker":"Stephen McLain","startTime":1007.27,"endTime":1010.45,"body":"that the briefing product that"},{"speaker":"Stephen McLain","startTime":1007.27,"endTime":1010.45,"body":"we use is not static, that we're"},{"speaker":"Stephen McLain","startTime":1010.45,"endTime":1013.12,"body":"always striving to help"},{"speaker":"Stephen McLain","startTime":1010.45,"endTime":1013.12,"body":"understand the business better."},{"speaker":"Stephen McLain","startTime":1013.15,"endTime":1016.69,"body":"And this is where leadership and"},{"speaker":"Stephen McLain","startTime":1013.15,"endTime":1016.69,"body":"influence can really lift your"},{"speaker":"Stephen McLain","startTime":1016.69,"endTime":1019.78,"body":"organization to a new level. So"},{"speaker":"Stephen McLain","startTime":1016.69,"endTime":1019.78,"body":"don't give up trying to make it"},{"speaker":"Stephen McLain","startTime":1019.78,"endTime":1023.77,"body":"better. And don't give up keep"},{"speaker":"Stephen McLain","startTime":1019.78,"endTime":1023.77,"body":"improving and no complacency."},{"speaker":"Stephen McLain","startTime":1023.8,"endTime":1027.01,"body":"That's always going to be"},{"speaker":"Stephen McLain","startTime":1023.8,"endTime":1027.01,"body":"something where I come from, I"},{"speaker":"Stephen McLain","startTime":1027.01,"endTime":1029.71,"body":"don't believe in complacency. I"},{"speaker":"Stephen McLain","startTime":1027.01,"endTime":1029.71,"body":"don't believe in just doing the"},{"speaker":"Stephen McLain","startTime":1029.71,"endTime":1033.64,"body":"same thing over and over again,"},{"speaker":"Stephen McLain","startTime":1029.71,"endTime":1033.64,"body":"we need to continue to find ways"},{"speaker":"Stephen McLain","startTime":1033.64,"endTime":1037.45,"body":"that we can improve, make our"},{"speaker":"Stephen McLain","startTime":1033.64,"endTime":1037.45,"body":"processes better, make our team"},{"speaker":"Stephen McLain","startTime":1037.45,"endTime":1041.41,"body":"better, make our organization"},{"speaker":"Stephen McLain","startTime":1037.45,"endTime":1041.41,"body":"even better. Now for an easy win"},{"speaker":"Stephen McLain","startTime":1041.41,"endTime":1046.12,"body":"today. Number one, if you are"},{"speaker":"Stephen McLain","startTime":1041.41,"endTime":1046.12,"body":"involved in monthly close is"},{"speaker":"Stephen McLain","startTime":1046.12,"endTime":1049.54,"body":"your monthly closed process"},{"speaker":"Stephen McLain","startTime":1046.12,"endTime":1049.54,"body":"effective in your organization."},{"speaker":"Stephen McLain","startTime":1049.57,"endTime":1052.6,"body":"Now I want you to write down a"},{"speaker":"Stephen McLain","startTime":1049.57,"endTime":1052.6,"body":"few ideas and how you can"},{"speaker":"Stephen McLain","startTime":1052.6,"endTime":1055.99,"body":"improve the process. You can"},{"speaker":"Stephen McLain","startTime":1052.6,"endTime":1055.99,"body":"start simple just a couple of"},{"speaker":"Stephen McLain","startTime":1055.99,"endTime":1059.08,"body":"things, maybe how we pull some"},{"speaker":"Stephen McLain","startTime":1055.99,"endTime":1059.08,"body":"information, and how that"},{"speaker":"Stephen McLain","startTime":1059.08,"endTime":1062.38,"body":"information maybe moves around"},{"speaker":"Stephen McLain","startTime":1059.08,"endTime":1062.38,"body":"the team if it does. And you can"},{"speaker":"Stephen McLain","startTime":1062.38,"endTime":1066.28,"body":"bring up these ideas with your"},{"speaker":"Stephen McLain","startTime":1062.38,"endTime":1066.28,"body":"supervisor or start to build a"},{"speaker":"Stephen McLain","startTime":1066.31,"endTime":1070.39,"body":"consensus with your peers and"},{"speaker":"Stephen McLain","startTime":1066.31,"endTime":1070.39,"body":"how to improve the closed"},{"speaker":"Stephen McLain","startTime":1070.39,"endTime":1073.6,"body":"process. Now I want you to"},{"speaker":"Stephen McLain","startTime":1070.39,"endTime":1073.6,"body":"really use your influence skills"},{"speaker":"Stephen McLain","startTime":1073.84,"endTime":1077.35,"body":"to make this process a lot"},{"speaker":"Stephen