Fiscal Doctor

Dramatically Accelerate Correct Fiscal Leadership Decisions!

Timely Reports

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Cost Effective Procedures in Supply Chain Management

Welcome, I’m Gary Patterson. Let’s talk about cost effective measure in supply chain management. It’s always a very difficult balance between doing the right thing and keeping costs under control. So, where can we help you a little today. First, if you haven’t moved to the Cloud, balance security with the issues of the great savings that are available for some of the Cloud based system now. Second, you’ve got to look at this in terms of TCO, Total Cost of Ownership. So, factor in there, how you can do a better job of keeping things working well for your customers. Because when you do this, what you’re going to find very much to your satisfaction, is your supply chain will still get the people, measure materials on time. Everything gets there to people, so that they’re happy and keep buying, which keeps all of us in business. So, the situation is, find these new opportunities to do a little better and do things just a tad more. And the opportunities, talk to your vendors and the distributors of your product. They usually have some great suggestions. Thank you.

http://smallbusiness.chron.com/cost-effective-procedures-supply-chain-management-78100.html

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5 Nonprofit Strategic & Financial Insights

Boardroom Insiders was generous to share an article in which he quoted me on 5 key issues.  See the attached PDF below for fuller comments.

  • Strategic planning frees you to shake up your menu of services, and make fresh decisions on how to allot limited resources.
  • Ask yourselves where the organization will be in 10 years.
  • Another problem facing the nonprofit world is weak understanding of the true costs of your resources.
  • How much time, effort and funding do you invest in new (under 3 years old) initiatives?
  • Is your nonprofit benchmarking against similar organizations?

Boardroom Insiders NEWS4-15

Also available at the Guidestar website is my earlier article “How Many 800-Pound Issues Is Your Board Finessing?” It discusses 20 topics fellow board of directors and CEOs of non-profits felt should be addressed in more detail so you find your million $ blindspot before it finds you. http://tinyurl.com/l2rf7we

balloon

How can you give a lift to your organization?

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Areas draining your company’s profitability

TRALA - NationaLease 2015 Spring Business Meeting

Consider the approach this leading organization used to provide value for members. More details are available on the links below.

NationaLease Addresses Industry Challenges at Its 2015 Spring Business Meeting

Economic trends, employee retention, and executive ‘blind spots’ are the topics to be covered by this year’s exciting and thought-provoking speakers. This year’s speakers will pinpoint the current challenges that can create roadblocks to growth and profitability. … ‘fiscal doctor’ Gary Patterson, renowned management consultant, who will focus on helping business leaders recognize those areas that are draining their company’s profitability.

http://www.prweb.com/releases/2015/03/prweb12557606.htm

I spoke on the topic  Find Your Million Dollar Blind Spot Before It Finds You http://www.nationalease.com/events/2015/business-meeting/speakers.aspx

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Non Profit Directors, Executive Directors and CEOs: ERM Alert

How Many 800-Pound Issues Is Your Board Finessing?

Washington, DC and Atlanta, Georgia – International enterprise risk management (ERM) expert and speaker Gary W. Patterson boardroom intelligence article “How Many 800-Pound Issues Is Your Board Finessing?” is published by GuideStar. http://www.guidestar.org/rxa/news/articles/2015/how-many-800-pound-issues-is-your-board-finessing.aspx?

His article lists 20 key areas to help look for the 800 pound gorilla, to position your board to better prioritize which issues to address in more detail and in what order

  • There is a value in an outsider calling out taboos and blind spots rather than yourself. Which executive or board member should consider the points outlined above to help them come to grips with seemingly invisible, unforeseeable issues?
  • Has your organization ever had a fiscal checkup? We’re not talking about some bean counting exercise but rather an operational and strategic assessment of how your organization reflects the true realities of the world you are living in.

Clients call him their FiscalDoctor® and just as every person needs a medical doctor; every organization needs a FiscalDoctor and periodic fiscal checkups. He also supports special projects for risk assessments, enterprise risk management (ERM), operational risk management (ORM), fiscal checkups, corporate governance, strategic planning updates, and strategic growth diagnostics.

About Guidestar

Guidestar’s Mission is to revolutionize philanthropy by providing information that advances transparency, enables users to make better decisions, and encourages charitable giving. If you care about nonprofits and the work they do, then you’re affected by what GuideStar does. http://www.guidestar.org

About Fiscal Doctor Inc.

FiscalDoctor Inc. enables growth through leverage you did not know you had and works with leaders to uncover million dollar holes to make the best business decisions and dramatically accelerate correct fiscal leadership decisions. This helps leaders gain control of their financial destinies and capitalize on hidden high return opportunities, while limiting their exposure to risk.

Patterson, a Big 4 CPA / Stanford MBA, speaks regularly on topics such as governance, risk management, strategic planning, achieving financial goals, and building long-term value.

His book Million Dollar Blind Spots: 20/20 Vision for Financial Growth provides cutting edge follow-up for blind spots: how to identify them, and exploit opportunities and mitigate risk related to million dollar blind spots. Visit his website at https://fiscaldoctor.com and “free” fiscal fitness test at https://fiscaldoctor.com/fiscal-quiz/ , or call 678-319-4739.

© 2015 Gary W. Patterson. All rights reserved.tel. #.  ###

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Most Technology Applications Fail: Be a Success Story

The Society for the Advancement of Consulting® (SAC) invited one of its distinguished global members, Gary W. Patterson, to comment on how Continued Adoption of New Technologies By Consumers and Businesses Has Ongoing Effect on Businesses

risk assessment to uncover opportunities to accelerate and risk to minimize
risk assessment to uncover opportunities to accelerate and risk to minimize

FiscalDoctor® author of author of Million Dollar Blind Spots: 20/20 Vision for Financial Growth and Stick Out Your Balance Sheet and Cough: Best Practices for Long Term Business Health, suggests “Key to attaining “Happy Sponsor; Happy Technology” status is employing CAPEX best practices controls from preplanning to execution and hot wash.”

Without executing those best practices, most applications do not meet targeted results, timeframe and budget estimates.

Stunning payback and ROI result when applications are managed properly to meet strategic business goals targeted by upper management and sponsored by a key executive evangelist, not just an advocate.

Million Dollar disasters explode when applications are managed by the seat of the pants without an ability to (a) obtain crucial ongoing business purpose decisions and (b) maintain ongoing sponsor enthusiasm.

 About Society for Advancement of Consulting (SAC)

SAC is an international association of consulting professionals who subscribe to an industry code of ethics and have provided evidence of significant consulting results among their clients. For more information, please go to http://www.consultingsociety.com, write to [email protected], or call 401/886-4097.

About Gary W. Patterson

Gary W. Patterson, president & CEO of FiscalDoctor®, enables growth through leverage you did not know you had and works with leaders who want to uncover blind spots so they can make the best decisions. He has helped companies spanning supply chain, high tech, transportation, construction, and service industries. Patterson is a well-known speaker on enterprise risk management (ERM), operational risk management (ORM), strategic budgeting, risk assessments, leadership, and change management.

For more information on the FiscalDoctor, visit his website at www.fiscaldoctor.com or take a “free” fiscal fitness test at https://fiscaldoctor.com/fiscal-quiz/  He can be reached at 678-319-4737.

© 2014 Gary W. Patterson All Rights Reserved. ###