VCFO
MAY 30, 2024
To what extent am I navigating by intuition and feeling as opposed to a well-formed strategic plan? For financial factors, this includes actions such as employing add-backs and adjustments to support accurate benchmarking, recognizing and reflecting one-time expenses, and ensuring accurate and properly prepared financial statements.
VCFO
NOVEMBER 1, 2023
These actions might include: A blitz on collection of past due receivables to reduce cash tied up in past due accounts, reduce bad debt exposure and improve DSO (days sales outstanding – a metric often scrutinized by lenders). Read more in our blog about Lease Accounting Updates.) It is important to ensure that is happening.
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Fpanda Club
FEBRUARY 5, 2024
Moreover, over 30% of finance leaders still do not have a seat at the table during strategic planning discussions. It is extremely important to ensure this specific positioning of the finance business partners with their business focus and proactive approach in regards to other finance, accounting and controlling roles.
The Charity CFO
MARCH 22, 2024
In addition to identifying KPIs, you’ll need to establish benchmarks for success. After choosing KPIs and their benchmarks, you can start incorporating data insights into strategic planning. Our experienced team of financial and accounting professionals specializes in nonprofits.
Nerd's Eye View
MARCH 28, 2023
What's unique about Erica, though, is how she built a series of spreadsheet tools to measure the details of each step of her advisory firm’s marketing funnel, from lead generation to each meeting in the sales process to client onboarding and getting initial revenue for the firm… and then turned it into a series of tools that any advisory (..)
VCFO
MARCH 2, 2023
Some may think that makes financial management and strategic planning in a professional services firm simpler. Visualizing and articulating goals for the business provides an endpoint that one can then walk back year-on-year to chart milestones, build meaningful budgets, and form the basis of the strategic plan.
The Finance Weekly
NOVEMBER 27, 2023
They are widely used in , strategic planning and reporting to guide investment decisions. This measure aids in predicting future profits and establishing profitability goals and benchmarks. Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales.
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