Meet the Expert
Geraldine Chan
Principal, GPChan Consulting
- More than 15 years overseeing financial analysis, planning, reporting and strategy in industries including technology, biotech, manufacturing, retail and ecommerce.
- Effectively managed diverse transitions, including mergers and acquisitions, for well-established corporations such as VantagePoint Capital Partners, Gilead Sciences, Gap and Pepsi-Cola and startups like Tesla Motors, Reachlocal Corporation.
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- All 7 Best Practices
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- One-on-One Call with Expert
- Meeting Summary Report
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Cross-Functional Transparency in Operational and Financial Reporting
Principal, GPChan Consulting
Risks & Opportunities
Risks
Companies that fail to achieve or maintain cross-functional transparency:
- Are unable to operate effectively and efficiently because operations are not aligned appropriately and people are doing the wrong tasks, leading to wasted cash, time and resources. There's a reduction in the quality of the decision-making process.
- Are unable to plan for current and future needs properly. Managers are always wondering if they have the right set of metrics and information to make business and operational decisions.
- Are likely to see trust erode among internal and external teams.
- May see company performance compromised, resulting in financial losses.
- Are likely to experience team members becoming unhappy and demoralized.
Opportunities
Companies that are successful in achieving and maintaining cross-functional transparency can:- Leverage information to make smarter, quicker and more-effective decisions.
- Have a clear understanding of opportunities and how to get there.
- Create a culture that embodies trust, clarity and integrity.
- Be sure that people and resources are well-matched to the company's plan and goals.
Cross-Functional Transparency in Operational and Financial Reporting:
Risks & Opportunities
Expert Topic