CFOs wrestle with rising healthcare costs; 'why I never want to be a CFO again'
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From CFO to sales, and then back to CFO
When CFO Lisa VanPatten 's company decided to move headquarters, she opted to keep her family in New Jersey. Instead, she took a job as a practice lead at 甲骨文 . After seven years working in sales and consulting positions, she pivoted back to a CFO role — this time with Transcend .
"When Kitara Media announced it was moving its headquarters from New Jersey to California the year my daughter was a high school senior, I didn’t want to make the move. I’d need to change jobs to stay here, but rather than pursue another CFO position, I decided to broaden my experience by learning what it feels like to sell and run an operation."
Drivers for healthcare costs are changing, CFOs say
New data from 美世 on healthcare costs reveales CFOs have concerns around rising drug costs, new types of drugs, and costly claimants. And, these concerns are prevalent regardless of whether companies use a self-funded or fully insured insurance plan.
Prophix CFO: The importance of family time, strong relationships, and Chris Webber fandom
In this week's edition of the 6 a.m. CFO, Aaron Levine of Prophix highlights how he starts his day with coffee, walks with his wife, and lots of meetings.
"I like to load my mornings up with meetings and leave the afternoons open to focus on specific tasks. I try to informally connect with my team as much as possible and hop on a Teams meeting on an ad hoc basis throughout the day as the need arises."
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Are you approaching 40 DPO? Join the club
In the latest edition of the Metric of the Month series, Perry Wiggins, CPA, MBA of APQC discusses how to better manage days payable outstanding in order to free up cash flow.
"Determine if your DPO is high or low for your industry and business by comparing your DPO against data from peer organizations. If it’s high, ask yourself,?is it intentionally high??Is it part of a larger cash management strategy? Or are there red flags in your accounting department?"
Why I never want to be a CFO again
Lori Love, CPA formerly the finance chief of CleanSpark , shares why a stressful experience in her second CFO role turned her away from pursuing another one.
"Improved margins, improved client service, better operations, that’s what gets me up in the morning now. I like to work, I’ll always work. But I’ll never be a CFO again.”
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This edition of Preferred Shares was created by reporter Adam Zaki .
Great to hear from Aaron Levine on his morning routine and leadership advice. Excellent book recommendation too! Thanks for the feature, CFO.
Thanks for the feature CFO - we love having Lisa VanPatten on our team!