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Mike Pocrnich Shares Expert Insights on FPandA Best Practices for Navigating Economic Uncertainty Client: Element Financial Advisory

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Canton, Michigan, 16th January 2025, ZEX PR WIRE, Economic uncertainty has become the defining challenge of modern financial management. As businesses grapple with inflation, supply chain disruptions, and market volatility, Financial Planning and Analysis (FP&A) professionals are under increasing pressure to deliver strategic guidance and financial stability. Mike Pocrnich, a seasoned accounting professional with over 20 years of experience in non-profit accounting, auditing, and financial analysis, is stepping forward to share actionable strategies for navigating these turbulent times.

A Trusted Financial Leader with a Proven Track Record

Based in the Minneapolis metro area, Mike Pocrnich holds a BA in Accounting from St. John’s University and boasts a robust career spanning two decades. From his early days as a Senior Auditor at CliftonLarsonAllen to his current role as Finance Manager at Element Financial Advisory, Mike has demonstrated exceptional expertise in financial forecasting, reporting, and compliance. His work with organizations ranging from government entities to those with revenues exceeding $20 million has cemented his reputation as a trusted advisor and strategic leader.

Mike’s extensive knowledge of accounting principles, including GAAP, FASB, and GASB, combined with his hands-on experience in state and federal grant administration, makes him uniquely positioned to offer insights on how FP&A teams can thrive amid economic challenges.

The Current Economic Landscape

Today’s financial environment is shaped by factors that demand more than traditional FP&A practices. Inflation has eroded purchasing power, supply chain disruptions have created budget unpredictability, and market volatility has left businesses vulnerable to external shocks. These dynamics require FP&A teams to be more agile, strategic, and proactive than ever before.

In this context, Mike Pocrnich advocates for a shift in how organizations approach financial planning and analysis. “Economic uncertainty is not just a challenge-it’s an opportunity for FP&A teams to demonstrate their value,” he explains. “By adopting best practices and leveraging the right tools, organizations can turn unpredictability into a competitive advantage.”

Best Practices for FP&A in Uncertain Times

Mike outlines three core pillars for navigating economic uncertainty effectively: flexible financial models, scenario stress testing, and optimized cash flow management.

1. Creating Flexible Financial Models

In times of uncertainty, rigidity can be a company’s downfall. Mike emphasizes the importance of developing flexible financial models that can adapt to changing conditions.

“A dynamic financial model is essential,” he says. “Rather than relying on static budgets, FP&A teams should implement rolling forecasts that adjust as new data becomes available. This allows organizations to respond quickly to market changes and make informed decisions.”

Mike also highlights the role of technology in enabling flexibility. Advanced ERP systems and forecasting tools can streamline data collection and analysis, giving FP&A professionals the real-time insights they need to pivot strategies when necessary.

2. Stress Testing Scenarios for Preparedness

Stress testing is another critical component of effective FP&A in uncertain times. By evaluating how various scenarios-such as a sudden increase in costs or a drop in revenue-would impact the organization, FP&A teams can identify vulnerabilities and develop contingency plans.

“Stress testing helps organizations prepare for the worst while positioning them to seize opportunities when conditions improve,” Mike explains.

Drawing from his experience managing non-profit audits and financial controls, Mike recommends incorporating both macroeconomic indicators and industry-specific risks into stress testing models. This ensures a comprehensive understanding of potential threats and helps businesses build resilience.

3. Optimizing Cash Flow Management

Cash flow is the lifeblood of any organization, especially during periods of economic uncertainty. Mike stresses the importance of maintaining a strong cash position to weather unexpected challenges.

“FP&A teams must focus on cash flow forecasting and liquidity management,” he advises. “This includes identifying areas where costs can be reduced without compromising operational effectiveness and exploring opportunities for revenue diversification.”

Mike’s approach to cash flow optimization also involves leveraging technology to automate routine processes such as accounts payable and payroll management. By freeing up resources, organizations can dedicate more time to strategic financial planning.

Collaboration and Agility: Key Ingredients for Success

Beyond technical skills, Mike emphasizes the importance of collaboration and agility in FP&A practices. Effective financial planning requires close communication between departments, from operations and sales to leadership teams.

“Agility isn’t just about processes-it’s about people,” Mike notes. “FP&A teams must foster a culture of collaboration where insights are shared freely, and decisions are made collectively. This not only improves accuracy but also ensures that everyone is aligned on the organization’s financial goals.”

