CFO THOUGHT LEADER 681: Not Settling for Business as Usual | Christian Geyer, CFO, ActiveNav
As Christian Geyer sees it, the path to the CFO office can begin just about anywhere.
For him, anywhere happened to be the accounts payable department of a DC-area construction company. Having built numerous government facilities across the region, the company hired Geyer—along with three other “payables specialists”—to manage the process of paying for the expansive list of building materials that the company was constantly acquiring to use in the construction of its buildings.
“I knew that if I stayed in step with the department’s typical rhythm, I would never go anywhere,” explains Geyer, who reports that shortly after his arrival, he converted what had been a 40-hours-a-week job into a 60 to 80 hours one.
“I looked at the purchase order process as well as the payment approval process, and I tried to whittle these down to figure out where the bottlenecks were in order to make us more efficient,” recalls Geyer, who quickly began eliminating snags within the process while at the same time introducing new approaches that ultimately cut the number of required man-hours per week from 160 to 10.
According to Geyer, the newly streamlined A/P processes helped to save the company $300,000 annually.
Still, what did he get out of it?
“This allowed me to free up my time and focus it elsewhere,” remembers Geyer, who adds that he soon became involved with the company’s accounts receivable and payroll processes, as well as its general ledger and audit support.
Says Geyer: “Too often you see people sitting in a job and doing the same mundane thing day in and day out. You have to challenge yourself and don’t settle.”
Next, Geyer joined a not-for-profit organization where he accepted a non-management position despite having a resumé populated with management experience.
“I took a step back in title, knowing that I could go in there and change that organization,” remarks Geyer, who notes that he reduced the organization’s reporting cycle from 6 months to 1 week—a feat that drew people’s attention and promptly got him promoted. –Jack Sweeney
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