October, 2015

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Small Business CFO's: Do You Need One?

Boston Startup CFO

It’s a growing pain that many small businesses have. Company founders and CEOs are rarely equipped to handle financing strategies, budgets and dealing with investors. But bringing on a chief financial officer is not cheap. If your company’s revenue is growing quickly, you have new investors and/or you’ve received venture capital, it could be time. When I started my online marketing company VerticalResponse, I made the colossal mistake of not hiring experienced people because I was so concerned a

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Leveraging EPM in the Life Sciences Industry

Planful

How are cloud-based enterprise performance management (EPM) solutions helping companies in the Life Sciences industry address the challenges they face and take advantage of new market opportunities to drive growth and profits? Challenges in Dynamic Markets. Companies in the Life Sciences industry are facing major challenges. On the positive side, aging populations, chronic/lifestyle diseases, emerging-market expansion, and treatment and technology advances are driving growth in the Life Sciences

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5 Reasons to Move off of Excel for Financial Close and Consolidation

Planful

Here are five ways to know when you’ve outgrown Excel for financial close and consolidation and it’s time for EPM software. 1. Closing in Excel is Too Time-Consuming and Tedious. As the business grows and expands, Excel spreadsheets quickly become too large, cumbersome, complex, and error-prone to close out with confidence. When you begin the process of closing, you start by exporting trial balance data out of the general ledgers or ERP software and collect the data into spreadsheets