Frank Coker speaks at the Connectwise conference about the steps to financial successmanagement

1. Presented by:
Frank Coker, CMC, MBA
CEO
CoreConnex, Inc.
Producer of the
CorelyticsTM Financial Dashboard
The Formula
for Financial Success
The journey to proactive financial management

2. Business Stages

3. Managing the Business
1. Fun
2. Intentional
3. Proactive

4. Financial Management
Startup
• Earn and spend
Established
• Earn, reserve and spend
Growth and Expansion
• Earn, invest, reserve and spend
Ownership Transition
• Earn, invest, retain, distribute, and spend

5. Key Areas of Control
1. Cash - requirements forecasting
2. Margin - COGS – direct costs
3. Profit - excludes owner incentives
4. Ratios - DOR, Quick, Growth Rates
5. Investment - ops vs capital
6. Valuation - market value

6. Static vs Trend Analysis
Versus

7. Static vs Trend Analysis

8. Static vs Trend Analysis
Benchmarks
Conventional S-L IndexTM
• Survey-based • Real Data
(wishful thinking) • Qtr -> Monthly
• Annual updates • Business model
• One size fits all based
• Trend analysis - • Trend analysis -
fuzzy granular

9. Your Business Model

10. Your Business Model
Additional Elements
• Size ($, staff)
• Location
• Organization
• Target market

11. Corelytics | ConnectWise
Edition
Perspectives
• Goals
• Benchmarks
• Trends
• Forecasts
• Profile

12. Corelytics Options
Now
• Lite
• Standard
Future
• Ops+Finance
• Cash management
• Portfolio profitability
• Peer Collaboration

13. The Formula for Success
1. Tools
2. Goals
3. BI
4. Continuous monitoring
5. Collaboration

14. 30 Minutes a Month

15. Learn More
https://dashboard.corelytics.com