Waymark Solutions

Services To:

• Senior Management
  • Team Balanced Scorecard
  • Case Study: Critical success factors and performance indicators
• Finance Team
  • Convert your Finance monthly reporting into a decision based tool
  • Course Flyers for In-house courses
  • One day workshop on KPIs
  • Review of the Budgeting and Forecasting Process
  • Team Balanced Scorecard
  • Case Study: Critical success factors and performance indicators
• Corporate Service Teams
  • Case Study: Critical success factors and performance indicators
  • Team Balanced Scorecard

• Workshop Topics
• Upcoming Workshops

12 Ways to Improve Your Finance Team's Performance Within Six Months

Home > Workshops > Accountants > 12 Ways to Improve Your Finance Team's Performance

This course is based on David Parmenter's first section of his ground breaking book "Pareto's 80/20 rule for corporate accountants" which covers the better practices from "winning" finance teams around the world.

As accountants we are all aware of Pareto's principle, but unfortunately seldom apply it.  Why is it that we spend months on an annual planning process that we know is flawed? Why is it we spend many days preparing a monthly report that is informing management well and truly "after the horse has bolted"? Why do we produce a 30+ page finance report for the senior management team?

Around the world some exceptional corporate accountants have questioned the status quo and implemented practices that have revolutionised the value the corporate accounting team can generate. These successful corporate accountants spent more time in the 20% of issues that really matter and have been ruthless with the time the team spends on the 80% of issues that are less important. These better practices have been incorporated in this workshop.

This workshop equips controllers, CFOs, management and financial accountants to radically transform their contribution to their organizations, maximize their job satisfaction and profile, and leave a legacy of efficient and effective processes in every organization they work in.

Content

• 21^st century accounts payables systems that are affordable
• timely month-end reporting
• making monthly reports worth reading
• limiting time spent in Board reporting
• timely annual planning process - 10 working days or less!
• managing the accounting team
• quick annual reporting- within 15 working days post year-end
• managing debtors
• marketing the accounting team
• improving relationships with budget holders
• working smarter not harder
• maximizing the use of the GL

Target audience

Finance Director, CFO or Financial Controllers, all corporate accountants in all sectors.

Consultants and practitioners who offer services to corporate accountants.

Benefits of attending

Upon attending you will have:

• a sound understanding of the critical success factors for a "winning finance team"
• an in-depth understanding of how to complete month-end reports by 3 working days, annual accounts inside 15 working days, and the annual plan in two weeks
• over twenty reporting templates for daily, weekly and monthly reporting
• checklists, workshop agendas, useful memos and timeframes for the various implementations covered in the course
• an understanding of how to process re-engineer using "post-it" stickers
• an insight on how to sell change to the Board, Senior Management, and Budget holders

CPD Hours

Up to 3.5 hours

Presenter

David Parmenter is the CEO of Waymark Solutions, a performance management company. He is an international presenter who is known for his thought provoking and lively sessions, which have led to substantial change in many organisations. David is a leading expert in:  the development of winning KPIs, replacing the annual planning process with quarterly rolling planning, quick month-end processes and converting reporting to a decision based tool.

His work on KPIs has received international recognition. His white paper on www.bettermanagement.com was the most downloaded paper in 2005 on that site. He has speaking engagements in 2007 as far a field as Auckland, Wellington, Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth, Kuala Lumpur, Singapore, Dublin, London, Birmingham, Manchester and Edinburgh.  John Wiley & Sons Inc have published his first two books "Key Performance Indicators - developing, implementing and using winning KPIs" and "Pareto's 80/20 rule for Corporate Accountants".

David has an in-depth understanding of better practices of corporate accountants across all sectors. David has also worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse.  David is a fellow of the Institute of Chartered Accountants in England and Wales.

He has presented to over 5,000 accountants in Ireland, Scotland, England, Malaysia,  Australia and New Zealand, and written over 30 articles for the accounting and management Journals including "quarterly rolling planning - removing the barriers to success", "Throw away the annual budget", "Beware corporate mergers", "Implementing a Balanced Scorecard in 16 weeks not 16 months", "Convert your monthly reporting to a management tool", "Smash through the performance barrier", "Is your board reporting process out of control?"  "Implementing winning Key Performance Indicators", "Quick month end reporting" etc.