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July 26, 2016

Savings Trades One Opportunity for Another (Series 4 of 5)

Savings Trades One Opportunity for Another (Series 4 of 5)

When I first started this series of posts, I mentioned that it was in response to the thoughts Kelly Barner shared on procurement’s hierarchy of needs: first savings, then compliance, moving on to risk and finally — collaboration. So, for procurement, savings is the most fundamental need. No other goals or objectives can realistically be addressed unless the organization’s spend is being efficiently negotiated and managed.

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July 19, 2016

The CFO’s Bread and Butter: Compliance & Risk (Series 3 of 5)

The CFO’s Bread and Butter: Compliance & Risk (Series 3 of 5)

CFO’s Bread and Butter: Compliance & Risk

Thanks for joining our series of posts comparing how factors such as timing and cost are seen differently by finance, procurement and legal.

Compliance and risk are no different. While procurement may see compliance and risk management as being a few rungs up their strategic maturity ladder, for finance — and legal, I might add — they are the bedrock of our existence in the organization. If a CFO isn’t focused on ensuring compliance and risk management, he or she isn’t going to be in that job for very long.

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July 7, 2016

A CFO’s View of Timing (Series 2 of 5)

A CFO’s View of Timing (Series 2 of 5)

Timing is everything to a CFO, as they say, so let’s talk about the importance of timing in finance.

It probably goes without saying that accuracy is the bedrock of sound financial decisions. At the same time, often the pace of business requires finance to make decisions before influencing circumstances become certainties. As a CFO, my confidence in each decision is tied to how far into the future I have to project data in order to make a judgement call.
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June 23, 2016

Finance CFO Introduction (Series 1 of 5)

Finance CFO Introduction (Series 1 of 5)

When you’re a CFOno matter what company you happen to work for – it’s hard not to take a straight line finance perspective. As the CFO of Determine, I’m constantly faced with the challenge of balancing the requirements of finance and accounting with the needs of procurement and legal. After all, they are our customers too.

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