This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Just a few decades ago, giving financial advice was largely a manual process – printing lengthy financial plans, processing physical checks, and managing paper files. These conversations are often emotional and vulnerable, requiring a sense of safety built on years of trust that technology simply can't replicate.
For these clients, connection and understanding are often more important than problem-solving, and advisors who focus too quickly on identifying potential future issues risk alienating these prospects. One effective way to facilitate this self-discovery is through self-persuasion questions.
Instead, it’s the ability to adapt to challenges, consider new perspectives, and adjust plans while keeping the bigger picture in mind. It Builds Stronger Teams Flexibility isn’t just about you as a leader—it’s about fostering a culture where your team feels empowered to innovate, problem-solve, and take ownership.
It's natural for advisors to begin discovery meetings by asking questions about a client's current financial situation – understanding cash flow, debt, investments, risk tolerance, or even the burning tax concern that brought them to the advisor's door in the first place is crucial for financial planning. Read More.
But navigating complex financial problems isnt just about being good with numbers; its about using those numbers to make smart, impactful decisions. Why Financial Problem-Solving Matters More Than Ever Lets be clear: Financial problem-solving isnt just another skill for a CFO its the skill. Then ask it again.
When facing professional challenges, my approach is centred around maintaining a problem-solving mindset and a proactive attitude. This helps in developing a well-informed strategy to tackle the problem. I completed all my degrees through part-time, online study while working full-time and raising children.
While some of these programs still exist, the role of an associate advisor has evolved alongside the broader financial planning profession. The first category focuses on building financial plans and helps advisors refine their decision-making skills, work through case studies, and develop confidence in crafting comprehensive financial plans.
CIMA seeks to meet the growing expectations of modern finance professionals to be high-performance finance business partners capable of utilising technology and applying critical thinking skills, with an emphasis on applied problemsolving. The move comes following the findings of AICPA & CIMAs Future of Finance 2.0
Blade = Budgeting Budgeting is one of the core FP&A planning activities the goal of which is to transform strategic objectives into operational plan by slicing and allocating available resources. Seatbelt cutter = Problem-solving skills An emergency can and will occur unannounced.
Whether you’re a finance professional, business owner, or decision-maker, understanding how to leverage FIS can mean the difference between reactive problem-solving and proactive success. This shift allows businesses to move from reactive decision-making to proactive planning.
Every decision is crucial to the overall results and endpoint of each and every plan and initiative, that is why it is necessary that finance leaders have a clear view of the road they have to take. Wong Jyh Juan , chief financial officer at Malaysia-based real estate developer Perdana Parkcity Sdn.
Understand Your Teams Starting Point Before planning for growth, its essential to know where your team currently stands. This understanding helps you identify training needs and create tailored development plans. Not only does this make your department more efficient, but it also builds problem-solving and leadership skills.
Amy is the owner of Rooted Planning Group, an independent RIA based in Corning, New York that oversees $67 million in assets under management for 175 client households. Welcome back to the 291st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Amy Irvine.
She says the familiarity with financial software systems and ERP tools is encouraged; and organisations will need to upskill finance professionals in emerging technologies like AI, data analytics, and blockchain to enhance their analytical and problem-solving skills.
Meanwhile, business leaders feel the next most important skills for the accountancy profession include analytical skills (42%), problem-solving skills (39%), regulation and policy awareness (39%), and clear communication (32%).
Being a first adopter Given the increasing relevance of technology in the Finance function, Law says she plans to be a first adopter to manage changes in her team. "AI
Develop scenario-based plans to navigate uncertainty with confidence. Collaborative Problem-Solving: Engaging the Broader Team Critical thinking isn’t a solo activity. In South Africa, this might mean preparing for policy-driven shifts in industries like mining or energy.
Budgeting is a fundamental aspect of financial planning, and one approach that often comes up in discussions is incremental budgeting. Consistency By building on an established budget, you maintain a sense of continuity in your financial planning. What is Incremental Budgeting?
As the founder of G7 Tech I have a lengthy background in technology and speak four languages which gives me a unique perspective when it comes to problemsolving and ensuring that everyone understands what’s going on and what needs to happen to ensure everyone is happy. How does Planning Maestro help your customers?
By framing challenges as opportunities for growth and involvement, nonprofits can engage funders in problem-solving. Integrating Data into Strategic Planning Drew advises nonprofits to go beyond generic strategic planning goals and use data to set ambitious targets for addressing core issues in their field.
Fifth Third has focused on improving customer satisfaction and retention without losing sight of their tried-and-true historical approach to wealth management, by promoting a problem-solving culture that encompasses human interactions, software improvements, and investment strategy building. million in 2023, up from $516.6
At its heart, investing is a problem-solving exercise , filled with opportunities that reveal the errors we all make. – “ Probabilistic assessments ” reveals recognizing lots of outcomes are possible; we need to plan for not one but many potential future results.
