Overview
Most organisations set clear financial targets in terms of revenue, margin, costs and profit. However, few below senior leader level fully grasp how to achieve them, how they are connected and the key actions that will move the needle most effectively.
Te best-run organisations ensure that everyone understands how their actions impact results – from taking a taxi to offering a customer a discount on their order. Once this is the case, you can truly work as a team with everyone pulling in the same direction.
This workshop will help your organisation achieve alignment around your financial KPIs with everyone understanding their part of the jigsaw and the contribution they can make. It is is not a traditional finance workshop explaining how to read financial statements – it is a practical, hands on “How To” guide for your staff to really grasp how they can make a positive difference to your results!
What you'll learn
- Understand the key financial drivers of their organisation
- Understand the crucial difference between profit and cash
- Learn how to identify cash leakage points
- Understand working capital and how to optimise stocks, debtors and creditors to boost
cash flow - Create a “line of sight” between their role and top-level key financial targets
- Recognise how everyday decisions influence revenue, margin, costs and cash
- Be able to translate your organisation’s KPIs into practical behaviours so that they can
make a positive contribution and impact to overall targets - Commit to a 90-day Financial Impact Plan and take ownership of measurable financial
improvement actions
Who is it for?
This is for you, if you:
- Want your employees to understand how their actions and roles influence financial results
- Feel that your financial targets seem disconnected from day-to-day operations and decisions
- See individual departments making decisions based on their own priorities rather than what is best for the entire organisation
- Want to increase the levels of commercial awareness across your organisation
- Want to create a culture of ownership and accountability
