During my years as a CFO, I would share this formula with my team: NP + E ≠ P. Spelled out, it means non-performance plus an excuse do not equal performance. I let my team know it fell under E to discuss their reasons for failure to deliver on commitments.
Editor’s Note: For this installment of our multi-part blog series, profiling CFOs who are leveraging treasury to drive strategic change for their organizations, we focus on Sachio Matsumoto, executive vice president and chief financial officer of the LIXIL Group Corporation. Matsumoto discusses the changing role of treasury and why treasury should contribute to day-to-day business processes.
The future of treasury is clearly digital. Just look to the agendas and speaking titles for the Association for Financial Professionals (AFP), the professional society committed to advancing the success of its members and their organizations, and you will see cloud solutions are the dominant building blocks for the modern treasury professional.