#SITN Strength in the Numbers Show
About
Available on
Community
387 episodes
“You have this burning sensation to change and it needs to build and build before you tip over and are ready to change.” An interesting thought from Michael Mills, this week’s guest mentor, on the key focus of our roles in Finance. We also discuss: - The importance of putting the customer at the heart of every decision - Tips to get up to ahead when starting on transformation programs - Why finance professionals sometimes have to play the “agony aunt” role - What is burningness and why is it important? Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #sitn
ESG has been growing in popularity in recent years, however it also introduces an entirely new set of incentives for finance professionals to have to consider as part of our organizations’ decision making processes. In this bite-sized episode we examine what ESG might mean for fellow finance professionals. #FinanceMentor #SITN
“It's an opportunity that you can't manufacture that online.” An interesting comment from Aidana Zhakupbekova, this week’s guest mentor, on the key focus of our roles in Finance. We also discuss: - Making the most out of roles you’re not enjoying particularly earlier in our careers - A surprising early decision she made as start-up CFO - What is a summer office and why you can’t manufacture the experience online? - The importance of asking the question of how can I help? Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #sitn
As we approach the end of the summer in the Northern Hemisphere what key trends and patterns are we seeing emerging that might impact our outlooks as finance professionals for the remainder of the year? In this bite-sized episode we share what some CEOs are currently saying from a recent Fortune Magazine survey. #FinanceMentor #SITN
“When we share those skills with others, it's what really unlocks a lot of power within those” An interesting take from Leona Mondsee, this week’s guest mentor, on the key focus of our roles in Finance. We also discuss: - How to get better recognition for your efforts. - The importance of engaging and sharing your skills - What business partnering means to Leona. - Why CFOs need to be closer to growth. Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #sitn
Most finance professionals know that leveraging big data can result in amazing benefits to their organization with regards to cost and time reductions, improving decision-making, and product and service development. However they also know there are many challenges with it too In this bite-sized episode we share what some of these challenges are and thoughts on how to overcome them. #FinanceMentor #SITN
Given all the progress in digital technologies, work practices, finance knowledge, appreciation of the importance of good mental wellbeing and physical health why do I hear from our audience that often times finance teams are not progressing & developing as fast as they should and so risk being made irrelevant. In this bite-sized episode we share with you why some Finance teams are stuck at sea and what can be done about it. #FinanceMentor #SITN
A modern mantra we hear often to today is to fail fast and fail often, to show up with some vulnerability to our mistakes, but when it comes to our finance leaders some of us are perhaps a bit slower when it comes to admitting our failures and mistakes. In this bite-sized episode we share with you why this is and some tips on what we can do about it. #FinanceMentor #SITN
When you started your career in Finance what were your expectations? Was it for a fast, upward, linear, successful careers in return for working hard? Or were your expectations for a different curve? Actually it turns out there or two general curves to Finance Career Happiness. In this bite-sized episode we share with you what these are and how you can surf them. #FinanceMentor #SITN
What’s actually in these numbers? Or Does that forecast include the challenge assumption we made? Where is it? Have you ever spent the first few minutes of a meeting debating what the numbers really represented, the assumptions, latest up to date version, and so … ending up with everyone more confused than when it started? In this bite-sized episode we share with you how this can happen from time to time as well as some ways finance can sort this out? #FinanceMentor #SITN
Since more of us started working from home in finance a lot of the advice to leaders and budget holders is about how can they sustain the productivity of their people & teams working remotely in a hybrid environment, which is sort of more sort of hard stuff, as opposed to some of the softer things actually maybe overlooking like the power & benefits of showing kindness. In this bite-sized episode we share with you one of the surprising benefits some researchers identified in a recent HBR article as well as some tips on how we can also leverage the power of kindness at work in Finance. #FinanceMentor #SITN
Good health, purpose, connection, love, learning, are vital to living our lives to the most we can. Organisations have similar vital requirements to generate the necessary cashflow to ensure it is a going concern, and even on a wider scale so does society too. In this bite-sized episode we share with you why the work of the modern finance professional is so vital. #FinanceMentor #SITN
