Derek Mackey

Through the leadership of an interim FP&A director with expertise in Adaptive, a $1 billion retail company automated its financial reporting infrastructure within weeks, overcoming unexpected staff losses and tight deadlines.    Delivered outcomes as part of this engagement included:  1) Established top-to-bottom P&L integrity  2) Automated daily finance KPIs  3) Enhanced reporting granularity  4) Provision of a roadmap for future Adaptive enhancements    Read the full case study: https://lnkd.in/gNpH3cjG.    #casestudy | #interimexecutiveservices | #financialplanningandanalysis 

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Does your CFO merely take notes, or do they actively question your executive team? Now, try to identify which approach is considered a warning sign by Flg Faucet Company Partners. Dive into the recent insights shared by my colleague @Anne Samak de la Cerda. https://gag.gl/d2rki1 #CFOLeadership #CEOInsights #FinanceTeams

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Today’s companies are struggling to sustain accounting talent and beginning to look at how they can blend full-time talent with strategically placed interim talent. Historically, many companies have filled roles in FP&A, audit, financial reporting and the CFO or controller chair with employees who have previously worked for an accounting firm. However, the dynamics have changed in recent years where many roles in accounting are now outsourced to interim talent. The narrower pipeline of new accounting graduates plus a high rate of retirement in the industry can leave the employees that are left overworked, increasing the likelihood of mistakes. This means that it’s essential to support a company’s finance function by investing in interim talent that brings the skills, experience, and stability the business might be missing to extract maximum value. Quaestor Consulting Group ("QCG") is a premier transformation, restructuring, and business advisory firm that maximizes value creation by offering clients in businesses and real estate invested in or owned by alternative investment firms a streamlined approach to transformative leadership and sustainable growth. This article is being made available for informational purposes only and should not be construed as legal, regulatory, tax, accounting, or investment advice on any subject matter. The information provided expresses the views of the author as of the date indicated and such views are subject to change without notice. QCG has no duty or obligation to update the information contained herein. Certain information contained herein is based on or derived from information provided by independent third-party sources. QCG believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. QCG makes no representation, and it should not be assumed, that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit there is also the possibility of loss.

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I was hiring for a Financial Planning and Analysis (FP&A) role within my team and I uncovered something shocking! Like many CFOs, I thought there was a universal definition of FP&A, and I could not be more wrong. There are as many definitions of FP&A as there are companies. I started wondering why the definition of this role isn’t common to all organizations. The more I interviewed people, the more I understood that the definition depends on the vision of the organization in terms of finance function. I’ve noticed that most companies look at the finance function as a reporting function. Thus, they turn their FP&A department into a reporting machine, spitting out reports without understanding how to leverage them. It's like using a Ferrari just to drive to the mailbox. On the opposite side, my vision as a CFO for Transformer Table is focused on building a data driven organization. The finance department is at the heart of the business, gathering data from different departments. Therefore, the finance function should become the intelligence hub of the company by turning data into insights to take better decisions. By doing so, we position ourselves as business partners with our internal clients, understand their needs, and use that to create value.  It turns out I was prone to naïve realism. It’s a cognitive bias that makes you think that you see the world in an objective way. But, my perception was far from being a reality. During the next few days, I’ll share my perspective about finance in a digestible way. I feel that too often we’re turning something simple into something complicated, and it doesn't have to be that way. What’s your thought about the FP&A function? What are the interesting definitions you came across with? #DataDrivenDecisionMaking #BusinessIntelligence #CFOInsights #FinanceTransformation #FinancialPlanning #StrategicFinance #EntrepreneurMindset

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We love to see FP&A pros getting the investment they deserve! "42% of FP&A practitioners had their organizations cover some or all of the costs for their upskilling." "The increased need CFOs have for personnel with FP&A skills has resulted in an uptick in budget allocations toward upskilling employees for FP&A functions." Read the full article from CFO: https://bit.ly/44r68af #fpanda #strategicfinance #upskilling

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🔊 Do you want to build your FP&A skills and even lead the entire FP&A function? Our FP&A Certified: Core course can help you get there. Get 10% off with the code SUMMER2024 at checkout! (limited time offer) 👉 https://bit.ly/3WtJxGz Not sure it’s for you? Here’s a brief snippet of a lesson from one of your coaches, Patrick Dennehy, Senior Director, Finance at Kyruus Health, on how to build the FP&A team structure: https://bit.ly/3A7eR6t #fpna #financialplanningandanalysis #course

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What happens without effective Financial Planning & Analysis (FP&A)? If a company does not prioritize FP&A, leaders run the risk of making decisions that are out of alignment with strategic goals at best, and detrimental at worst. By not keeping a clear picture of the business’s financials top-of-mind, leaders lack visibility, which can impede a company’s ability to reach profitability goals, achieve true business efficiency, or even be aware of current financial positioning. Moreover, without FP&A, business leaders are more likely to be off course when it comes to understanding which key performance indicators (KPIs) truly matter to their firm’s success. Without knowing what metrics matter, leaders cannot define success, let alone lead their company toward it. Learn more about the importance of FP&A in this article: https://lnkd.in/gNhPGNxa Blueprint CFO | Future Focused Accounting www.BlueprintCFO.com #blueprintcfo #cfo #cfoinsights #chieffinancialofficer #fractionalcfo #financialplanning #financialanalysis #financialplanningandanalysis #fpanda #accounting #accountants #accountingandaccountants #accountingservices #businessgrowth #data #business #futurefocused #datadriven #kpis #entrepreneurs #entrepreneur #startup #southerncalifornia #socal #inlandempire #losangeles #sandiego #orangecounty #orangecountyca

