Carrie Augenstein - Fractional CFO to Consumer Product Businesses and Nonprofits’ Post

𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗬𝗼𝘂𝗿 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 ⭐ Ever had to untangle a 𝗹𝗮𝗿𝗴𝗲 𝗮𝗺𝗼𝘂𝗻𝘁 𝗼𝗳 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗘𝗫𝗖𝗘𝗟 𝘀𝗽𝗿𝗲𝗮𝗱𝘀𝗵𝗲𝗲𝘁𝘀 𝗻𝗼 𝗼𝗻𝗲 𝗰𝗮𝗻 𝗳𝗼𝗹𝗹𝗼𝘄? I have to steel myself a little when a company says, “we have System X for accounting, but really we use custom spreadsheets”. That’s code for someone who knows Excel but didn’t like learning the accounting software or didn’t want to implement best practices to utilize them.  Now there’s 𝗺𝗼𝗻𝘀𝘁𝗲𝗿 𝘀𝗽𝗿𝗲𝗮𝗱𝘀𝗵𝗲𝗲𝘁𝘀 𝘁𝗵𝗮𝘁 𝗺𝗶𝗴𝗵𝘁 𝗻𝗼𝘁 𝗲𝘃𝗲𝗻 𝗯𝗲 𝗮𝗰𝗰𝘂𝗿𝗮𝘁𝗲 𝗔𝗡𝗗 𝗮𝗿𝗲 𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝗹𝘆 𝗮 𝗿𝗶𝘀𝗸 𝗶𝗳 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁, 𝘀𝗰𝗮𝗹𝗶𝗻𝗴, 𝗼𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗶𝗼𝗻 𝗲𝘃𝗲𝗻𝘁𝘀 𝗵𝗮𝗽𝗽𝗲𝗻. Excel is amazing, but if your spreadsheets grew out as your company grew up, there’s a point where they disconnect from each other. I learn the objectives of the spreadsheets, determine their need, and 𝗲𝘃𝗮𝗹𝘂𝗮𝘁𝗲 𝗵𝗼𝘄 𝘄𝗲 𝗰𝗮𝗻 𝗲𝘅𝘁𝗿𝗮𝗰𝘁 𝘁𝗵𝗲 𝗻𝗲𝗲𝗱𝗲𝗱 𝗱𝗮𝘁𝗮 in our accounting, sales, or other business software systems.  This may also require implementing control procedures to 𝗲𝗻𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗶𝗻𝘁𝗲𝗴𝗿𝗶𝘁𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮 - 𝗶𝘁’𝘀 𝗮𝗰𝗰𝘂𝗿𝗮𝗰𝘆 𝗮𝗻𝗱 𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝗰𝘆. 𝗛𝗮𝘃𝗶𝗻𝗴 𝗮 𝗳𝗿𝗮𝗰𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗙𝗢 𝘄𝗵𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝘀 𝘀𝘆𝘀𝘁𝗲𝗺𝘀, 𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝘀, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝗱𝗮𝘁𝗮 𝗶𝘀 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹. Especially in CPG, where there might be thousands of SKUs and various channels to assess. 𝙏𝙤 𝙡𝙚𝙖𝙧𝙣 𝙢𝙤𝙧𝙚 𝙖𝙣𝙙 𝙙𝙞𝙨𝙘𝙤𝙫𝙚𝙧 𝙝𝙤𝙬 𝙄 𝙘𝙖𝙣 𝙟𝙤𝙞𝙣 𝙮𝙤𝙪𝙧 𝙩𝙚𝙖𝙢, 𝙨𝙚𝙣𝙙 𝙢𝙚 𝙖 𝘿𝙈 𝙤𝙧 𝙚𝙢𝙖𝙞𝙡 𝙢𝙚 𝙖𝙩 𝙘𝙖𝙧𝙧𝙞𝙚@𝙘𝙖𝙧𝙧𝙞𝙚𝙖𝙪𝙜𝙚𝙣𝙨𝙩𝙚𝙞𝙣.𝙘𝙤𝙢. ⭐

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