Imagine feeling powerless in a situation and not knowing what to do next, we’ve probably all been there however Adam Grant, author of Give and Take and the Originals, had this interesting idea of the power of powerless communications. In this bite-sized episode we share with you the three key premises of his idea and when and when not to use them. #FinanceMentor #SITN
Whether it is having to make a call on a particular business case; set a budget for a business unit or even resolve whether to take that promotion in another organization finance professionals have to advise on and make a lot of decisions in a very uncertain and complex environment. (It probably only gets more pressurized the more-experienced you are) In this bite-sized episode we share with you some of the pointers from the Back to the Future movie franchise and the book “Thinking in Bets” by Annie Duke that make help you improve your chances of better decision outcomes. #FinanceMentor #SITN
Given finance professionals operate in a volatile, uncertain, complex and ambiguous world a lot of organizations are currently doing fundamental reviews of their business models to understand how they can accelerate the pace of change even further in such an environment. In this bite-sized episode we share with you some of the pointers from McKinsey’s recent CFO survey and what it means for our finance teams and careers. #FinanceMentor #SITN
There’s a lot going on at the moment, between wars, pandemics, technological changes, climate factors, but what if we’ve already been here before, what if we could look to the past to guide us so we know how best to respond? In this bite-sized episode we share with you a brief review of the book, principles for dealing with the changing world order by Ray Dalio and what it means for our finance teams and careers. #FinanceMentor #SITN Link to charts and data: https://www.economicprinciples.org/DalioChangingWorldOrderCharts.pdf Links upcoming events: Why the Best Finance and Procurement Leaders Work Together: https://www.p2pnetwork.org/events/p2p-transformation-summit.html Is finance business partnering still the route to success in a digital world?: https://summit.generationcfo.com/talks/is-business-partnering-the-next-step-for-finance/ Crafting Value: How Data/Digital is Reshaping FP&A: https://dynamic.afponline.org/fpaseries/p/1
“Finance is a door to everything, it's a foundation to everything.” According to today’s guest mentor Gary Cox, who also helps us deconstruct on the #sitn podcast: • The three things that FP&A practitioners are talking about • We discuss the role of the CFO and the sea change that is happening with it so that it has grown • How incentives and risk profiles play a bit role in how finance professionals should think about supporting business decisions • Why data is the foundation of all the things we want to do; and • Why accounting & finance professionals inherent scepticism is both terrible and wonderful Check out https://sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #career
According to a recent Microsoft Trends Index hybrid work is here to stay, and even though talent is now everywhere and productivity is higher, there is more exhaustion so how can finance professionals ensure that teams they’re part of continue to be higher performing? In this bite-sized episode we share with you four areas to consider to build high performing teams in this hybrid world to ensure you do more of the right things more often. #FinanceMentor #SITN
“When the rate of change on the outside is greater than the rate of change on the inside, then the end is near, right? You're in trouble.” According to today’s guest mentor Bryan Lapidus, who also helps us deconstruct on the #sitn podcast: • The three things that FP&A practitioners are talking about • We discuss the role of the CFO and the sea change that is happening with it so that it has grown • How incentives and risk profiles play a bit role in how finance professionals should think about supporting business decisions • Why data is the foundation of all the things we want to do • Why accounting & finance professionals’ inherent scepticism is both terrible and wonderful Check out https://sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #FP&A
Across the world, hundreds of thousands of finance professionals are leaving their jobs, their organizations and in some cases the profession entirely with 60% of HR leaders significantly concerned about employee turnover, causing urgent problems for finance leaders who rely on talent to achieve critical business outcomes, a problem also called the Great Resignation In this bite-sized episode we share with you how to categorize this attrition crisis for finance leaders & professionals as well as two key questions you can ask to ensure you do more of the right things more often. #FinanceMentor #SITN Link to short Gartner video: https://www.youtube.com/watch?v=bvC8UfRA13o
