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Time Management Strategies for Accounting & Finance Professionals ACCOUNTEX Debbie Rich-Walker Senior Manager, Finance The Home Depot 11/14/16

Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

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Page 1: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Time Management Strategies for Accounting & Finance Professionals

ACCOUNTEX

Debbie Rich-Walker Senior Manager, Finance

The Home Depot 11/14/16

Page 2: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

“Time is our most valuable asset, yet we tend to waste it, kill it, and

spend it rather than invest it” John Rohn

Rags to Riches Entrepreneur

Page 3: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Agenda

1. Your Greatest Time Management Tools

2. 12 Time Management Habits to Master

3. The Time Matrix

4. The FIVE Choices To Boost Productivity

5. Evolution of AP – Next Generation

6. Change Management

7. Key Takeaways

8. Q&A

Page 4: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Time Waits For No One

Page 5: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build
Page 6: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

5 Things Wealthy People Do Everyday

1. Keep Their Cool

2. Maintain a “TO DO” List – Daily

3. They Don’t Watch TV

4. Read Financial Times

5. They Network

Page 7: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

The Time Bank

Invest Your Time Wisely!

Page 8: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

12 Time Management Habits To Master

1. Be Authentic

2. Favor Trusting Relationships

3. Maintain A Healthy Lifestyle

4. Listen To Your Biorhythms

5. Focus On Highest Priorities

6. Say “NO” To Others, Often

(2014 Forbes Magazine)

Page 9: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

12 Time Management Habits To Master

7. Make Time (Daily) For Focused Effort

8. Improve Always (Reduce Redundancies)

9. Build Solid Processes (Standardized & Sustainable)

10. Be Pro-Active & Don’t Procrastinate

11. Break Goals Into Smaller Units (Focus on the now)

12. Finish What’s Important & Stop Doing What’s No Longer Worthwhile

(2014 Forbes Magazine)

Page 10: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Vision & Purpose

Your Greatest Time Management Tools

Balance

Equilibrium

Page 11: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Focus on Your Highest Priorities

Winning Starts With Knowing Exactly Where You are Going

Page 12: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Improve Always

Continuous Improvement Mindset

Page 13: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Break Goals into Smaller Units

Keep Stepping!

Page 14: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

How To Get More Done

1. Work Longer

2. Work Faster

2. Work On Fewer More Important Tasks

3. Do Things That I Am The Best At!

4. Make Fewer Mistakes – Improve Accuracy

6. Increase Team Collaboration

7. Improve Quality of Life/Say “No” Often

Page 15: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

The Time Matrix

Crisis

Pressing Deadlines

Deadline –Driven Projects,

Meetings & Reports

Preparation

Prevention

Relationship Building

Values Clarification

Needless Interruptions

Unnecessary Reports

Unimportant Meetings, Phone Calls

E-mails

Busywork

Irrelevant Phone Calls, E-mails

Escape Activities

Excessive Internet, TV &Social Media

Urgent Not Urgent

Imp

ort

ant

N

ot

Imp

ort

ant

(Necessity – Manage) (Productivity & Balance – Focus)

(Deception – Minimize) (Waste & Excess – Avoid)

Page 16: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

The 5 Choices To Boost Productivity (Franklin Covey)

1

• Act On The Important

• Don’t React To The Urgent

2

• Go For The Extraordinary

• Don’t Settle For the Ordinary

3

• Schedule the Big Rocks

• Don’t Sort Gravel

• Rule Your Technology

• Don’t Let It Rule You

• Fuel Your Fire

• Don’t Burn Out

4

5

De

cisi

on

A

tte

nti

on

En

erg

y

Page 17: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Are You Getting the Most from your RTE?

Maximizing ROI on Time & Energy

Page 18: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Very

Page 19: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

When less is more

DO Achieve

- = +

Page 20: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Reflection Make Time for Creativity & Innovation

Page 21: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Value Creation Opportunities

P2P/R2R Automation

– Self Service Technologies

– Working Capital Strategies

– Robotics & Mobile Apps

Save Time & Money

Page 22: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Leveraging People, Process & Technology

Page 23: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Technology Revolution - Stay Relevant Tips for the 2nd Machine Age

(Financial Times 4/15)

• Embrace Change - Be Ready For The Future

– Adaptable

– Flexible

– Lifelong Learning Mindset

• Be Creative – Cultivate Soft Skills

– Interpersonal

– Persuasive

– Entrepreneurial Spirit

• Find your Passion – Do what you love!

Page 24: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Digital Workforce

“By 2018, digital business require

50 percent less business process

workers and 500 percent more

key digital business jobs,

compared to traditional models.”

Gartner’s Symposium 2014

Page 25: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

“Keys to “Managing Change” Typical Organizational Response to Change

Perf

orm

ance

Steady State

Time

Continuous Improvement

Incremental Improvement

Performance Drop

Implementation / Go Live

Organizations often experience post implementation performance drops as employees tend to regress into “old” behaviors

Successful Change Management lessens the “depth” and shortens

the duration of the Performance Drop

Automation

Goals

Development

Page 26: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Filling the Time Jar

Page 27: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Stay Hungry. Stay Foolish.

Page 28: Time Management Strategies for Leaders · 2019-10-02 · 12 Time Management Habits To Master 7. Make Time (Daily) For Focused Effort 8. Improve Always (Reduce Redundancies) 9. Build

Q&A

Deborah Rich-Walker, MBA, CAPP [email protected]