Blog: Feedback Finance Module (game)

Dear Susan, (Organiser training) and (CEO),

Overall I review the game as a successful and content wise good day. It provides an overview of the financial processes and the reason we ultimately work for. The major reason I am enthusiastic about the game is the simple and practical examples used to explain the concepts and the high level of interaction.

In practice I use the training in 2 ways:

1. The comment Susan made several times was: "What is your conclusion?" and "What will be your actions?". I notice that we ofthen come to conclusions but that we leave it at that and no specific actions are initiated. This means that in practice nothing will change. This applies not only to finance but in general. I have decided to use these 2 quotes dayly and discuss them during my interactions with my employees. Last wednesday I have applied this way of working during my 4 weeks financial review meetings. We asked all employees: "What is your conclusion and what will be your acitons?". We summarised all actions and send them at the end of the day to all involved. This way all employees know what is expected from them.

2. In the past we did not make a forecast. Last we the controller and myself had a brainstorm session of 2 hours to generate ideas how we could realize a forecast. Additionally I had a discussion with other financials, they also contributed ideas manly towards a rolling forecast of 12 months.

We will work on the various ideas in the comming weeks and hope to have a first version available in a month. This way we can make a forecast with my employees and update it periodically.

Should there be any questions or advice please do not hesitate to contact me.

Have a nice weekend.

With kind regards,

(Participant), Business Unit Manager   

Conclusions and Actions


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