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With rapidly changing market dynamics in the post-COVID period, be it capex, supply chain/inventory, labor, interest rates, and recession risks, companies are facing access and availability pressures on a number of fronts. How should this be factored into budgets?
This Roundtable Series aims to bring together CFO Alliance Members, other financial professionals and our colleagues from Planful to discuss one of the most critical challenges facing organizations today - "Budgeting in a Constrained World." In an era of uncertainty, economic fluctuations, and unexpected disruptions, financial leaders need to adapt their budgeting strategies to navigate through various constraints while ensuring business continuity and growth.
As AI continues to advance, its influence is felt across all business functions, with the potential to reshape industries and redefine traditional business models. There are many outstanding questions about AI, from utility to security to intergration. Interest and use levels are soaring, indicating that we are on the precipice of widespread adoption. Join us for this discussion to delve into real-world AI use cases, engage with your peers on AI implementation strategies, and proactively navigate the ever-evolving landscape of technology's impact on finance.
The CFO Alliance Roundtables are open to Members, finance executives, CFOs, financial analysts, and professionals involved in budgeting and financial planning from various industries. Participants will benefit from networking opportunities and gain valuable insights from industry peers and subject matter experts. Join us for this insightful series and gain valuable perspectives that will empower you and your organization to thrive in a constrained world.
Roundtable Exercise:
Our Quarterly Roundtable Series will consist of an interactive discussion dedicated to the 2024 budget and current/ future use of AI within the finance function.
Learning Objectives:
- Share insights into the current economic landscape and its impact on budgeting processes.
- Explore innovative budgeting approaches that can thrive in a constrained environment.
- Flipping outputs into inputs – Changing budget builds to orient around the constraints in the system
- Discuss the role of AI within the analytics spectrum – Diagnostic, Descriptive, Predictive, Prescriptive – and how the traditional spectrum ignores primary use case of AI
- Explore the intersection of AI, systems, and teams, and understand how these elements interact.
- Discuss the potential benefits and challenges of utilizing AI applications, from managing tools to understanding the influence in decision-making.
- Foster collaboration and networking among finance executives to share experiences and best practices.
Roundtable Discussion Points:
The roundtable series will be organized into an interactive discussion, where you and your peers with be focusing on different aspects of:
Current Applications in Finance
- Analyzing the various constraints that financial leaders are facing, such as inflation, labor availability, supply chain disruptions, and their impact on planning.
- Case studies from finance leaders on how they have addressed budgeting challenges in their organizations.
- Understand the AI opportunity set and its potential impact on the performance of the finance function
- Learn how AI technologies are being integrated into ERP systems and other tools, and the implications of standalone AI tools and working across multiple systems.
- Explore how AI can augment data analytics, reporting, forecasting, and decision-making within ERP systems.
- Discuss case studies showcasing successful AI implementation and utilization.
The Future AI-Enabled Finance & Accounting Team
- Assess the opportunities for team optimization, with internal and external resources, created by AI applications.
- Examine the longer-term impact of leveraging AI in areas typically staffed by junior professionals.
Member Spotlight:
- The roundtable will feature distinguished finance leaders, and industry experts with extensive experience in budgeting and financial management. Confirmed featured guests include CFOs of leading organizations, colleagues from Planful and the leaders of The CFO Alliance.
Prerequisites:
None
Program Knowledge Level:
Advanced
Delivery Method:
Group-live
CPE Credit:
2 CPE in Personal Development
This Roundtable is exclusive to finance leaders and guests.
The CFO Alliance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Agenda
8
00AM
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8
30AM
Arrival and networking over coffee
Arrive early to meet other members over coffee.
8
30AM
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9
00AM
Introduction - Breakfast
Hot breakfast will be served as we do introductions and background on today's topic.
9
00AM
-
9
15AM
Member Spotlight
Matt TotschIn a 'fire side' chat a CFO Alliance Member will share insights and some best practices.
9
15AM
-
10
00AM
Roundtable Discussion
This is a time for you to share insights and best practices with your peers.
10
00AM
-
10
30AM
Member Spotlight
In a 'fire side' chat a CFO Alliance Member will share insights and some best practices.
Speakers
Matt Totsch
CFO at Trim-TexStrategic and results-oriented leader with a proven track record of driving growth, enhancing profitability, and leading cross-functional teams to success. Expertise in financial management and corporate strategy, with a deep understanding of operational dynamics. Adept at aligning organizational goals, fostering innovation, and building strong relationships with stakeholders.
Trim-Tex Inc. is the premier USA manufacturer of rigid vinyl drywall corner beads and accessories. With over 50 years of experience, Trim-Tex offers a complete line of commercial and residential products, including Corner Beads, J Beads, L Beads, Reveals and Expansion products.
Speakers
Host and Facilitator:
Nick serves as 'a voice for the Middle Market,' representing the more than 10,000 Finance Leaders of The CFO Alliance Peer Advisory Networks that empowers Modern Finance Leaders to make complex decisions on People, Strategy, Technology & Risk.
