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, [...]
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 [...]
A new report from global consulting and research firm Everest indicates that the Finance and Accounting Outsourcing (FAO) market in 2010 is expected to resume a growth trajectory more similar to pre-recessionary levels, moving towards 20 percent and reach nearly $3.7 million in annual contract volume (ACV). According to the Finance [...]
April 21st – 11am CST
Cash is the lifeblood of large and small companies. Most small and mid-sized businesses (SMB’s) claim that cash management is their leading concern. In fact, one of the leading causes of business failure is a lack of effective cash management processes.
Tailored for CEO’s, CFO’s and COO’s of growing businesses, this webinar [...]
Overdue receivables obviously have a major impact on your company’s cash flow. If you don’t have a clear, detailed, firm credit policy in place, expect customer confusion, resentment, and an ever-increasing gap between your receivables and your payables.
Credit Where Credit Is Due
To whom will you extend credit, and how will they qualify? Small businesses should [...]
Vincent Ryan, CFO.com | US
January 15, 2010
New issuance of syndicated, revolving lines of credit dropped 28% by dollar volume in 2009, according to data from Reuters Loan Pricing, as companies shifted their sources of liquidity and reduced reliance on bank credit. The $547 billion in volume issued was one-third 2007’s record issuance of $1.68 [...]