Mike’s own career exemplifies this collaborative approach. At Element Financial Advisory, he works closely with clients to provide tailored CFO and Controller services, ensuring their financial strategies are aligned with their long-term objectives. His high emotional intelligence and ability to manage diverse teams make him a standout leader in the field.

The Role of Technology in Modern FP&A

Technology plays a pivotal role in enabling the best practices outlined by Mike. From advanced analytics tools to AI-driven insights, the digital transformation of FP&A is accelerating at an unprecedented pace.

“FP&A teams that leverage technology effectively can gain a significant edge,” Mike says. “Automation reduces manual workloads, while predictive analytics provide deeper insights into future trends. This empowers teams to focus on strategic initiatives rather than getting bogged down in routine tasks.”

Mike’s proficiency with ERP and CRM software, including the Microsoft suite, underscores the importance of technical expertise in modern FP&A roles. His ability to integrate these tools into financial workflows has been instrumental in delivering value to clients and driving organizational success.

A Vision for the Future

As economic uncertainty continues to challenge organizations worldwide, Mike Pocrnich remains committed to sharing his expertise and helping FP&A teams navigate these complexities. His vision for the future of FP&A is one where agility, collaboration, and technology converge to create a resilient and adaptable financial function.

“Uncertainty is inevitable, but it doesn’t have to be a barrier to success,” Mike concludes. “By embracing best practices and staying ahead of the curve, FP&A professionals can turn challenges into opportunities and lead their organizations to new heights.”

About Mike Pocrnich

Mike Pocrnich is an accounting professional with over 20 years of experience, specializing in non-profit accounting, auditing, and financial analysis. Based in Minneapolis, he has a proven track record of success in financial forecasting, grant administration, and compliance. As a Finance Manager at Element Financial Advisory, Mike provides CFO and Controller services to a diverse client base, offering strategic guidance and operational excellence.

For more information or to connect with Mike Pocrnich, please contact:

Mike Pocrnich

https://mikepocrnich.com/

elementfinancial@mail.com

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Philadelphia Native Daniel Razionale Spotlighted in Exclusive One-on-One Interview

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January 16, 2025

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Pennsylvania, USA, 16th January 2025, ZEX PR WIRE, Daniel Razionale, a prominent figure in the Philadelphia restaurant scene known for his exceptional service and commitment to environmental stewardship, is featured in an insightful one-on-one interview that delves deep into his life’s passions and professional pursuits. Raised in a community-focused family, Daniel has built a career that harmonizes his love for the culinary arts with his dedication to conservation and the great outdoors.

In the interview, Daniel shares personal stories about growing up in suburban Philadelphia, where he was inspired by his parents’ impactful careers at PECO Energy and Anheuser-Busch. This foundation instilled in him a strong work ethic and a desire to contribute positively to society, traits that have guided him throughout his life and career.

Professionally, Daniel has made a name for himself as a beloved restaurant server, where his knack for creating memorable dining experiences has garnered him a loyal following. His approach goes beyond serving food; it’s about creating an atmosphere that makes each patron feel special and valued. This dedication to service is matched by his commitment to environmental advocacy, which he actively promotes through participation in local conservation efforts and his personal blog.

The interview also covers Daniel’s leisure activities, highlighting his passion for hiking and cycling through Pennsylvania’s landscapes. These pursuits not only provide personal fulfillment but also fuel his environmental initiatives, demonstrating how his professional and personal lives are intertwined with his love for nature.

Daniel’s story is a powerful testament to how professional dedication and personal passion can come together to create a meaningful impact. This feature is a must-read for anyone interested in how dedication to service and love for the environment can coexist and enrich a community.

To read the full interview, visit the website here. 

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First Team Real Estate CEO, Michele Harrington, Launches #1 Best Selling Book Teaching Self-Discipline to Manifest Goals

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January 16, 2025

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Michele Harrington, CEO of First Team Real Estate and former U.S. Marine, has launched her new transformational book teaching self-discipline to manifest goals, now a #1 Amazon best seller. The book is a practical guide, successfully teaching people how to pursue their goals with the power of constant self-discipline.

Orange County, CA, 16th January 2025, ZEX PR WIRE, First Team Real Estate CEO, Michele Harrington, an accomplished entrepreneur, and former United States Marine Corps Corporal, is proud to announce the release of her highly acclaimed new transformational book. This innovative guide has hit the #1 spot on Amazon’s best seller list and provides readers with no-nonsense strategies to master self-discipline, break through obstacles, and manifest the life they truly desire.