McLain","startTime":1073.84,"endTime":1077.35,"body":"better and start putting your"},{"speaker":"Stephen McLain","startTime":1077.35,"endTime":1081.28,"body":"ideas on paper and start mapping"},{"speaker":"Stephen McLain","startTime":1077.35,"endTime":1081.28,"body":"it out and showing a some type"},{"speaker":"Stephen McLain","startTime":1081.28,"endTime":1085.03,"body":"of plan or some kind of product"},{"speaker":"Stephen McLain","startTime":1081.28,"endTime":1085.03,"body":"that shows how the monthly"},{"speaker":"Stephen McLain","startTime":1085.06,"endTime":1088.54,"body":"closed process can be just a"},{"speaker":"Stephen McLain","startTime":1085.06,"endTime":1088.54,"body":"little bit better. We all must"},{"speaker":"Stephen McLain","startTime":1088.54,"endTime":1092.41,"body":"be committed to leading change"},{"speaker":"Stephen McLain","startTime":1088.54,"endTime":1092.41,"body":"where it is necessary so that we"},{"speaker":"Stephen McLain","startTime":1092.41,"endTime":1096.25,"body":"add value. We support the"},{"speaker":"Stephen McLain","startTime":1092.41,"endTime":1096.25,"body":"strategy and we continue to grow"},{"speaker":"Stephen McLain","startTime":1096.28,"endTime":1099.88,"body":"the business. I have a free"},{"speaker":"Stephen McLain","startTime":1096.28,"endTime":1099.88,"body":"guide for you. It's called the"},{"speaker":"Stephen McLain","startTime":1099.88,"endTime":1103.96,"body":"leadership growth blueprint for"},{"speaker":"Stephen McLain","startTime":1099.88,"endTime":1103.96,"body":"finance and accounting managers."},{"speaker":"Stephen McLain","startTime":1104.5,"endTime":1107.41,"body":"In the guide I talked about"},{"speaker":"Stephen McLain","startTime":1104.5,"endTime":1107.41,"body":"three leadership areas"},{"speaker":"Stephen McLain","startTime":1107.71,"endTime":1112.27,"body":"communication, team growth, and"},{"speaker":"Stephen McLain","startTime":1107.71,"endTime":1112.27,"body":"empowerment. Plus a few"},{"speaker":"Stephen McLain","startTime":1112.27,"endTime":1115.09,"body":"recommendations around"},{"speaker":"Stephen McLain","startTime":1112.27,"endTime":1115.09,"body":"challenges with the systems you"},{"speaker":"Stephen McLain","startTime":1115.12,"endTime":1118.96,"body":"are probably using to complete"},{"speaker":"Stephen McLain","startTime":1115.12,"endTime":1118.96,"body":"your work. The link to the guide"},{"speaker":"Stephen McLain","startTime":1118.96,"endTime":1121.99,"body":"is in the episode description."},{"speaker":"Stephen McLain","startTime":1118.96,"endTime":1121.99,"body":"Or you can go to Stephen McLain"},{"speaker":"Stephen McLain","startTime":1122.02,"endTime":1126.31,"body":"Comm. Please use it to help you"},{"speaker":"Stephen McLain","startTime":1122.02,"endTime":1126.31,"body":"with a few leadership wins"},{"speaker":"Stephen McLain","startTime":1126.31,"endTime":1130.0,"body":"today. Thank you. This episode"},{"speaker":"Stephen McLain","startTime":1126.31,"endTime":1130.0,"body":"is sponsored by my new online"},{"speaker":"Stephen McLain","startTime":1130.0,"endTime":1133.66,"body":"course offering through finance"},{"speaker":"Stephen McLain","startTime":1130.0,"endTime":1133.66,"body":"leader Academy. It's called"},{"speaker":"Stephen McLain","startTime":1133.84,"endTime":1136.78,"body":"advance your finance and"},{"speaker":"Stephen McLain","startTime":1133.84,"endTime":1136.78,"body":"accounting career developing a"},{"speaker":"Stephen McLain","startTime":1136.78,"endTime":1140.35,"body":"promotion strategy that will set"},{"speaker":"Stephen McLain","startTime":1136.78,"endTime":1140.35,"body":"you apart. Are you having"},{"speaker":"Stephen McLain","startTime":1140.35,"endTime":1143.92,"body":"difficulty getting recognition"},{"speaker":"Stephen McLain","startTime":1140.35,"endTime":1143.92,"body":"from your leadership, despite"},{"speaker":"Stephen McLain","startTime":1143.92,"endTime":1147.22,"body":"all the hard work you pour into"},{"speaker":"Stephen McLain","startTime":1143.92,"endTime":1147.22,"body":"your job and your organization."