Finance for lc ps ensuring sustainability

1. MC Limitless
Accept the Challenge;
Achieve the IMpossible
ENSURING
SUSTAINABILITY
FINANCE FOR LCPs
Jorge Duque
Mei Yi Kok
MC Limitless
Accept the Challenge;
Achieve the IMpossible

2. MC Limitless
Accept the Challenge;
Achieve the IMpossible
TO
KNOW
TO
INTERN
ALIZE
TO DO

3. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Objectives
To
know
• Understand the why, how and what of finance
management at local level.
To
Internalize
• Be aware of my roles as LCP
towards finance management
To Do
• Define next steps for Q4 – and
Q1 regarding finance
CORRECT implementation and
improvement.

4. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Defining finance
To
know
Why does FINANCE
exist?
What does FINANCE provide?
How does FINANCE
deliver its own promise?

5. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Why does FINANCE exist?
To
know
Defining finance
To guarantee sustainability in all activities generating
continuity in the entity and capacity to deliver more
and better experiences.

6. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Why does FINANCE exist?
To
know
Defining finance
Does my entity fulfil the finance promise? Yes / no, why?

7. MC Limitless
Accept the Challenge;
Achieve the IMpossible
How does finance deliver its own promise?
To
know
• Accounting (bookkeeping)
• Budgeting and tracking
• Analysing and Reporting
Finance &
Legal
Management
• Investments – strategies
• Tracking
• For ICX, OGCDP, OGIP
Program
Management
Support
• NPS Implementation
• Tracking reporting and
execution
Quality
Management
ICX/
OGX
TM
MAC
FINANCE STRUCTURE AT
LOCAL LEVEL

8. MC Limitless
Accept the Challenge;
Achieve the IMpossible
How does finance deliver its own promise?
To
know
Is finance happening in my entity? Yes/ not, why

9. MC Limitless
Accept the Challenge;
Achieve the IMpossible
What does FINANCE provide?
To
know
Sustainable products
Financial sustainability is achieved when a
business is able to deliver products and services
to the market at a price that covers their expenses
and generates a profit.“
Source:
toolkit.smallbiz.nsw.gov.au
/part/17/83/358
DIRECT COSTS < PRICE
 Positive MARGIN

10. MC Limitless
Accept the Challenge;
Achieve the IMpossible
To
Intern
alize
Understand
• Finance is an strategic area! that is why we are part of the back office
• Decision Making 24/7
• Be aware that our resources are for investing
LCP – LCVP
Relationship
• Decision making together
• Communication
• Information on time ( updated ) in order to make decision
Tracking and
Implementation
• Tracking every week ( Budget execution, strategies and goals) (Tool)
• Program management is happening.
Guarantee
Investments
• Investments according SMP per program
• Track and measure ( KPIs)
My role as LCP in finance

11. MC Limitless
Accept the Challenge;
Achieve the IMpossible
ITEM/ MONTH ITEM/ MONTH
Cash at Bank Cash at Bank
Expenses in
previous
WEEK 2
$ -
December
Weekly Finance Tracking Tool
WEEK 1
$ -
Review of Nov ( Last month
$ -
Expenses in
previous
Total $ - Total $ -
OGCDP Cost $ - OGCDP Cost $ -
IGIP Cost $ - IGIP Cost $ -
OGIP Cost $ - OGIP Cost $ -
TM Cost $ - TM Cost $ -
Investments $ - Investments $ -
Others $ - Others $ -
Expenses in
previous
Incomes from
previous
Incomes from
previous
Expenses in
previous
OGCDP $ - OGCDP $ -
IGIP $ - IGIP $ -
OGIP $ - OGIP $ -
ER $ - ER $ -
Miscellaneus $ - Miscellaneus $ -
Others $ - Others $ -
Incomes from
previous
Expected
expenses in
M/W
ahead
Incomes from
previous
Expected
expenses in
M/W
ahead
OGCDP Cost $ - OGCDP Cost $ -
IGIP Cost $ - IGIP Cost $ -
OGIP Cost $ - OGIP Cost $ -
TM Cost $ - TM Cost $ -
Investments $ - Investments $ -
Others $ - Others $ -
Expected
expenses in
M/W
ahead
Expected
income in M/W
ahead
Expected
expenses in
M/W
ahead
Expected
income in M/W
ahead
OGCDP $ - OGCDP $ -
IGIP $ - IGIP $ -
OGIP $ - OGIP $ -
ER $ - ER $ -
Miscellaneus $ - Miscellaneus $ -
Others $ - Others $ -
Priorities Next week Responsible I need support from .. Priorities Next week Responsible I need support from ..
1 1
2 2
3 3
Expected
income in M/W
ahead
Expected
income in M/W
ahead

12. MC Limitless
Accept the Challenge;
Achieve the IMpossible
To
Intern
alize
Understand
• Finance is an strategic area! that is why we are part of the back office
• Decision Making 24/7
• Be aware that our resources are for investing
LCP – LCVP
Relationship
• Decision making together
• Communication
• Information on time ( updated ) in order to make decision
Tracking and
Implementation
• Tracking every week ( Budget execution, strategies and goals) (Tool)
• Program management is happening.
Guarantee
Investments
• Investments according SPM per program
• Track and measure ( KPIs)
My role as LCP in finance

13. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Investments - SMP
To
Intern
alize
And general LC cost
EP Service Surplus
$77 $77
Preparation
Gifts
Reinteg. Member Rewards $39 Marketing $77
TL Rewards $19 Showcasing $77
VP Rewards $19
$231.00
oGCDP Investments
LC Portion
Marketing
$154
Member development
$77.00
ICX oGCDP
And general LC cost

14. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Investments - Program Management
To
Intern
alize
TM
• Sales Training
• Conference / EP Fee
subsidy
• Events participations
(Bussines
conferences)
• Team building
• RnR internal
campaing
MAC
• PR
• Market research
• MAC Campaign
• University relations!

15. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Budgeted executed
Increase retention rate 100% retention rate 20% growth 1 month
Increase number of TNs 5 new leads 11,250.00$ 1 month
It isthe person or VP in
charge to deliver the
strategy or invesment, it
doesnot matter
whether isadifferent
area
should be defined in termsof
RA -MA -REfor opperationsor
other resultsyou expect, not
all the investmentsshould
bring usmoney , raises,
matchesor realizations
Results you need in
order to overcome
your investment or to
identify that you
overcame or fulfilled
the investment
purpose.
Time to get
our results
(ROI)
IGIP
KPIResponsable
February
January
Investments Tracking Tool
Goal ROIMonth
December RnR Campaing $1,500 $1,250
TROI
TM/IGIP
Investment
Initiative / strategyProgram

16. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Next CFOs?
• Competencies?
• Skills?
• Knowledge?
• Background?

17. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Next steps for Q4To Do
What should we do/implement/change/stop in order
to guarantee sustainability in Q4 and Q1 next year

18. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Conclusions
Finance is not only accounting, make
adds and review information:
Finance role is not buying toilet paper to
the office

19. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Conclusions
Finance it is about strategy – Holistic vision

20. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Conclusions
FINANCE IS ABOUT LERANING
SELF LEARNING …
YOU ARE CEOs!!!

21. MC Limitless
Accept the Challenge;
Achieve the IMpossible
Conclusions
FINANCE IS ABOUT ACTIONS!