Do you have a succession plan for your back-office?
Imagine being on the leadership team and the Chief Financial Officer of your organization abruptly leaves. There’s no transition time. There’s no transfer of information. You are just left behind to pick up the pieces. How many months does that set you behind? How many months does that set the organization behind? It’s a mess and causes undue stress on you, your department, and the health of your organization.
A proper succession plan could not have predicted this situation, but it would have given your organization a roadmap on where to go next.
The purpose of succession planning is to have a plan in place when someone within your organization leaves. This could be a career change, retirement, or an immediate life altering situation. Most of the time you can’t predict what’s going to happen, so having a succession plan in place can help work through the chaos when something unexpected happens. Deloitte reports that while 86 percent of leaders believe leadership succession planning is an “urgent” or “important” priority, only 14 percent believe they do it well. Similar to buying accounting software, succession planning is a function that you only do a handful of times in your career. It is realistic to feel that you don’t do it well if you don’t do it often.
In our eBook, we dig into succession planning steps to take and discuss why it is so important. We provide stories and statistical data to help you clearly understand the necessity of succession planning.
In our business succession planning eBook, we cover the following topics:
- The Purpose of Succession Planning
- The Importance of Good Leadership
- Culture Really Matters
- What You Need to Know About Hiring Millennials
- Hiring from Within
- Succession Planning for the Back-Office
- Post-COVID Succession Planning
- Red Flags to Watch Out For
- What’s Next?
About Ken West
Ken is AcctTwo’s Chief Revenue Officer. Ken has been an executive at AcctTwo for nearly eight years and has held four positions at AcctTwo: Chief Revenue Officer, Chief Financial Officer, Chief Operating Officer, and Board Member. He has deep experience in the technology sector, particularly in oil & gas. Prior to working with AcctTwo, Ken was a Senior Manager at PWC Graduate from Texas A&M University.
Ken works out of AcctTwo’s Houston, Texas office and can be reached directly at firstname.lastname@example.org or at (713) 744-8402.
AcctTwo is focused on delivering the future of finance and accounting to its customers. AcctTwo has three main solutions – Cloud Accounting Software, Managed Accounting Services, and Software Development, all built around Sage Intacct’s best-in-class financial applications. Our dedicated team of over 90 people has helped nearly 1,000 organizations optimize finance and accounting through software implementations, accounting outsourcing, and consulting. AcctTwo has been recognized by Sage Intacct as its Partner of the Year from 2014 – 2019 and by our customers as a leader in overall satisfaction and popularity through their reviews on G2.
AcctTwo is headquartered in Houston, Texas. For more information about accounting software customization, please visit https://www.accttwo.com or call 713-744-8400.