Bahroz Abbas Hussain

Digital World Class® finance organizations complete critical processes 6.3x faster than their peers. Discover how leading organizations are accelerating transformation. Get the insights in The Finance Digital World Class® by the Numbers: Insights From Top Performers infographic: https://lnkd.in/eypp_mar #TheHackettGroup #GenAI #Finance

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Stake holder Management at Work is the key to success, very important is how as a Finance function you understand the need of Business and support and collaborate enough in its building and growth

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For years, finance professionals have been pigeonholed as the “numbers people.” We are known more for our spreadsheets than our strategic vision. I’ve spent over two decades in finance, and I’ve learned that to truly make an impact, you need to break out of that mold. At the end of the day, our job is to make numbers tell a story that drives people to action. Numbers → the Story → Action You need more than skill to become a master at this. You need: - character and integrity - unique personality - transparency - confidence You don’t learn those in business school or accounting class. You learn these from experience. Hopefully, you find a mentor and someone you can rely on to help you grow as a professional. But ultimately the journey starts with a decision to take the first step and never falter on your values and your mission. Once you determine to start that journey, the mold starts to crack. Finance friends: do you feel boxed in? How have you broken out of it and made a unique mark at your company?

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The Modern CFO: Strategy Maker Amid Economic Storms Imagine being a CFO in a world where economic crises clash and everyone’s expectations shareholder employees and customers keep rising. This is the daily challenge faced by today’s CFO. No longer limited to reports and numbers this role is about survival spotting opportunities within disruptions, and leading transformation with courage On the Front Lines: The CFO a Crisis Hero The CFO is now more than just the numbers expert they are a frontline leader expected to maintain the company’s stability amid economic storms. Their decisions are rooted in deep financial insight but go far beyond that; they rely on a market understanding, risk foresight, and a boldness to make game-changing moves. From Overcoming Crises to Building the Future While many see crises as obstacles a successful CFO sees opportunities for growth. Starting with strategic plans to turn risks into chances they champion digital transformation as a necessity not a choice to increase efficiency and ensure business sustainability. They invest in team development and wisely allocate resources to secure continuity. The Weapon of Agility and Innovation Survival now belongs not to the strongest but to the fastest to adapt and the most innovative. The CFO leads this shift setting bold strategies to turn challenges into strengths. From hedging against volatility to restructuring financial operations for flexibility they innovate continuously to achieve stability in uncertain times. Real Impact The modern CFO makes an impact that goes beyond profitability they shape the company’s destiny in an environment that knows no stability, confront challenges with sharp foresight and build a vision that secures success for generations. Here’s to every CFO who sees the future through the fog of crises and leads their company towards a brighter tomorrow amidst endless challenges #CFO #LeadershipInCrisis #GrowthStrategy #DigitalTransformation #Agility #Innovation

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This is a positive #trend as CFOs are in better position to understand the business, operation and able to organise it well.

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Here’s a peculiar thought: Finance leaders are like detectives. Think about it! We sift through numbers, uncover stories, and solve complex puzzles daily. But here’s the twist – it’s not just about being great with numbers. It’s about possessing stellar problem-solving skills. During my career, I’ve found that the ability to solve problems is the true asset for any finance leader. Why? Because: Numbers Don’t Lie, But They Do Confuse → Numbers tell us what happened. ↳ But it takes a keen mind to figure out why. Solutions Drive Growth → Finding problems is easy. ↳ Finding solutions is what propels a company forward. Adaptability is Key → The business world is everchanging. ↳ Leaders need to adapt quickly. Building Trust → Solving issues builds confidence among teams. ↳ It shows you can handle any situation with grace. Cultivating Innovation → Problem solvers don’t just fix issues. ↳ They find ways to prevent them in the first place. As finance leaders in the manufacturing industry, we face unique challenges. From fluctuating raw material prices to economic cycles that feel like roller coasters, we need to be ready to tackle any hurdles. But here’s the fun part – every problem is an opportunity in disguise. An opportunity to: Innovate Collaborate Lead So, let’s embrace our inner detectives and solve the mysteries of finance with enthusiasm and skill. After all, isn’t it exhilarating to turn chaos into strategy?

