VCFO

MARCH 17, 2023

How much is being charged to cost of sales? What is the percentage of the cost of sales to revenue? A benchmark exercise can also provide insight here. direct labor and absorption rate – fixed, variable, and semi-variable overhead expenses), and All costs associated with preparing goods for sale (e.g.,

Manufacturing

Spreadym

JULY 26, 2023

Factors may include changes in market conditions, pricing, production costs, sales volume, or unexpected events. Financial variance analysis is a valuable tool for financial management, budgeting, and strategic planning.

Budgeting

VCFO

MARCH 30, 2023

A good place to start is benchmarking yourself against your competition. If that assessment of the customer portfolio shows that the base is too heavily weighted, one step would be to examine sales strategy and whether broadening the customer base across new markets or industries or via new offerings is a viable play.

Valuation

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.

Budgeting

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. Using data insights from the ads, you can determine which was more effective for increasing ticket sales or donations.

Nonprofit

Focus CFO

NOVEMBER 18, 2024

Building a powerful annual budget that aligns with your company's vision and strategic plans is crucial for success, especially as we head into 2025. By carefully examining historical data, setting clear objectives, and developing a comprehensive plan, you can navigate the year ahead with confidence.

Budgeting

Boston Startup CFO

APRIL 12, 2024

By implementing a robust measurement system, we will provide you with valuable data-driven insights into your company's performance, enabling better decision-making, early detection of potential issues, and strategic planning for long-term success.

Planning

Spreadym

JUNE 27, 2023

FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making. The primary objectives of FP&A.

Financial Planning and Analysis (FP&A)

Spreadym

JUNE 8, 2023

A plan typically covers a longer time horizon, such as three to five years, and encompasses various aspects of the business, including sales, marketing, operations, and human resources. Validate and Refine: Validate the forecasted results by comparing them with industry benchmarks, market research, or other sources of information.

Forecasting

Planful

OCTOBER 25, 2016

One of the other panelists also commented on this, highlighting that one of his areas of focus is ensuring that incentive compensation drives the sales team to balance its focus between servicing existing customers and acquiring new customers. How can Finance minimize and mitigate risk in the business?

Risk Management

CFO Talks

MARCH 19, 2024

This list should encompass both quick wins, such as automating invoice processing to improve cash flow management, and long-term objectives, like integrating AI-driven analytics for more accurate financial forecasting and strategic planning. These KPIs serve as benchmarks to measure the organization’s progress toward its goals.

CFO

Barry Ritholtz

AUGUST 20, 2024

And the advice that he gave to David Einhorn about it that helped lead Einhorn to start really kicking the benchmark’s butt again for the past couple of years. We built a company that was focused on valuation, initially, actually targeting corporate strategic planning departments.

Concentration