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Patrick IbarraPatrick IbarraThe Mejorando GroupThe Mejorando Group
Role of the Finance Role of the Finance Director in Director in
Today’s New RealityToday’s New Reality
CSMFO 2010 Annual Conference
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““We can’t solve We can’t solve problems by using problems by using the same kind of the same kind of thinking we used thinking we used when we created when we created
them them – – Albert EinsteinAlbert Einstein
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Finance Director
Role
Finance Director
Role
EconomyEconomy
Service Delivery
Service Delivery
Staff TurnoverStaff TurnoverFinance Profession
Finance Profession
Legislation & Legal
Legislation & Legal
MediaMedia
Elected Officials
Elected Officials
Change Factors…
Technology
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Changing Role…Changing Role…
Transactional to ConsultativeTransactional to Consultative Compliance centric to results Compliance centric to results
orientedoriented Functional to PartnershipFunctional to Partnership Staffing to Talent ManagerStaffing to Talent Manager Updates to ForecastUpdates to Forecast
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Change in Change in Focus/ChallengesFocus/Challenges
Shifting terrain= fluidityShifting terrain= fluidity Transactions much more Transactions much more
complexcomplex Public expectations for Public expectations for
outcomes, not inputsoutcomes, not inputs Decentralized decision makingDecentralized decision making Information requirementsInformation requirements
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Challenges Challenges Continue…Continue…
Resource limitationsResource limitations Exploding technologyExploding technology Uncertain economyUncertain economy Expectations – citizen, elected Expectations – citizen, elected
officials, etc.officials, etc. E-commerce and M-commerceE-commerce and M-commerce Workforce DemographicsWorkforce Demographics RegulationsRegulations
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Role of the CFO: Leader & StewardRole of the CFO: Leader & Steward
CFO
CFO CFO Organization Organization ManagementManagement
Stakeholder Management
Management Advice &
Performance ManagementPlanning &
Resource Management
Financial Accounting &
ReportingRisk
Management & Control
Policy Development
Leadership
Stewardship
Public Sector CFO MANAGEMENT FRAMEWORKTM
Source: Deloitte & Touche, LLP
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Keys to New Role Keys to New Role Establish clear Establish clear
governance/accountabilitygovernance/accountability Attract and retain top performersAttract and retain top performers Fortify relationships Fortify relationships Integrate processes and services with Integrate processes and services with
operational improvementsoperational improvements Develop a Performance Dashboard.Develop a Performance Dashboard. More reports don’t always equate to More reports don’t always equate to
better communicationbetter communication Develop technology master planDevelop technology master plan
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Who are we?Who are we? A Consulting PracticeA Consulting Practice What do we do?What do we do? Partner with organizations and Partner with organizations and
implement solutions to improve organizational implement solutions to improve organizational performance.performance.
How do we do that?How do we do that? We provide expertise in:We provide expertise in:Organizational Effectiveness StrategiesOrganizational Effectiveness StrategiesChange ManagementChange ManagementSuccession/Workforce PlanningSuccession/Workforce PlanningTeam BuildingTeam BuildingLeadership and Management Skills TrainingLeadership and Management Skills Training
How do you contact us?How do you contact us? Patrick Ibarra, 925-518-0187 or Patrick Ibarra, 925-518-0187 or [email protected] [email protected]
Web addressWeb address:: www.gettingbetterallthetime.com www.gettingbetterallthetime.com
Our mission is to help organizations and Our mission is to help organizations and their members “get better all the time”their members “get better all the time”
The Mejorando Group The Mejorando Group