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Digital World Class® finance organizations are 44% more likely to be valued business partners, delivering impact beyond cost optimization. Want to know how they achieve this? Download The Finance Digital World Class® by the Numbers: Insights From Top Performers infographic for key metrics and insights from top performers: https://lnkd.in/eypp_mar #TheHackettGroup #GenAI #Finance

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Swing It Like a Yorker: Life Lessons from ongoing IPL Just like a well-timed yorker can turn the game around, a well-timed decision can change the course of our workday and here's how we can apply those lessons to our days: 1. Teamwork Makes the Dream Work: If there's one thing IPL teams excel at, it's teamwork. Remember, your colleagues are your teammates, not rivals. 2. Stay Grounded, Score Big : Ever noticed how the biggest sixes come from players who keep their feet firmly planted? Similarly, stay grounded in your values, and you'll hit your career goals out of the park. 3. Adaptability is Key: Just like players adapt to different pitches, we need to adapt to the changing work environment. If Monday throws you a googly, spin it into a productive week! 4. Consistency Over Flashiness: It's not always about hitting every ball for a six. Consistent singles and doubles can lead to a winning score. In work, consistent effort often trumps occasional brilliance. 5. Never Underestimate the Underdog: IPL is full of surprises, and the underdog often steals the show. In the office, give everyone a chance to shine; you never know who might have a match-winning idea. 6. Fitness is Non-Negotiable: Players can't perform without being fit, and neither can we. Take care of your health, and you'll be ready to catch every opportunity that comes flying your way. 7. Celebrate the Milestones: Don't wait for the trophy; celebrate every small victory. Finished that report? Do a little victory dance (maybe not on the conference table, though). 8. Learn from the Losses: Every defeat is a lesson. Analyze what went wrong, make a game plan, and come back stronger, just like our favorite teams. So, let's bring the spirit of IPL into our work life and play the long game. Who knows, you might just become the MVP of your workplace! #IPL #WorkLifeBalance #CareerGoals #TeamSpirit Indian Premier League India

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In the complex world of business, the partnership between the CFO and CEO is essential in steering the company towards growth and excellence. Here’s how a CFO can play a pivotal role in supporting the CEO **Strategic Financial Planning** The CFO provides the financial insights and data necessary for the CEO to make informed decisions. By developing long-term financial plans, forecasting future performance, and identifying potential risks, the CFO ensures that the company is well-positioned to achieve its strategic objectives. *Risk Management* Identifying and mitigating financial risks is a core responsibility of the CFO. By implementing robust risk management frameworks and conducting regular financial audits, the CFO protects the company from unforeseen challenges, allowing the CEO to focus on growth initiatives with confidence. *Performance Metrics and KPIs* The CFO can establish and monitor key performance indicators (KPIs) that align with the company’s strategic goals. By providing regular performance reports and actionable insights, the CFO enables the CEO to track progress, make data-driven decisions, and adjust strategies as needed. *Funding and Capital Structure* Securing the necessary funding for expansion and development is a critical task. The CFO can assist the CEO in exploring various financing options, such as equity, debt, or mergers and acquisitions. By optimizing the company’s capital structure, the CFO ensures that the organization has the financial flexibility to seize growth opportunities. **Operational Efficiency** The CFO can drive initiatives to improve operational efficiency across the organization. By identifying cost-saving opportunities, streamlining processes, and implementing financial controls, the CFO helps enhance the company’s profitability and overall quality. **Stakeholder Communication** Maintaining transparent and effective communication with stakeholders is vital for trust and credibility. The CFO can support the CEO in delivering clear and consistent financial messages to investors, board members, and employees, reinforcing the company’s commitment to growth and quality. **Innovation and Technology** In today’s digital age, leveraging technology is essential for competitive advantage. The CFO can advocate for and manage investments in innovative technologies that improve financial reporting, data analytics, and overall business operations, thus driving the company forward. In summary, the CFO is an indispensable partner to the CEO in the journey of company development. Through strategic financial leadership, risk management, and operational efficiency, the CFO not only supports growth initiatives but also ensures that the company maintains a high standard of quality in all its endeavors. Together, their combined efforts create a resilient and forward-thinking organization poised for long-term success. #Leadership #CFO #CEO #BusinessDevelopment #CompanyGrowth #OperationalEfficiency #StrategicPlanning

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Dive deep into the secrets of successful CEOs with this enlightening guide on the essential tools for top-tier leadership. From maintaining a fluid cash flow to implementing robust profitability analysis frameworks and gaining valuable insights from your balance sheet—this video equips you with the necessary skills to steer your team towards undeniable success. Elevate your business acumen and lead with confidence. ~~~ If you found this helpful, reshare this post to your network and follow me for daily content.

