Please WELCOME CFO Systems New Director!

Kim Szatko has nearly 25 years of experience in accounting in both public and private sectors, including the agriculture, energy and telecommunications industries.
Her background includes budget and forecast preparation and analytics, merger and acquisition due diligence, contract review, derivative accounting, risk controls and analysis, tax, cost accounting and fund accounting and monthly reporting to owners and executive management.
She specializes in the development of financial and operational strategies, metrics to evaluate results and risk, and controls to preserve company assets and report accurate results. EXPERIENCE
As controller of an international commodity trading business in the energy industry, she built the mid- and back-office processes from the ground up, modeling them after other successful business units in the multi-billion dollar company. She was responsible for building the zero-based annual budget for the commodity trading unit and monthly financial and risk reporting to the executive management team. Directing a team of 12 employees, she also managed the cost accounting for inventory at various terminals and facilities across the globe.
In her role as vice president of administration for a regulated communications company, she was responsible for the company's financials, ensuring they complied with Part 32 accounting recording keeping rules set by the Federal Communications Commission.
Her public accounting experience includes tax work with individuals and corporations in the agriculture industry and audit work for government entities, including schools, small municipalities and housing authorities.    

We are excited to announce the launch of our CFO Capital website! Check out our recent advisory transactions. The site will be periodically updated with news and resources for capital funding, mergers, and acquisitions.

**Client Spotlight**

Do Your Clients Suffer From Compliance Overconfidence?
Compliance with evolving government regulations is a priority for your small and midsized business clients who are, by and large, expected to remain agile and thrive while abiding by many of the same rules that govern much larger enterprises. But keeping up with the barrage of these regulations can be a serious challenge.
According to the latest  ADP Midsized Business Owners Study , the mounting level of government regulations is the number one business concern of midsized employers. The survey of more than 700 business owners and senior executives at U.S. companies with 50 to 999 employees found two in five ranked the amount of regulation as their top concern, a significant increase from the previous year.

  Human Resources

Important information regarding DOL guideline changes!
Please register for Understanding the Mandatory DOL Exempt Status Changes Effective December 1st! on June 1, 2016 10:00 AM CDT at:
On May 18th, the DOL changed their guidelines for how businesses compensate their employees. which will affect 40% of all employees. Any business with employees who are paid a salary of $47,476 per year will now be required to pay them by the hour (non-exempt) thus subject to overtime pay. 
In addition, there have been other changes and evaluation of current job descriptions, compensation plans and changes to job duties that need to occur. These changes will take effect December 1st, 2016 . Are you ready both financially and culturally for this change? Join Robyn Porter HR Director with CFO Systems and financial expert Kim Szatko Director CFO Systems, as they explain the changes, how you can implement them, and the financial implications. Learn what your organization must do now to be ready with regard to HR and with your Accounting/Financials. Q&A to follow. This is recommended for every employer of every size, and those who handle HR, compensation plans and financials.
After registering, you will receive a confirmation email containing information about joining the webinar.
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9 Things the Most Influential and Persuasive People Do, 
Backed by Science!

Think about all the  extremely successful people you know. I guarantee they're incredibly good at selling themselves, selling their ideas--in short, they're incredibly good at  persuading  other people.  Maybe that's because  selling is the one skill everyone needs to be successful ?
But being persuasive doesn't mean you have to manipulate or pressure other people.  At its best, persuasion is the ability to effectively describe the benefits and logic of an idea to gain agreement--and that means we all need to be more convincing: to persuade others a proposal makes sense, to show stakeholders how a project or business will generate a return, to help employees understand the benefits of a new process, etc.
And that's why the art of persuasion is critical in any business or career--and why successful people are extremely good at persuading others.
How can you be more persuasive?


In This Issue
New Director at CFO Systems
New CFO Capital Website
Compliance Overdrive
HR, DOL Guideline Changes