This blog post was originally posted on Austin Technology Council's weekend update on August 19, 2016.
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.”
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 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.
"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"
A small business owner typically can’t afford to hire enough people to have proper separation of duties to gain the internal controls needed to prevent accounting fraud. However, every business owner .