Financial Controller – 4 New Years Resolutions
2020: The beginning of a new decade.
Not only is it the start of another trip around the sun, but it is also the beginning of the next ten years of your life. As you probably know, a lot can happen in ten years. Think about 2010, you were likely working as an auditor, staff accountant, or even starting your career as a financial controller. It’s safe to say – the next 10 years will be pivotal for your career. Who knows…you may get that CFO position you have been working so hard for.
It is important to focus on short-term actions that will help pave the way for your long-term goals. We compiled a list of Financial Controller New Year resolution suggestions below:
- Think big picture – This new year focus on strategy and delegate more technical activities to team accountants or implement an automation system to take over tedious tasks, such as cash management, reporting, or forecasting.
- Expand your skills – Are you looking to move up into a CFO role in the future? It is never too early to get involved in investor relations (IR). Your involvement in IR can signal to your superiors that you are ready to take on higher responsibilities when the position becomes available.
- Help upper management succeed – By working together towards a common goal, everybody wins. Stay in dialogue with upper management and identify what reporting will help them make better decisions.
- Plan for the future – Did you know that, according EY, only 41% of Financial Controllers have a personal development plan? Develop a written plan, find a mentor, and start working towards future goals.
With this list of 2020 resolutions, you are now ready to start the new year strong!
…and if you are looking to automate cash management and forecasting, read below:
Trovata.io is the only modern big data platform in finance/treasury that is built on open banking to provide a rich digital experience for real-time cash management & forecasting. No implementation. No IT.
Why is Trovata.io different than older, legacy systems?
Trovata.io is directly integrated with banks that allows its users to connect to banks in minutes and stay connected with secure access tokens via modern Automated Programmable Interfaces (APIs)/Open Banking. APIs are what drives modern technology platforms like Google, Facebook, and Salesforce. Cash positioning is fully automated and includes built-in business intelligence tools to visualize, analyze, report, and reconcile cash flows. Unlike other providers in the space, Trovata.io does not have along implementation turn around time and estimates a minimum of a few hours for a system to integrate. Moreover, Trovata.io offers affordable set-up and maintenance fees, contrary to legacy TMS.
