Football and Finance: Reading Signals to Optimize Performance - OneStream Software
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Football and Finance: Reading Signals to Optimize Performance

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“Blue 42, Blue 42, 54 is the Mike, Omaha, set, hut!”. This or a similar cadence can often be heard by a quarterback “calling the signals” during an NFL football game. What’s this all about? To most of us it is unintelligible but to the players on the field it provides essential information. It can be used to set a cadence for the offense or as a tactic to confuse the defense. Each word or phrase called out by the quarterback is scripted to communicate the play to the offense or to communicate the defensive set.

This is just one of the many ways signals are used in football. While remembering the play called in the huddle and listening to the signals the quarterback communicates at the line of scrimmage, the players on the field are also reading specific signals in the defense that will influence how they are going to execute the play.

A good example of a player who is constantly reading signals in the defense and adjusting his execution is George Kittle, of the San Francisco 49ers. OneStream Software had the pleasure of hosting a webinar featuring the All-Pro tight end where we discussed his techniques for reading defenses – and compared it to the way finance executives can read the signals in their business in order to make mid-stream adjustments in order to optimize performance. In case you missed it, here’s a link to the replay and below are some of the highlights of the discussion.

 

Reading Signals in Your Business

OneStream President Craig Colby kicked off the webinar with a brief introduction to OneStream and our unified Intelligent Finance platform. Because the OneStream platform unifies financial close and consolidation, planning, reporting and analysis in a single application it brings several benefits to organizations. OneStream customers are able to:

The OneStream XF MarketPlace enables customers to extend their investment in the platform with over 50 solutions they can download, configure and deploy to address additional requirements without adding complexity. This includes solutions like Account Reconciliations, Tax Provision, Lease Accounting, People Planning, Capital Planning and more.

But new customer requirements are emerging. To be a more strategic advisor to business partners, finance teams need to not only master month end close, reporting and planning – they also need the time, insight and foresight to take action now that will impact financial results in the current period and future periods. If they can accomplish this, they can deliver more tangible business value.

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And to do that – they need a way to decipher the financial signals hidden in detailed weekly and daily operational data, such as customer billings and collections or supplier performance. Having insights into this data allows them to work with their business partners to take action now that will impact period-end financial results BEFORE the end of the month or quarter.

Making these mid-game adjustments in business is similar to what happens in professional football as teams and players continually make changes to their game plan in order to outsmart the opposition and win the game. And no one does this better than George Kittle.

Reading Signals in Football

George Kittle is a tight end for the San Francisco 49ers of the National Football League (NFL). He played college football for the University of Iowa Hawkeyes and was drafted by the 49ers in the fifth round of the 2017 NFL Draft. He is a two-time Pro Bowler and a First-team All-Pro selection. In 2018, Kittle set the single season record for receiving yards by a tight end, with 1,377.

In a short time in the pros, Mr. Kittle has become one of the best players in the league, the only disappointment being his team’s loss to the Kansas City Chiefs in Super Bowl LIV, back in February 2020. But shortly after the game Mr. Kittle vowed to return to the Super Bowl with a vengeance.

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George Kittle 49ers

During the webinar, we ran video of several successful plays featuring Mr. Kittle and asked him to comment on what he was seeing before the play and then what happened during the play to make it successful. For example, he spoke about how he’s reading the position of the defensive safeties and linebackers in deciding which route he’s going to take on a passing play. He also spoke about how the offensive team will use motion in their formation before the snap to detect whether the defense is set up in man-to-man or zone formation. He also highlighted how in some cases a mis-que by the offense can turn into an improvised play that can still be successful.

This was a fascinating discussion featuring several key touchdowns featuring Mr. Kittle, as well as several long-gaining pass plays. In the course of the conversation and in the Q&A session that followed, Mr. Kittle revealed several best practices that have led to his success and the success of his team, which also have applicability in finance and business. This includes the following:

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All of these best practices and habits highlighted by Mr. Kittle are also applicable in business. I thought mastering the game plan and “visualizing success” were especially applicable for finance executives. The more you can automate the core finance processes the more time you’ll have to focus identifying and acting on the financial signals in your business. Visualization can be effective in advance of key board or investor presentations to anticipate their questions and practice your answers in advance to ensure success. To learn more, watch the replay of this webinar and contact OneStream if you need help analyzing the signals in your business that can help optimize decision-making and improve business performance.

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