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Caption: "Right-brain thinking: The CFO’s new edge!" LinkedIn Post: As CFOs, we’ve long been valued for our analytical precision and left-brain thinking. But as today’s business landscape evolves, there’s a new edge to our role: right-brain thinking. Embracing creativity, intuition, and big-picture vision is changing how finance leaders drive value and resilience. 🎨 Why It Matters: Right-brain skills go beyond traditional finance. They help us see patterns early, approach challenges from fresh perspectives, and innovate under pressure. In a world of rapid change, this balance makes us agile, forward-thinking leaders. 🔍 Balancing Both Sides: Imagine tackling a financial forecast not just with numbers but with a visionary lens that anticipates market shifts. Or using empathy to build a collaborative team culture. The CFO who combines logic with creativity isn’t just surviving—they’re leading change. 💡 How Are You Innovating? Are you using creativity to make financial strategy a driver of growth? Let’s embrace both sides of the brain to shape the future of finance. #CFO #RightBrain #Innovation #CreativeLeadership #FutureOfFinance

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The Dance Between Revenue and Profitability 🌟 📊 As finance professionals, we often find ourselves immersed in complex models, intricate spreadsheets, and dazzling financial jargon. But let’s take a step back and revisit the timeless wisdom that underpins it all—the basics. 🔑 The Foundation: Basics Matter In the ever-evolving world of finance, it’s easy to get swept away by the allure of cutting-edge analytics and disruptive technologies. Yet, our foundation remains steadfast: understanding the basics. Whether you’re a seasoned CFO or a fresh-faced analyst, these fundamentals are our North Star. Revenue ≠ Success: The Vanity Trap Revenue—the lifeblood of any business. It’s the grand entrance, the spotlight on stage. But let’s not mistake the entrance for the entire performance. Vanity Metrics: Revenue growth can be intoxicating. We celebrate soaring top lines, champagne toasts, and headlines. Yet, revenue alone doesn’t tell the full story. It’s the glittering mask that hides the truth. Profitability: The Sanity Check Profitability—the quiet backstage whisper. It’s where the real magic happens. The Bottom Line: Profitability reveals the orchestra behind the scenes—the cost of production, operational efficiency, and sustainable growth. Net Profit Margin: Are we dancing gracefully or stumbling? Profitability ratios—our choreography—show us the truth. A high revenue without profitability is like a waltz without rhythm. The Dance of Balance Imagine a tango: Revenue leads, but profitability guides. They move together, intertwined. Strategic Pricing: Revenue optimization meets cost control. Pricing decisions impact both. Are we pirouetting toward value or spinning into losses? Risk Management: Profitability cushions us against market storms. It’s our umbrella when the rain falls. The Symphony of Longevity Businesses aren’t sprinters; they’re marathon runners. Sustainability matters. Cash Flow: Profitability fuels cash flow—the oxygen of survival. Without it, even the grandest ballroom collapses. Investor Confidence: Wise investors look beyond the dazzle. They seek sanity—the promise of consistent returns. 🎩 The Encore: Wisdom in Action Let’s honor the basics. Let’s teach them, live them, and pass them on. Because behind every dazzling financial report lies the heartbeat of sanity—the pursuit of sustainable success. 😎

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"Life begins at the edge of your comfort zone." The more senior you become in your FP&A career, the bigger your comfort zone gets. That means you need to regularly take inventory of it and consider what you can do to challenge yourself. That's critical to making progress in your career because only when you do things that are at the edge of your comfort zone do you keep making big leaps that prepare you for the next step. Because keep in mind - the easiest and safest way to promote someone is to find someone who is already doing the things that are expected at the next level.

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Unleash the Power of Marginal Contribution Understanding your profit margins is crucial, but diving deeper into marginal contribution can be a game-changer for your P&L analysis. What is marginal contribution? It's the amount each unit of a product contributes to covering fixed costs and generating profit after variable costs are deducted. Why is it important? -Pricing Strategy: Optimize product pricing based on contribution margin to maximize profitability. -Product Mix: Identify the most profitable products to focus on and allocate resources effectively. -Cost Management: Pinpoint areas where cost reductions can significantly impact your bottom line. -Break-Even Analysis: Determine the sales volume needed to cover fixed costs and achieve profitability. You can make data-driven decisions that drive business growth and profitability by mastering marginal contribution. #marginalcontribution #P&Lanalysis #financialanalysis #businessgrowth #profitability #costmanagement #pricingstrategy Do you leverage marginal contribution in your business? Share your experiences in the comments!

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CFO KI PATHSHALA: The Evolving Role of the CFO The CFO as a Catalyst for Digital Transformation In the current business environment, the role of the Chief Financial Officer (CFO) has evolved significantly beyond traditional financial oversight. CFOs are now integral leaders in driving digital transformation, guiding organizations through change, and fostering innovation. By streamlining processes and enhancing operational efficiency through digital initiatives, CFOs leverage technology to ensure data accuracy and facilitate informed decision-making. This leadership is crucial for maintaining competitiveness in an increasingly technology-driven marketplace.

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