Fri.Apr 15, 2022

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Integrated WMS Leads to a Better Short Game in Inventory Optimization

Navigator SAP

In golf, the difference between a birdie and a bogey often comes down to the effectiveness of your short game. You might have Tiger Woods-grade driving skills, but it won’t matter without an efficient short game.

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Logistics Can Beat Product (Even Santa Needs Help Sometimes)

CFO Simplified

There are many elements involved in developing and manufacturing products for a customer. In fact, most of a company’s concentrated efforts go to the creation of what they’re going to sell, and with good reason. Because that IS the only purpose of any company – product development, so they have something to sell. But creating a great product is only half of the story.

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When is the Right Time to Exit?

Focus CFO

When is the Right Time to Exit? By Darren Cherry, CEPA. You run a successful business and confidently face the daily challenges of ownership. That is your ZONE OF GENIUS. As you begin to consider exiting your business, it is a bit outside of your comfort zone on many levels. For many owners, when to exit is often the first question. While several factors go into the timing decision, few carry the significance of financial security.

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Dealing with Obsolete Inventory

CFO Simplified

For manufacturers, retailers, or wholesale distributors, inventory is likely the largest item on their balance sheet. A particular problem that often rears its ugly head is the issue of obsolete inventory. So, the question becomes: how do you decide when to just let it go? Bringing Value Through CFO Insights. Companies are very careful about what they pay for their inventory—as they should be.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Why Do Nonprofit Accountants Quit?

The Charity CFO

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. And finding new, qualified help that they can afford is nearly impossible…. At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. And they’re tired of the hamster wheel of hiring, re-hiring, training, and re-training bookkeepers and accountants.

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Book Review: Damsel in Distressed

CFA Institute

Dominique Mielle provides an authentic, firsthand account of a long, rising, uninterrupted career at a single firm during the heyday of the hedge fund industry.

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Ill-Defined Statement of Work

CFO Simplified

Any business doing custom work needs to carefully define the terms and expectations of the delivered product. Having open-ended, or ill-defined terms for a project can lead to many issues—none of them good. Primary among them is the challenge between cost, pricing, and customer satisfaction. In the struggle to keep the customer happy, the amount of work increases, costs rise, and frustration sets in—often on both sides.

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Keep Proprietary Processes Secret

CFO Simplified

Companies create products or develop services to deliver to their clients. Many find a unique approach that gives them an advantage over their competition. Some of these ideas can be patented, but many cannot because they’re either an operational approach, or a unique blending of services. In either case, your unique advantage still needs to be protected.

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Data Drives Decision-Making

CFO Simplified

Every business owner looks for the information that they need to make the right decisions. Sometimes the information is not available, sometimes they don’t understand what data is needed to move the company forward. So often, information is just outside their reach, both practically and mentally. As a result, decisions are either not made, or made in a vacuum.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Identifying the Real Cost of Production

CFO Simplified

Knowing the actual cost of production is critical to setting accurate pricing and therefore profitability for any manufacturing company. How are your costs being confirmed and posted? Bring Value through CFO Insights. Setting the proper pricing for any product is the result of understanding the market, your competition, and your cost of goods sold (COGS).

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Every Man for Himself

CFO Simplified

Just as companies have multiple products to provide diversification to their revenue stream, some parent organizations have multiple companies that sell products that are counter cyclic to assure that if one business has a difficult year or season, others may have a better year, and be able to support the corporation overall. The decision as to whether to stay “in the family” or spread in other directions is a philosophical one.

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Family Business Case Study

CFO Simplified

A family business can be a great source of pride for everyone involved. However, working with loved ones can present its own challenges. So, whether you’re a small- or medium-sized business, maintaining a strong cash flow and ensuring the business’ profitability can go a long way when legacy and transition issues arise. Bringing Value through CFO Insights.

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Customer Concentration

CFO Simplified

There’s always comfort in working with people you know. But if those people hold the key to 75% of your sales, you may be at risk of having too many of your eggs in one basket. Even though it’s easier to expand your sales with an existing client, it also may create additional risks that you might not be willing (or financially able) to take. Bring Value through CFO Insights.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.