Do you plan check-ins around your schedule without considering your employee’s needs? Do you plan “brainstorming sessions” with no agenda? This gives you visibility into how they plan their day so you can avoid interruptions during their focused work or off hours or suggest reprioritization if necessary.
I was particularly impressed with how organised and meticulous the Chinese are in their planning and how they receive their guests. When team members observe my approach to challenges and decision-making, they gain insights into effective problem-solving and professional standards.
Financial planning and analysis (FP&A) professionals can rely less on clunky, manual labor and more on strategic thinking and CFOs are becoming more confident in data accuracy and have shifted their focus to strategy. There are three ways AI works with FP&A teams to improve the financial planning process: 1.
This broadened her skills and highlighted the importance of cultural sensitivity, teamwork, and innovative problem-solving. Next, I develop a plan that outlines potential solutions. Stay Flexible: Life is unpredictable, so be prepared to adjust your plans as needed.
Different work styles, communication preferences, and problem-solving approaches may create friction. This not only promotes collaboration but also enhances problem-solving by ensuring that diverse perspectives are considered. However, a diverse team can also present management challenges.
As you evaluate your tech talent, look for tech skills like design thinking, data analysis capabilities, and project management, as well as soft skills like collaboration, agility, problem-solving, and resilience. Get the latest insights, updates, and industry trends from Acclarity.
The distinction is crucial in understanding how to approach problem-solving in an organization. While complicated problems can be solved with the right formulas or spreadsheets, complex problems require more. He also highlighted the need for a strong talent pipeline and succession planning.
When planned and executed properly, the challenges surrounding technology can undoubtedly become great opportunities for business development and it is up to accounting professionals to seize these for their benefit. Abrol also thinks that there is a need to adapt existing processes to integrate new technologies seamlessly. "We
Although it is nearly impossible to predict the future, forecasting future market development and customer needs is an essential component of corporate strategy and planning. Long-term strategies and costs can be more effectively planned with a specific tool: the forecast. An unbiased view into the future. Forecasting.
With fewer distractions and a refreshed mind, those early hours are perfect for planning, working on goals, or even getting in some exercise. I was drawn to the idea that strategic financial planning can drive success and growth, whether on a corporate or personal level. Waking up at 5 a.m.
Designing a powerful governance plan makes managing data that much easier. After hundreds of Power BI implementations, we’ve discovered that the strongest Power BI governance plans consist of six critical components. Protecting your data is essential to every Power BI governance plan. Which are…. Employ Row-Level Security.
For example, if you want to use your skills for problemsolving but don’t have the opportunity to work on increasingly complex problems, can you ask your manager for more complex work or to be part of the meetings where these issues are discussed? Most people want to feel like they’re using their skills and making an impact.
With this in mind, 61% of Boards of Directors surveyed plan to improve digital dexterity – which is the ambition and ability to use technology for better business outcomes – across their organisation to improve and enhance digital performance. The CFO typically focuses on wearing the hat of an investor during digitalisation plans.
Co-creation and Collaboration: Involving team members in strategic planning and decision-making processes helps tap into diverse perspectives and innovative ideas. Create Cross-functional Teams: Form diverse groups to tackle strategic needs, allowing for fresh perspectives and collaborative problem-solving.
They’re also learning how to problemsolve—if a play doesn’t go the way we planned, how can you switch it up in the moment to make it work? You could say that both of these activities are an outcrop of what I love to do professionally — coach, problem-solve, educate and help others.
Glaser credits Intel’s unique culture of “constructive confrontation,” where problems are openly addressed, as shaping her approach to problem-solving. She also stresses the importance of continuous learning, having rotated through various roles, which pushed her out of her comfort zone.
The banking industry includes banks, investment banks, commercial banking, personal banking, hedge funds, financial planning, and private equity firms. Portfolio Managers are responsible for developing investment strategies, tracking markets, evaluating documents and figures, and creating customer investment plans. Investment Banker.
Building rapport makes problem-solving easier when challenges arise. Whether on-site or virtual, well-planned visits drive better communication, partnerships, and credit results. In-person discussions with stakeholders often uncover early warning signs of potential payment delays or other financial concerns.
The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. CFOs typically have a deep understanding of economic theory and practice and strong analytical and problem-solving skills. Financial Decision-Making Skills.
Although hired as a Financial Manager, I found myself knee-deep in operations, problem-solving, and finding better ways to work. In my career, I’ve faced situations where initial plans failed, markets shifted unexpectedly, or projects didn’t go as anticipated. He was not disappointed!
Consider the CFO's role as a mixture of problem-solving and business management. Accounting must function properly in order for FP&A to plan and forecast effectively. When it comes to planning and forecasting, you regularly need past data, thus if your past data is incorrect, you won't be able to forecast accurately.
Financial Planning and Analysis (FP&A) candidates are professionals who specialize in financial planning, budgeting, forecasting, and analysis within an organization. Strategic Thinking: FP&A candidates align financial goals with the company's strategic objectives, contributing to long-term planning and decision-making.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content