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Module 1: Introduction to Finance5 Lessons
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Module 2: Financial Concepts and Principles5 Lessons
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Module 3: Financial Planning and Cash Flow Management5 Lessons
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Module 4: Building Your Financial Model5 Lessons
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Module 5: The Financial Implications of Business Decisions5 Lessons
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Module 6: Interpreting Financial Data and Analyzing Performance5 Lessons
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Module 7: Managing Finance Through Your Business Life Cycle5 Lessons
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Module 8: The Requirements of a Modern-Day Finance Function5 Lessons
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Module 9: Positioning Your Finance Team for Growth and Expansion5 Lessons
Involving your finance team in key decisions
Dan Wells March 24, 2023
Involving your finance team in key decisions can be a great way to ensure that all angles are considered before making a decision. It helps to build trust between management and the finance team, giving them a voice in the process and helping to encourage collaboration.
During this video, experienced CFO and CEO Stuart Trood provides insights into how finance teams can support decision-making by providing other departments with the right data:
Modern-day finance functions are handling huge amounts of data, including both financial and non-financial. In many instances, your teams will consider the non-financial data to be as important, and potentially even more important, than the financial information.
It is important for business leaders not just to involve their finance team, but to ensure that the team is empowered to weigh in on decisions. Provide your finance team with the information and resources they need to make an informed decision. Encourage them to ask questions and challenge assumptions. This helps foster a culture of open dialogue, critical thinking, and trust.
