WBSRocks: Scaling Growth with AI, Enterprise Software, and Digital Transformation
WBSRocks podcast features in-depth conversations on AI-enabled business models, customer experience, digital transformation, supply chain, eCommerce, industry 4.0, and enterprise software categories such as CRM, ERP, or analytics suites. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily commercial, operational, or financial challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various enterprise software vendors and solutions, and their mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!
WBSRocks: Scaling Growth with AI, Enterprise Software, and Digital Transformation
WBSP272: Grow Your Business by Tracking Meaningful Financial KPIs w/ Jim Downes
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Finance always takes the back seat in organizations over sales and operational priorities. But without setting clear financial goals and plans to execute them, it's like shooting in the dark. Sure, you may have gotten lucky to grow at the desired pace. But how confident would you be to sustain that growth? Not much, right? This is where the connected systems and financial KPIs can provide the framework for growth with confidence.
In today's episode, our guest, Jim Downes, shares his insights into the importance of tracking meaningful financial KPIs to improve profitability and growth for CPG companies. He also discusses the unique challenges associated with matrix inventory and how the planning for such inventory is slightly more involved than most other businesses. Finally, he describes the importance of having a plan and why connected systems are important for continuous tracking and improvement.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.