A recent post on LinkedIn by Oracle NetSuite listed 7 things CFOs can do in 2024 to improve company performance.
Implicit in the pitch is that better software like NetSuite will help.
In my 40+ years of experience in corporate work, and as a recruiter, I have learned that better people make for a better finance function and better financial results than any software can.
Software installation takes time and money and diverts attention from other more pressing issues and problems.
Good people solve problems. For example:
These individuals relied heavily on competitive information and understanding of practices that had proven successful, rather than using information generated by the company systems.
Similarly, when I was at Seagram, I helped turn a money losing joint venture in Japan into their second most profitable international subsidiary.
If you want to make 2024 a better year for yourself and your company, don’t buy a new software “solution.” It won’t solve anything. Instead, think about investing in human capital by hiring and retaining results-oriented people with proven track records of driving positive change.
Best wishes for a great 2024!