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Question: Want to know the top question I ask everyone (clients, prospects, teammates, partners and everyone) associated with Fresh FP&A🤔 Answer: Is utilizing your skills, talents, passions and experiences to help others achieve & realize greatness your primary focus? This is our North ⭐ and the focus of everything we do. ❓What is your North Star? For yourself, team and company? Let me know in the comments! ⬇ #leadership #finance #cfo #fractionalcfo #freshfpa #business #fractionalcfoservices

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When your CFO leaves: relying on an interim CFO for financial stability The departure of a CFO can cause turbulence in a company, and until a new one is hired, it might make sense to bring in an interim CFO. Here is a brief article that discusses this topic. https://lnkd.in/gnpbHrfH

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📈 How many budget versions are you creating this year—and does the budget tell the full story? I recently had a nice conversation with one of our clients about budgeting and presenting a financial plan for the coming year. It made me think of the McKinsey article I recently read. According to that, an effective FP&A model (and presentation) breaks things down into three layers: ·      Do-nothing – The current business performance without new actions. ·      Budget – The initiatives that will help meet the expected EBITDA target. ·      Full potential – Additional steps that could push performance even further. A budget should clearly outline the key initiatives driving performance, highlighting both the baseline (what happens if you do nothing) and the impact of specific management actions. This can offer transparency on what is needed to achieve goals and enable leadership to make decisions based on clear, actionable insights. Link: https://shorturl.at/zOMbd #FinancialPlanning #Budgeting #BusinessStrategy

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🚀 Numbers Don’t Lie: My Journey as a Fractional CFO 🚀 As a Fractional CFO, I’ve had the unique opportunity to blend financial expertise with entrepreneurial spirit. Here’s a snapshot of my journey by the numbers, showcasing the impact and growth not only for my clients but for my own career: Average Monthly Clients: 11 clients per month Average Revenue Per Client: $1,365 per client per month Client Base Growth: Net growth of 2 clients per year Projected 2024 Earnings: $200K, working only 30-35 hours per week. Total Earnings: $1.45 million since stepping out of the W2 world. Do you want to know my secret to success? 🗓 Join me at The Noble CFO Challenge: May 13-17, 2024 🔗 Learn more: challenge.thenoblecfo.com Whether you're looking to enhance your CFO career or seeking a change that offers both profitability and work-life balance, I’m here to guide you. Let’s explore what your numbers could look like! 👉 Ready to redefine success on your terms? Register for The Noble CFO Challenge and let’s make those numbers work for you.

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This is exactly how I did it: 1. Partner with a proactive FP&A advisor who doesn't just wait for instructions but actively suggests improvements. 2. Engage a Fractional CFO for expert financial oversight without the full-time expense. 3. Build a relationship with a finance team that's as committed to your success as you are. Ready to elevate your financial strategy? BOOK A FREE 30-MINUTE CONSULTATION at https://lnkd.in/gFRBvfHn. Share your thoughts or tag a business owner who could use this! . . . . #FinancialClarity #StrategicPlanning #FractionalCFO #Finance #FP&A #Bores #BoresFinance #Business #FinancialAdvisory #Powerhouse #MexicoCity #FinancialIntelligence

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The ultimate deliverable from the CFO's office is a robust FP&A process and tool that supports YOU in making INFORMED BUSINESS DECISIONS. Specifically, it allows us to answer the classic question “If we do this….., what is the impact on our business finances 1, 3, 12, 24 months down the road.” Learn more about FP&A on our website @ https://bit.ly/49D53ND

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Cash flow forecasting can be tricky, but Tesorio's Variance Analysis has you covered. It answers key questions like: 1️⃣ What was forecasted to pay but didn’t? 2️⃣ What paid but wasn’t forecasted? 3️⃣ How has my forecast changed, and what’s driving that change? Spot discrepancies, understand why, and keep your cash flow on track. Learn more about Tesorio's forecasting enhancements 👉 trytesorio.co/4cKjvow #ConnectedFinanceOperations #CashFlow #Forecasting

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"Limited in resources, hmmm. Mighty in potential with FutureView to be an effective business partner are you." - FP&A Yoda When you harness the force of proven FP&A solutions, there is no limit to the potential you hold to deliver valuable insights that drive strategy. #MaytheFourth #Financesolutions

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Many people jump into the fractional CFO career and do remarkably well. Many more people jump into the fractional CFO career and do poorly, or it takes them a year or two to become self-sustaining. The ones who do well are the ones you read about on LinkedIn. The ones who are not doing well do not post about how they're doing on LinkedIn - you might think they were doing great based on their posts. But I know you're out there because I talk to a number of you. You started off excited, watching podcasts, videos, and masterclasses, and what they tell you to do - just...doesn't...work...for...you. Now is the time for you to do 1 on 1 coaching. I know you don't want to spend more money and time after putting all the time and money already into the above-mentioned stuff. But you're probably in a rut that needs personalized attention to get out of. I have a 1 on 1 coaching package targeted specifically toward people who are already fractional CFOs and not living up to your own expectations. There is an established structure but you can move at your own pace and we can modify the agenda to suit your needs. Most importantly, I take ownership of you being successful. I will beat myself up if you are not successful at the end of our time together. https://lnkd.in/ekTWqGcz

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Great post for those trying to understand what a fractional CFO does. Capital Clarity CFO Services would fall mostly into #4. I posted earlier that there are two ways to grow: more customers or more valuable customers. We focus on the latter. There are many ways to make your customers more valuable. We analyze your finances to determine the highest value actions you can take to increase LTV the fastest. This is why our packages only make sense for companies looking to grow. There are many fCFO options available. Every business is different, but strong financial leadership is critical to grow and mitigate risk. #fractionalcfo #virutalcfo #financial #strategy #smallbusiness #growth

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