Compass

A discussion on business and corporate culture

Strategic Planning, Budgets, Forecasting, Fractional CFO, Financial Reporting, Fractional COO, Accounting, Montly Financial Package, KPIs John Mortenson Strategic Planning, Budgets, Forecasting, Fractional CFO, Financial Reporting, Fractional COO, Accounting, Montly Financial Package, KPIs John Mortenson

The new year is here, what should I be doing differently

Now that the new year is here, Chief Financial Officers (CFOs) are faced with a crucial period for setting the financial trajectory of their organizations. The beginning of a new year is an opportune time for CFOs to strategize, plan, and ensure financial resilience. Actually, Q4 is the best time to address these issues but if you haven’t done these yet there’s still time…but not much

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KPIs, Budgets, Financial Reporting, Strategic Planning, Accounting, Fractional CFO, Fractional COO John Mortenson KPIs, Budgets, Financial Reporting, Strategic Planning, Accounting, Fractional CFO, Fractional COO John Mortenson

The Importance of KPIs

How do you know you are on track to meet or exceed your company’s goals? Financial Statements are lagging indicators; they tell you what has happened in the past. Good KPIs can be leading indicators, showing you where your ship is headed. When the goal is lettuce…and your team produces carrots, be prepared to steer the ship back on course.

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