“They are the architects of your organization” An interesting take from Francesca Valli on the role of the CFO and Finance & Accounting organization with regards the rapid evolution of technology who also shares with: - How Artificial intelligence is really cognitive intelligence automation when applied to finance & accounting teams - Three things finance can do to become the architects of our organizations - Why Technology is more an evolution than revolution and how we can benefit from the current technology trends in accounting & finance. Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #sitn
It’s so simple a kid can understand it! This is what came up in a conversation off air during a podcast interview we had recently. In this bite-sized episode we share with you this bit of advice and how it can help you as you set yourself up to do more of the right things more often in Finance. #FinanceMentor #SITN #GettingYourHouseInOrder
“That's what we as accountants do, we put structures to things.” Great advice from this week's guest mentor Ifeoma Okonkwo who shares with: - An introduction to where finance & accounting teams can drive value in their organizations. - The importance of having good foundations and what these might look like - Her Eureka moment and current work in the music industry with artists. - How to consider monetizing intangible assets, creative works and valuing intellectual property. - Why Ifeoma recommends that finance professionals collaborate more with each other. Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #sitn
Why do cars have brake pedals? And the answer is not always necessarily for the functional reason of bringing the car to a complete emergency stop. It’s more psychological, it’s to allow the driver to go faster in the knowledge that if there’s a risk on the road ahead, that it is possible for them to take evasive action or slow down to better assess it. for it to come to a stop. In this bite-sized episode we share with you 4 reasons why cyber risk management can be seen as that brake pedal to help businesses slow down to go faster towards driving business value. #FinanceMentor #SITN
“Cyber is a material risk that must be treated appropriately, but there's a second responsibility that I really want to point out, which is you have to make sure that the cybersecurity budget is creating as much business value as possible.” Great advice from this week's guest mentor Kip Boyle who shares with us the importance of: - Why Cyber should be now treated as a material risk to the going concern of an organization. - The important role Finance leaders can play in cyber risk management as well as the potential pitfalls to be aware of. - Emerging trends in cyber risk management. - And we go through a 4-dimensional model to help frame and prioritize resource allocation decisions involving cyber risk management. Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #riskmanagement #sitn
“We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” Roy Amara futurist. We’ve lately had some guest mentors talking about the applications of AI in #finance and #accounting during their interviews so in this bite-sized episode we share with you 3 key decisions and 3 key catalysts to maximize the return on our AI Initiatives. #FinanceMentor #SITN
“I think leadership is all about values, the kind of values that resonate with you as an individual.” Great advice from this week's guest mentor Sangeeta Sumesh who shares with us the importance of: - Transitioning from an executive CFO role towards an entrepreneurial path - Deconstructing Leadership and values in a memorable way - What possessed her to write a thriller book as well as other finance books - Managing yourself, the most important thing we need to be doing as a modern finance professional Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #financecareer #sitn
“Alone we can go fast, together we can go far,” African proverb. This how I ended the talk I was giving to an audience of Finance & Accounting professionals earlier this week and it helped answer a question from the audience about ways in which we could add value in our own teams. In this bite-sized episode we share with you the SAS approach to where and how Finance teams can add value. #FinanceMentor #SITN
“So from a forecasting perspective, it's not about getting the right forecast, but it's understanding what the boundaries might be of the possible outcomes that you face.” Great advice from this week's guest mentor Gordon Stuart who shares with us the importance of: - the purpose of forecasting really is and how Gordon draws from his early consulting experiences with McKinsey has informed how he approaches his Finance work - We examine artificial intelligence (AI) and why businesses are slow in adopting technologies like this but also where it can be readily deployed in Finance - The real objective of communication and where finance professionals can improve the effectiveness of their communications with decision makers - The importance of collecting experiences like badges Check out sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos. #financementor #financecareer
“Self-awareness comes from asking and answering hard questions,” Stephen Covey. In this bite-sized episode we share with you two worrying statistics finance leaders and professionals need to be mindful of and how also three potential approaches to address them. #FinanceMentor #SITN