In her book, Harrington presents a variety of personal stories from her life experience, from being a young Marine struggling with financial issues to being the CEO of one of California’s largest independent real estate companies. Harrington converts these lessons into step-by-step guides that readers can use to transform their lives, become mentally strong, learn successful habits, and spur themselves on to action and follow through.

The book is divided into sections, focusing on key themes like building mental resilience, creating progress-driven habits, and maintaining focus to overcome challenges. Readers are provided with the tools to transform their mindset and, ultimately, their lives.

This release is ideal for anyone looking to overcome procrastination, master discipline, and achieve their dreams. Entrepreneurs, professionals, or anyone seeking a life-changing mindset shift are bound to experience a significant change in their lives and develop the golden key of discipline.

About Michele Harrington

Michele Harrington is the Chief Executive Officer of First Team Real Estate, California’s largest independent real estate company. A former Marine and self-made entrepreneur, Harrington has exhibited astounding leadership, coaching, and empowerment. She is passionate about helping individuals achieve professional and personal success through discipline, systems, and strategic action. Her new transformational book reflects her insights and mission to inspire others to take control of their lives.

About First Team Real Estate

First Team Real Estate, established in 1976, is the largest privately held real estate company in Southern California. With over 2,000 agents and 30 offices, the company offers comprehensive services including residential and luxury home sales, commercial real estate, relocation services, and property management. First Team is renowned for its innovative marketing strategies, extensive agent training programs, and a deep commitment to the communities it serves. Their mission is to provide professional and personalized real estate services, ensuring clients achieve their property goals with confidence and satisfaction.

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Workplace Well-Being: Jeremy Painkin on Mental Health in 2025

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January 16, 2025

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Advocating for mental health as a cornerstone of workplace success, supported by data and actionable insights

Texas, USA, 16th January 2025, ZEX PR WIRE, Jeremy Painkin, a respected business leader and advocate for workplace culture, is shining a spotlight on the importance of mental health in the workplace for 2025. With stress, burnout, and mental health challenges on the rise globally, Painkin is urging organizations to make mental health support a priority for employees.

“Workplace mental health isn’t just a personal issue; it’s a business imperative,” says Painkin. “When employees feel supported, they perform better, collaborate more effectively, and drive stronger results. It’s time we treat mental health as foundational to success.”

The State of Workplace Mental Health

Painkin’s advocacy is grounded in compelling statistics. According to the World Health Organization, depression and anxiety cost the global economy $1 trillion annually in lost productivity. Additionally, a 2024 survey by Gallup revealed that 76% of employees experience burnout at least sometimes, with 28% reporting feeling burned out “very often.”

“Mental health challenges affect every level of an organization,” Painkin emphasizes. “The numbers are staggering, but behind those numbers are real people struggling to balance work and life in increasingly stressful environments.”

Practical Strategies for Change

Painkin advocates for several actionable strategies to address workplace mental health:

  • Creating Open Cultures: Encouraging conversations about mental health to reduce stigma.

  • Providing Resources: Offering access to counseling, employee assistance programs, and flexible work options.

  • Training Leaders: Equipping managers with tools to recognize and address mental health challenges.

“When leaders make mental health a priority, they set the tone for the entire organization,” Painkin explains. “It starts with awareness but requires consistent action.”

The Business Case for Mental Health

Investing in mental health doesn’t just benefit employees; it boosts business performance. A study from Deloitte found that for every $1 invested in workplace mental health initiatives, companies see an average return of $5 due to reduced absenteeism, increased productivity, and improved retention.

“Supporting mental health isn’t just the right thing to do—it’s smart business,” Painkin notes. “Healthy employees lead to healthy organizations.”

Leading by Example

As a mentor and leader, Painkin has consistently championed employee well-being. His emphasis on creating trust and fostering growth has earned him a reputation as a transformational leader.

“When people know you care about them beyond their performance, they show up differently,” he says. “They’re more engaged, more innovative, and more resilient.”

About Jeremy Painkin

Jeremy Painkin is a seasoned executive known for his ability to transform teams and organizations through trust, purpose, and strategic leadership. Currently serving as Chief Revenue Officer at Naylor Association Solutions, he is also a passionate advocate for mentorship and community impact. With a career spanning industries and challenges, Jeremy’s focus remains on creating environments where people and businesses thrive.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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