Podcast: Play in new window | Download
How can risk management become a lever for change? Join us as Dan Crumb, CFO, Kansas City Chiefs, shares his CFO mindset and reveals how regulating risk became a cultural cornerstone for the football franchise.
Our Sponsor
BlackLine Does your finance department remain bogged down in the trenches using spreadsheets to accomplish complex accounting and finance tasks? It’s time to reinvest your people’s time in high-value activities and enter the age of modern finance. Learn more. Visit www.Blackline.com
Driving Change: The Ah-Hah Moment
The following is an edited abstract from the CFO Thought Leader podcast featuring Dan Crumb, CFO, Kansas City Chiefs and Jack Sweeney, co-host of CFO Thought Leader.
CRUMB: Well, I really firmly believe risk management was that ah-hah moment for me. It’s a function that you see more and more today, you’re hearing more and more about how vital or how critical risk management is. And so, you’re seeing some of the things that happen when you don’t really have good corporate governance and you don’t have good risk management or a good focus on risk management. And so, when I came here, I really felt that one of the strategic things that I wanted to do was really improve risk management, make it one of those foundational pieces of how we operate and make it as best as it could be, and really focus the attention on driving that point home to everybody. We’ve really seen where it’s become a cultural thing and it’s really allowed our organization to put not only the ability to put processes in place that drive down risk but we found that by putting these processes in place, we function better overall as an organization, we’re more efficient.
So, to me that was really sort of that big shift, that strategic shift of we went full in on risk management and we drive so many benefits on the back end as a result of it.
No comments yet.