Connecting Continuous Improvement to the Bottom Line - Webinar Recording, KaiNexus & Nick Katko

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Presented by Nick Katko


Lean is a long-term business strategy, primarily focusing on
employees and learning. Through various continuous improvement
practices, employees learn to master their work, solve the right
problems and help an organization learn how to do things tomorrow
it cannot do today.

The operational impact of continuous improvement is well known.
Eliminating waste creates capacity, which can be used to serve
customers better, improve productivity and improve employee
satisfaction. But what about the financial impact? Oftentimes
conventional financial analytical practices do not capture the
true financial benefits of continuous improvement. This becomes a
“problem to be solved.”

This webinar will explain how to make the true cause-effect
relationships between continuous improvement and financial
improvement visible throughout the organization. Integrating
these relationships will improve the quality of business
decision-making and leverage continuous improvement for financial
success for the entire organization.

In this webinar, you will learn:


the numbers to establish the true cause-effect relationships
between continuous improvement and financial improvement.

how to use the economics of lean to calculate the financial
benefit of continuous improvement

how continuous improvement achieves cost reduction over time

why certain conventional financial analyses can show that
continuous improvement is “not working” financially



Nick is the President and owner of BMA. Since 2002, Nick has
leveraged his Lean Accounting experience and philosophy in
assisting BMA clients in developing, leading, and coaching them
in their Lean Accounting transformations. Clients Nick has served
a range of organizations worldwide, from family-owned businesses
to multi-national companies in industries such as manufacturing,
healthcare, software, engineering, and service.


Nick is an early pioneer of Lean Accounting. In the 1990s, as CFO
of Bullard, Nick implemented a complete lean management
accounting system in conjunction with Bullard’s Lean
transformation, which included eliminating standard costing.


Nick is a regular speaker at the annual Lean Accounting Summit
and has also presented at conferences in the United States,
Europe, Asia, and Australia.


Nick has written extensively on lean accounting. He is the author
of “The Lean CFO – 2nd edition” (2023), which is an updated
version of the 2013 publication “The Lean CFO.” The Lean CFO has
been translated and published in Turkish and Italian. Nick
co-authored “Practicing Lean Accounting” (2021), which has also
been published in Italian.