TGIF: Transform Grow Innovate the Finance Function
5.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
7 students enrolled

TGIF: Transform Grow Innovate the Finance Function

The How To Guide For Any Finance Function To Become More Strategic and Influential
5.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
7 students enrolled
Last updated 8/2019
English
English [Auto]
Current price: $55.99 Original price: $79.99 Discount: 30% off
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This course includes
  • 3 hours on-demand video
  • 8 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • This is a course in finance transformation. In fact, it’s more than a course, it’s a guided journey of self-evaluation, reflection and strategic planning to propel your finance organization forward. Not only are organizations under fire to keep up with internal and external forces that require adaptation and change, so to are the finance functions that support the organization. The modern finance function has never had as great an opportunity as it has today to play a strategic advisory role inside any organization. Yet, most finance leaders and those working in the finance organization find themselves still buried in transactional processing. This course shares with you a path forward by first understanding where you as a finance leader or aspiring finance leader, and your finance organization stand today. From there, you will learn for yourself the end goal, whether its to be a partner in business or a trusted advisor internally and externally on behalf of management. Through the exercises included with this course, you will plot a course forward to transform finance.
Requirements
  • None
Description

This is a course in finance transformation. In fact, it’s more than a course, it’s a guided journey of self-evaluation, reflection and strategic planning to propel your finance organization forward. Not only are organizations under fire to keep up with internal and external forces that require adaptation and change, so to are the finance functions that support the organization.

The modern finance function has never had as great an opportunity as it has today to play a strategic advisory role inside any organization. Yet, most finance leaders and those working in the finance organization find themselves still buried in transactional processing. This course shares with you a path forward by first understanding where you as a finance leader or aspiring finance leader, and your finance organization stand today. From there, you will learn for yourself the end goal, whether its to be a partner in business or a trusted advisor internally and externally on behalf of management. Through the exercises included with this course, you will plot a course forward to transform finance.

Who this course is for:
  • Intended for manager, directors and executives working in the finance function
Course content
Expand all 23 lectures 03:01:40
+ Introduction
1 lecture 02:45

Throughout the course you will be directed to complete exercises in the workbook that forms an integral part of the course. By the end of the course, you'll have a great start on our own transformation plan and plenty of ideas of where to start, how to start and what to look at.

Preview 02:45
+ Personal Transformation
4 lectures 27:00

You can't begin thinking about transforming your finance function without first understanding what you bring to the table. In the first few modules, we are going to walk through a reflective exercise to better understand ourselves.

Preview 14:00

In this module, you will make a series of decisions to frame your strategic direction. These inter-related group of decisions will get you thinking about the types of roles, organizations, and finance function you want to work with in your career.

Your Strategy
03:24

We like the SWOT analysis and often use it a reflection tool to assess the current situation. In this lesson, I'm going to ask you to do the same. Where are you today and what lies ahead?

Personal SWOT
05:10

Having completed your SWOT, what does it mean? How doesn't your SWOT help you determine what to do next? Are you ready to transform or do you need more consolidation first?

Interpreting a SWOT
04:26
+ People Transformation
7 lectures 01:00:50

This is a super important lesson because this maturity model will help you evaluate your current finance organization and supply you with all sorts of ideas for improving further.

Maturity Model for Any Finance Organization
12:22

In this lesson, we will show you how we use this tool with our finance teams. This a group reflection exercise which is extremely powerful in terms of building buy in for finance transformation. Download the Excel tool and try it with your team!

Maturity Assessment
03:47

The same way you reflected on your own personal situation, having your team reflect and prepare a functional SWOT is a great way for them to see for themselves where things stand today and what the future could hold.

Functional SWOT
04:45

In this module, we will look at how the finance organization could and should be structured. Structure dictates and supports mandate.

Structuring the Finance Function
09:48

What's the secret to transformation? People. How you connect and lead your team will directly determine how well and how fast your transformation initiative will unfold. In this module, we share a few ideas for making a deeper connection with our team.

People Transformation Ideas
10:09

Some people change on their own, but most career-minded professionals can benefit from guidance. In this module, we will look at how we coach and mentor staff to grow their professional and executive competency.

Coaching and Mentoring
06:11

Running a successful finance organization is a team sport. Your success is directly correlated to how well the team you assemble can work together. In this module, we will explore the principles of developing really strong teams.

Team Transformation
13:48
+ Process Transformation
3 lectures 28:05

How effective in your financial close process? There is no better indicator of finance organization maturity than how efficient and effectively this process works. In this module, we will explore the common challenges.

Process Transformation
04:01

Using the principles of Lean Management, you can evaluate and redesign any business process to improve the effectiveness and cost of processing the transactions of business. Unbelievable efficiencies can be achieved through a thoughtful and deliberate approach to business process improvement as you will lean about in this module.

Business Process Transformation
10:15

In this module, we will explore strategies for streamlining your financial close process.

Close Process Transformation
13:49
+ System Transformation
6 lectures 41:30

In this module, let's discuss how Excel should be deployed in our finance transformation initiative. Few finance functions can eliminate it's use, but there are a few best practices to keep in mind.

The Problem with Excel
08:05

In this module, let's explore systems thinking. The pinnacle of finance transformation comes from leveraging technology, so let's explore a few ideas of what you should be exploring.

System Transformation
06:15

The decision has come that it's time for an upgrade or a new system all together. What are you in for? In this module, we will highlight the major milestones of a system conversion.

Changing Systems
04:17

In this module, we briefly look at a few of the currently emerging technologies. However, this is an every changing landscape and a core competency of the modern financial executive is to maintain an awareness of technology adoption across the finance realm.

Emerging Technology
05:34

This is perhaps one of the most underappreciated aspects of finance today, that is how we choose to report and communicate results to our stakeholders. In this module, we will discuss principles for creating eye opening-insightful, action-driven, and decision-relevant reports.

Transforming Reporting
09:59

Dashboards are more than reports. A good dashboard is the foundation of dialogue. It's a succinct encapsulation of the cause and effect drivers of business performance. It's the agenda for discussion. In this module, we will share principles for creating an impactful dashboard.

Transformative Dashboards
07:20
+ Making Transformation Reality
2 lectures 21:30

Time to plot your future course. Using all that has been discussed in this course as well as your own ideas for finance transformation, what are the tactics that are going to help you mature your finance organization. In this module, we will talk you through how you get started on making your transformation dream and reality.

Plot Your TGIF Plan
08:12

In our final module, we will give you the crash course in change management principles. Why? Because transformation begins and ends with people and people are notoriously difficult to align. Transformation almost always entails a degree of "extra work" and "unlearning the old way." Even if the future state holds more promise than today, it will take carefully laid plans, strong communication, and inclusive approaches to get your team buying into your transformation initiative.

Change Management and Wrap Up
13:18