Ben Lehrer
CEO of First Water Fianance
Ben is obsessed with the finance function, serving those within it, and enabling those who rely upon it. He believes finance is and always will be people-driven, the purpose of data is dialogue, and successful transactions are a function of compelling storytelling and team credibility (much more so than a multiple of EBITDA). Referred to by colleagues as “The Mutt,” Ben’s background spans financial planning and analysis (FP&A), private equity investing, investment banking, commercial lending, C-suite and board advisory, small and midsize business (SMB) management, and, most recently, finance community development and learning programs.
He leads the team at First Water Finance (FWF), the Finance Advancement Platform, which offers finance leaders, business owners, and capital partners access to a holistic finance ecosystem across FP&A, Corporate Finance, and Community. Whether it is tapping expertise for FP&A BPO or project implementation, executing on transaction initiatives, joining a peer group community, finding/filling your next finance role, or connecting with vetted capital or service providers, FWF is the place for your finance dialogue to make the connections that propel business and professional advancement.
FWF is integrated with The CFO Alliance (CFOA), a premier nationwide peer group community serving finance leaders. Since inception, CFOA has served almost 10,000 finance leaders, delivering impactful peer events, original content, peer benchmarking, and talent acquisition services for the Office of the CFO. Ben serves as the Head of Learning & Development for the community, responsible for content, programming, and peer group and development programs.
Ben is deeply committed to finance education, particularly in the small to midsize business (SMB) space. Having worked alongside ~100 management teams, capital providers, and partners, Ben understands the structural gaps within SMBs related to finance experience and engaging with institutional capital. As catalysts to close those gaps, Ben authored the book Relational Finance (www.relationalfinance.com) and created the free Finance Readiness (FiRe) Score assessment tool (www.fire-score.com). If it has anything to do with finance professionals, processes and technology, or capital and transactions, Ben and FWF will help you advance. Learn more at www.firstwater.finance.
Matt Totsch
CFO at Trim-Tex
Strategic and results-oriented leader with a proven track record of driving growth, enhancing profitability, and leading cross-functional teams to success. Expertise in financial management and corporate strategy, with a deep understanding of operational dynamics. Adept at aligning organizational goals, fostering innovation, and building strong relationships with stakeholders.
Trim-Tex Inc. is the premier USA manufacturer of rigid vinyl drywall corner beads and accessories. With over 50 years of experience, Trim-Tex offers a complete line of commercial and residential products, including Corner Beads, J Beads, L Beads, Reveals and Expansion products.
Community
Connect with 17 people attending this event
AGSRTickets
Guest Attendance
Complimentary
Standard Price
Reserve TicketThis is for first time attendees. If you have never attended a CFO Alliance Roundtable please register and attend as our guest. (quailifed finance executives only)
Premium Members
Complimentary
Member Price
Reserve TicketFor Members that pay the Full (All-in) Membership of $1500 or $125/mo.
Basic Members
$75.-
Member Price
Buy TicketIf you are not a premium member and have participated in The CFO Alliance commuity, please pay this event fee.
Sponsors and Partners
Organizer
First Water Finance
First Water Finance (FWF), the Finance Advancement Platform, connects finance leaders, business owners, and capital partners within a finance ecosystem spanning FP&A, Corporate Finance, and Community. In conjunction with its affiliation with The CFO Alliance (CFOA), FWF offers FP&A business process outsourcing (Managed FP&A), FP&A and corporate finance related project consulting, transaction advisory solutions, a premier nationwide finance leader peer group community, talent acquisition services for the Office of the CFO, and access to vetted solution and capital partners. FWF has supported over 100 management teams, investment sponsors, and partners, developing proprietary process methodologies for FP&A and activating and accelerating finance function capabilities for small and midsize businesses (SMBs) and private equity portfolio companies.
https://www.firstwateradvisors.comPartners
The CFO Alliance has a select few vetted partners that we know will deliver value to you.
PNC Bank
PNC provides both the deep financial resources and the confidence you need to grow and win in today's competitive markets. We combine the knowledge, insight and decision making of a local team with the strength and resources of one of the country’s largest banks - to deliver sophisticated banking and advisory solutions to companies of all sizes. Our relationship managers are advisors to their clients' businesses and serve as your primary point of contact, making it easier for you to access all that PNC can deliver.
https://www.pnc.com
Homestead Smart Health Plans
Homestead was born from an unwillingness to accept the status quo and offers a revolutionary approach to healthcare. Our mission is to bring affordable coverage to you and your employees without sacrificing quality of care. We take on the problem of runaway healthcare costs with our innovative Smart Plan - a singular solution with three components designed to connect self-funded employer groups with top quality care at the lowest fair cost.
Click the link below to learn more about our Smart Plans, including our state-of-the-art reference-based-pricing/auditing system, Claim Watcher.
http://bit.ly/RBPexplained
Planful
Planful transforms the way you plan, close, and report so you can drive more impactful decisions across your business. Align every squad, inform every move, and change direction using a platform designed to improve your financial performance.
https://planful.com/
Eide Bailly
Industry-driven CPAs and Business Advisors
Eide Bailly is a top 25 CPA and consulting firm helping the middle market grow and thrive.
We’ll work with you to imagine what’s possible and bring that vision to life — when you’re planning in an ever-changing environment, navigating complex compliance requirements, optimizing operations, investing in digital transformation, and simply asking what comes next.