},{"speaker":"Stephen McLain","startTime":1147.79,"endTime":1150.25,"body":"This course helps you analyze"},{"speaker":"Stephen McLain","startTime":1147.79,"endTime":1150.25,"body":"what you bring to the"},{"speaker":"Stephen McLain","startTime":1150.25,"endTime":1153.46,"body":"organization, how you can set"},{"speaker":"Stephen McLain","startTime":1150.25,"endTime":1153.46,"body":"yourself apart from your peers"},{"speaker":"Stephen McLain","startTime":1153.67,"endTime":1156.76,"body":"to high visibility work, and"},{"speaker":"Stephen McLain","startTime":1153.67,"endTime":1156.76,"body":"developing your leadership"},{"speaker":"Stephen McLain","startTime":1156.76,"endTime":1161.35,"body":"skills. Plus how you can devise"},{"speaker":"Stephen McLain","startTime":1156.76,"endTime":1161.35,"body":"a strategy to move ahead, you"},{"speaker":"Stephen McLain","startTime":1161.35,"endTime":1164.5,"body":"can go to Stephen mclain.com for"},{"speaker":"Stephen McLain","startTime":1161.35,"endTime":1164.5,"body":"more details."},{"speaker":"Stephen McLain","startTime":1164.56,"endTime":1168.01,"body":"Today on this episode, I talked"},{"speaker":"Stephen McLain","startTime":1164.56,"endTime":1168.01,"body":"about how we can improve the"},{"speaker":"Stephen McLain","startTime":1168.01,"endTime":1171.85,"body":"monthly closed process and I"},{"speaker":"Stephen McLain","startTime":1168.01,"endTime":1171.85,"body":"talked about three areas. Number"},{"speaker":"Stephen McLain","startTime":1171.85,"endTime":1174.97,"body":"one, we should be mapping the"},{"speaker":"Stephen McLain","startTime":1171.85,"endTime":1174.97,"body":"process to understand it better"},{"speaker":"Stephen McLain","startTime":1175.03,"endTime":1179.44,"body":"number two let analysts be"},{"speaker":"Stephen McLain","startTime":1175.03,"endTime":1179.44,"body":"analysts. And number three, we"},{"speaker":"Stephen McLain","startTime":1179.44,"endTime":1183.61,"body":"must improve our monthly close"},{"speaker":"Stephen McLain","startTime":1179.44,"endTime":1183.61,"body":"slides so that they tell a story"},{"speaker":"Stephen McLain","startTime":1183.64,"endTime":1187.33,"body":"next week the episode is going"},{"speaker":"Stephen McLain","startTime":1183.64,"endTime":1187.33,"body":"to be about overcoming in"},{"speaker":"Stephen McLain","startTime":1187.33,"endTime":1188.35,"body":"decisiveness."},{"speaker":"Stephen McLain","startTime":1188.53,"endTime":1191.74,"body":"I hope you enjoyed the finance"},{"speaker":"Stephen McLain","startTime":1188.53,"endTime":1191.74,"body":"leader podcast I am dedicated to"},{"speaker":"Stephen McLain","startTime":1191.74,"endTime":1194.68,"body":"helping you grow your"},{"speaker":"Stephen McLain","startTime":1191.74,"endTime":1194.68,"body":"leadership. I hope you enjoyed"},{"speaker":"Stephen McLain","startTime":1194.68,"endTime":1197.83,"body":"the show. You can get this"},{"speaker":"Stephen McLain","startTime":1194.68,"endTime":1197.83,"body":"episode wherever you find"},{"speaker":"Stephen McLain","startTime":1197.86,"endTime":1202.66,"body":"podcasts and now the podcast is"},{"speaker":"Stephen McLain","startTime":1197.86,"endTime":1202.66,"body":"available on Amazon, you can go"},{"speaker":"Stephen McLain","startTime":1202.66,"endTime":1206.26,"body":"to their music app and you can"},{"speaker":"Stephen McLain","startTime":1202.66,"endTime":1206.26,"body":"find the podcast there. Until"},{"speaker":"Stephen McLain","startTime":1206.26,"endTime":1209.08,"body":"next time, you can check out"},{"speaker":"Stephen McLain","startTime":1206.26,"endTime":1209.08,"body":"more resources at Stephen McLain"},{"speaker":"Stephen McLain","startTime":1209.11,"endTime":1212.71,"body":"calm and sign up for my updates"},{"speaker":"Stephen McLain","startTime":1209.11,"endTime":1212.71,"body":"so you don't miss an episode of"},{"speaker":"Stephen McLain","startTime":1212.71,"endTime":1216.7,"body":"the show. And now, the lead your"},{"speaker":"Stephen McLain","startTime":1212.71,"endTime":1216.7,"body":"team and I'll see you next time."},{"speaker":"Stephen McLain","startTime":1216.88,"endTime":1217.33,"body":"Thank you."}]}