Remove Accounting Remove Benchmarking Remove CFO Remove Concentration
article thumbnail

Make HR your BFF for Financial Workforce Planning

Generation CFO

I started my career as an accountant in industry in the 1990s, and, at this time, we were very much of the ‘last-year + % salary increase’ brigade. If we go back a few years, HR was very much concentrated on getting payroll correct. All of this, of course, supports the planning process and benchmarking between organisations.

Planning 131
article thumbnail

How to mitigate insolvency risk

Future CFO

There is also the natural climate to take into account. Shorten your supply chains and avoid concentration in one geographic region. Review the credit terms you extend to customers and suppliers, and benchmark your trade terms against the rest of your industry. Create a cash buffer that your business can access in an emergency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shared services raise the efficiency of the finance function

Future CFO

In the finance function, basic accounting processes like accounts payable, payroll and purchasing are often allocated under the shared services model. This allows the organisation’s core finance and accounting (F&A) operations to concentrate on more strategic work, such as financial analysis and planning. "We

Finance 52
article thumbnail

2022 Best-Of Highlights From The Nerd’s Eye View Blog

CFO News Room

10 Key Performance Indicators For Financial Advisory Firms To Compare With Industry Benchmarking Studies – Industry benchmarking studies can be a valuable tool for advisory firm owners to make better business decisions.

Planning 130
article thumbnail

Building Blocks of Business Valuation

VCFO

A good place to start is benchmarking yourself against your competition. If a company’s offerings are so niched or concentrated, what happens if demand shifts suddenly or consistently over time for that offering or set of offerings? Anyone with thoughts of selling their business within five years would be wise to get to work now.

article thumbnail

101 Ways Financial Advisors Can Add Value For Their Clients

CFO News Room

Along with designing a client’s asset allocation , optimizing asset location is another way advisors can add value as putting different investments in taxable versus tax-deferred accounts can have a significant impact on after-tax returns. Retirement Planning.