Ceo plaing for ce os ensuring sustainability

MC LimitlessAccept the Challenge;Achieve the IMpossible

ENSURING SUSTAINABILITY

FINANCE FOR LCPsJorge Duque Mei Yi Kok



TO KNOW

TO INTERNALIZE

TO DO


Objectives

To know

• Understand the why, how and what of finance management at local level.

To Internali

ze • Be aware of my roles as LCP

towards finance management

To Do • Define next steps for Q4 –

and Q1 regarding finance CORRECT implementation and improvement.


Defining finance To know

Why does FINANCE exist?

What does FINANCE provide?

How does FINANCE deliver its own prom-

ise?


Why does FINANCE exist? To know

Defining finance

To guarantee sustainability in all activities gen-erating continuity in the entity and capacity to

deliver more and better experiences.


Why does FINANCE exist? To know

Defining finance

Does my entity fulfil the finance promise? Yes / no, why?


How does finance deliver its own prom-ise?

To know

• Accounting (bookkeeping)• Budgeting and tracking • Analysing and Reporting

Finance & Legal

Management

• Investments – strategies

• Tracking • For ICX, OGCDP, OGIP

Program Management Support

• NPS Implementation• Tracking reporting and execution

Quality Manageme

nt

ICX/ OGX

TM

MAC

FINANCE STRUCTURE AT LOCAL LEVEL


How does finance deliver its own prom-ise?

To know

Is finance happening in my entity? Yes/ not, why


What does FINANCE provide? To know

Sustainable products

Financial sustainability is achieved when a business is able to deliver products and services to the market at a price that covers their expenses and generates a profit.“

Source:toolkit.smallbiz.nsw.gov.au/part/17/83/358

DIRECT COSTS < PRICE Positive MARGIN


To Internalize

Understand

• Finance is an strategic area! that is why we are part of the back office

• Decision Making 24/7• Be aware that our resources are for investing

LCP – LCVP Relationship

• Decision making together • Communication • Information on time ( updated ) in order to make decision

Tracking and Implementati

on

• Tracking every week ( Budget execution, strategies and goals) (Tool)• Program management is happening.

Guarantee Investments

• Investments according SMP per program • Track and measure ( KPIs)

My role as LCP in finance


ITEM/ MONTH ITEM/ MONTH

Cash at Bank Cash at Bank

WEEK 2

$ -

December Weekly Finance Tracking Tool

WEEK 1

$ -

Review of Nov ( Last month

$ - Total $ - Total $ - OGCDP Cost $ - OGCDP Cost $ - IGIP Cost $ - IGIP Cost $ - OGIP Cost $ - OGIP Cost $ - TM Cost $ - TM Cost $ - Investments $ - Investments $ -

Others $ - Others $ -

OGCDP $ - OGCDP $ - IGIP $ - IGIP $ - OGIP $ - OGIP $ - ER $ - ER $ - Miscellaneus $ - Miscellaneus $ -

Others $ - Others $ -

OGCDP Cost $ - OGCDP Cost $ - IGIP Cost $ - IGIP Cost $ - OGIP Cost $ - OGIP Cost $ - TM Cost $ - TM Cost $ - Investments $ - Investments $ -

Others $ - Others $ - OGCDP $ - OGCDP $ - IGIP $ - IGIP $ - OGIP $ - OGIP $ - ER $ - ER $ - Miscellaneus $ - Miscellaneus $ - Others $ - Others $ -

Priorities Next week Responsible I need support from .. Priorities Next week Responsible I need support from ..

1 1

2 2

3 3


To Internalize

Understand

• Finance is an strategic area! that is why we are part of the back office

• Decision Making 24/7• Be aware that our resources are for investing

LCP – LCVP Relationship

• Decision making together • Communication • Information on time ( updated ) in order to make decision

Tracking and Implementati

on

• Tracking every week ( Budget execution, strategies and goals) (Tool)• Program management is happening.

Guarantee Investments

• Investments according SPM per program • Track and measure ( KPIs)

My role as LCP in finance


Investments - SMP To

Internalize

And general LC cost

EP Service Surplus$77 $77

PreparationGifts

Reinteg. Member Rewards $39 Marketing $77TL Rewards $19 Showcasing $77VP Rewards $19

$231.00oGCDP Investments

LC Portion

Marketing$154

Member development$77.00

ICX oGCDP

And general LC cost


Investments - Program Management To

Internalize

TM

• Sales Training • Conference / EP

Fee subsidy • Events

participations (Bussines conferences)

• Team building• RnR internal

campaing M

AC • PR

• Market research • MAC Campaign• University

relations!


Budgeted executed Increase retention rate 100% retention rate 20% growth 1 month

Increase number of TNs 5 new leads 11,250.00$ 1 month

It is the person or VP in charge to deliver the

strategy or invesment, it does not matter

whether is a different area

should be defined in terms of RA - MA - RE for opperations or other results you expect, not

all the investments should bring us money , raises , matches or realizations

Results you need in order to overcome

your investment or to identify that you

overcame or fulfilled the investment

purpose.

Time to get our results

(ROI)

IGIP

KPIResponsable

February

January

Investments Tracking Tool

Goal ROIMonth

December RnR Campaing $1,500 $1,250

TROI

TM/IGIP

InvestmentInitiative / strategy Program


Next CFOs?

• Competencies?

• Skills?• Knowledge?• Background?


Next steps for Q4 To Do

What should we do/implement/change/stop in order to guarantee sustainability in Q4

and Q1 next year


Conclusions

Finance is not only accounting, make adds and review informa-

tion:

Finance role is not buying toilet pa-per to the office


Conclusions Finance it is about strategy – Holistic

vision


Conclusions

FINANCE IS ABOUT LERA-NING

SELF LEARNING … YOU ARE CEOs!!!


Conclusions

FINANCE IS ABOUT ACTIONS!

Ceo plaing for ce os ensuring sustainability

Government & Nonprofit

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