Simplicient Controlling 8 – Number-Cruncher or Sparring Partner?

Controllers are number crunchers – aren‘t they? A controller is the person who comes to you with a long table, filled with numbers, and uses a red pen to highlight differences. Unfortunately, not anymore. Business or sparring partner (a term used often in recruiting finance managers) means more than that. To be brutally honest, C-level managers rarely care how much […]

Simplicient Controlling 7 – The CFO Profile to Fall in Love With

Back in September 2014, doitinvest.com published a researched white paper on the perfect profile of a Chief Financial Officer (in Central & Eastern Europe). It was quite well received, so I decided to revisit the topic today in this blog post, with more general notes. After browsing several articles (see bottom for sources) on the CFO job profiles, I found […]

Simplicient Controlling 6 – Financial Performance Clearly Presented

How to clearly present your company’s financial performance? I am pretty sure that this question creates a lot of frustrations and discussions for various controllers, thus this short blog will offer a quick guidance on the practicalities. One of the typical controller’s tasks is to present to management the organization’s performance (financial and business wise). How does the finance manager […]

Simplicient Controlling 5 – Why Is Sales Analysis so Difficult?

Systemic sales analysis requires many skills: financial extrapolation know-how, business sector knowledge etc. A controller without time series regression analysis is regarded nowadays by CFOs with a bit of an eye brow raised – even if the CFOs themselves are not very comfortable with the topic. A recent sales analyst job description lists several eliminating requirements: – advanced MS Excel […]

Simplicient Controlling 3 – Tech Skills for a Controller Still Relevant?

In its’ 2018 executive survey, AESC BlueSteps ranked the top 5 qualities that help global executives be successful (survey based). After “vision”, on a surprising place 2 came “technological mindset” – something that probably would not have made even the top 5 15-20 years ago. You (the finance controller / manager / CFO) might ask yourself: “What does this have […]

Simplicient Controlling 2 – To Reduce or Not… Your SG&A Expenses

In June 1999, when Carlos Ghosn was parachuted by Renault to a little known (outside Asia) car manufacturer named Nissan, his reputation should have preceeded him. Maybe the Japanese board of directors underestimated the „Le Cost Killer“ nickname he earned at Renault during the previous 3 years – or maybe they thought that one of the most inner-oriented markets in […]

Simplicient Financial Controlling – 1 – Laying the Ground

Let us face it – finance is not easy. Whoever tells you that the commercial financial management is a steady progression job, where one gets well trained and well paid over a reasonable number of career years, is trying to lure you into something. The finance specialism requires almost a decade of training (if you count a faculty/college degree plus […]