Finance Seat Strength Assessment.  Score each statement below, where:

1 = Very Weak

2 = Weak

3 = Solid

4 = Strong

5 = Very Strong

 

  1. Our Finance Seat Leader has the knowledge, skills and experience to provide the strategic business leadership we need to support finance and internal business administration.

    Score = __________

  2. We have a strong finance team with enough bandwidth to stay one step ahead of the business.

    Score = __________

  3. We have processes in place for hiring, retaining, reviewing, compensating, providing competitive benefits and terminating employees.

    Score = __________

  4. We have a clear long-term vision and purpose for the business that is shared and understood by all.

    Score = __________

  5. We have clear 3-year, 1-year, and quarterly plans that align to our vision and purpose.

    Score = _________

  6. We report and share financial results monthly as a leadership team. We know if the business is on track or off track relative to our quarterly and annual plan and have a clear action plan to achieve plan results.

    Score = _________

  7. We have and use a scorecard to track weekly measurables that give us a pulse on our performance. The scorecard aligns to our financials and annual plan.

    Score = _________

  8. We have quarterly performance discussions with all employees to assess if they are living the core values, meeting their job accountabilities, doing great work and enjoying their work.

    Score = _________

  9. We follow a 3-strike rule in performance management with clear communication and documentation to guide performance improvement and set clear expectations for success and next steps.

    Score = _________

  10. We have identified our key business risks and have processes in place to minimize risk.

    Score = _________

  11. We are hitting our growth and profit goals for the business.

    Score = _________

  12. We have a healthy cash position, manage our cash flow plan, and have appropriate debt and equity to support business growth.

    Score = _________

  13. We have accurate financials and follow a timely monthly close process to reconcile all balance sheet accounts.

    Score = _________

  14. We have strong professional advisors. Accounting, Tax, Legal, HR and IT.

    Score = _________

  15. Our finance and internal business administration core processes are documented, simplified and followed by all.

    Score = _________

  16. Everyone in the finance and internal business administration team participates in a weekly meeting.

    Score = _________

  17. Everyone in finance and internal business administration has quarterly priorities aligned to the company priorities.

    Score = _________

  18. Everyone in finance and internal business administration has a scorecard number they are responsible to keep on track.

    Score = _________

  19. We have the IT systems and technology plan in place to meet our current needs for the next 12 to 18 months.

    Score = _________

  20. We have the right people in the right seats in finance and internal business administration to meet our current needs for the next 12 to 18 months.

    Score = _________

    Total Score = _________