Is your company flying blind?
Timely, reliable financial reports are the eyes and ears of effective decision-making. Without good data, it’s impossible to hammer out a winning business strategy. You can’t be sure that your company is truly creating value, the only ticket to long-term growth and prosperity.
Of course, every organization produces statutory reporting, if only [...]
Ask the CEO or CFO of any small or midsize business if there are ways they could improve their finance function, and chances are you’ll hear something like: “We run pretty lean.”
Look around the offices of the finance department, and you’ll find plenty of evidence to back that up. Everyone is busy, no question, and [...]
The noted American writer H.L. Mencken famously remarked that for every complex problem there is a solution that’s clear, simple … and wrong.
If Mencken had been a CFO he might have observed that when it comes to improving the finance functions of small and midsize businesses, every complex challenge has a traditional solution that’s obvious, [...]
Your objective is growth: steady, sustainable and accelerating.
Can your back office financial operations support this growth without falling apart and adding non-scalable costs?
Consider what happens in most small and midsize businesses when they start to push up against the limits of QuickBooks and Microsoft Excel. As particular processes become unmanageable, they invest in specialized point [...]
Can going paperless save you money?
It might be an exaggeration to say that smaller companies are “drowning in paper.” But, no question, an overreliance on hard copy creates an obstacle to the healthy, efficient functioning of their finance departments.
Take accounts payable, for example. More than 84 percent of all invoices are still received on paper [...]
If ever there was a time for finance to step up and demonstrate its value to the organization at large, this has got to be it. Right now.
There’s a massive change under way in companies’ strategic orientation, as business leaders turn from navigating the later stages of recovery to pursuing outright growth. According to Deloitte’s [...]
As the head of a finance organization there is a perpetual battle for your time between tactical issues and strategic initiatives.
Tactical
Strategic
Production of Financials
Fund Raising
Audit Support
Profitability Analysis
G/L Management
Contract/Pricing Model Standardizatoin
Systems Evaluation/Configuration
M&A Analysis
Process Management
Managing Business Investment
Financial [...]
“I have been around long enough to be sure that you don’t know what you think you know regarding product or client profitability until you see the financial data”
- Scott Bonnallie, CEO – Dannemiller Inc.
For many executives of small and mid-market companies, trying to run the business with little to no accurate and timely financial [...]
By Rey Madolora – Vice President of Services, Consero.
Poor financial controls can create significant waste, fraud, or decreased credit rating – yet it happens to thousands of businesses every year. A sound internal control environment is the foundation from which a corporate finance function can be relied upon to protect and report on the company’s [...]
For today’s corporations, the ground is shifting. Issues such as globalisation, business efficiency, increased specialisation and product innovation are percolating upwards in priority. And corporations are now focusing more intently than ever on profitability, working capital, cash flow, technology, risk management and investments.
To manage these priorities successfully, organisations are moving away from a longstanding business [...]