CFO Simplified

FEBRUARY 13, 2022

Strategically plan for the company’s future . Additionally, a CFO’s ability to forecast a company’s financials based on past numbers and projections is arguably the most important piece of the puzzle. Your CFO plays a large role in preparing your business for a sale. Evaluate the company’s past financial performance.

CFO 52

CFO Strategic Planning Communication Forecasting 52

CFO Simplified

JUNE 1, 2023

Some look at them in detail, and others look at a couple of distinct numbers. Sure, you’re using those numbers for basic things like filing your tax returns, and it’s important to make sure that you pay the government the right amount of money. Are your numbers trending up or down? What IS your plan for profitability?

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Strategic Planning CFO 52

CFO Simplified

APRIL 3, 2022

The difficulty was that they faced a number of problems. Larry Chester, President of CFO Simplified, has watched large companies successfully plant star performers for one year in operations, then a year in sales, then in finance, human resources, and then in legal. Solid sales. A Father-Son Case Study.

CFO 98

CFO Planning Strategic Planning Leadership 98

Centage

OCTOBER 23, 2023

Sales teams have projected their volumes. What are the plans for the organization? This may seem like more of a strategic planning question than a budgeting process one, but the two are intertwined. At the same time, they will want to know that you’ve considered what it will take, financially, to accomplish those plans.

Budgeting 52

Budgeting Strategic Planning Forecasting Planning 52

Centage

AUGUST 15, 2022

Managers can then run scenarios with the drivers to improve long-term strategic planning. By incorporating a driver-based approach, you empower your financial leaders to focus on the data that matters while ensuring the numbers you have are accurate.

Budgeting 105

Budgeting Planning Forecasting GAAP 105

The Finance Weekly

JANUARY 8, 2024

However, startups can succeed with careful planning. This means understanding your cash burn rate in relation to revenue growth and the number of employees. Budgeting, on the other hand, is the strategic planning of a company's finances in crucial areas. While things are getting a bit better, there's still uncertainty.

Forecasting 52

Forecasting Budgeting Startups Strategic Planning 52

PYMNTS

DECEMBER 2, 2020

Retailers are now largely dependent on online sales and home delivery. Knowing the unique constraints the industry is facing this peak season, we worked with our carriers early on to collectively build a strategic plan of execution.”. FedEx dealt with the demand by limiting the number of packages any single outlet could ship.

Retail 80

Retail Strategic Planning eCommerce Sales 80

The Finance Weekly

NOVEMBER 27, 2023

They are widely used in , strategic planning and reporting to guide investment decisions. Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales. Calculation: Net credit sales ÷ average accounts receivable = Accounts Receivable Turnover Ratio 5.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

CFO Simplified

MAY 15, 2022

Strategic planning. A business owner growing microgreens for local restaurants was proud of how he had grown his business and was planning on making an investment in additional equipment to grow more microgreens. His sales sat at $135,000 a year. . Business analytics. The Microgreens Case Study. The Blacksmith Case Study.

CFO 97

CFO Strategic Planning Business Analytics Manufacturing 97

Jedox Finance

JANUARY 12, 2022

To do this, you need a comprehensive overview of the amount and number of incoming and outgoing payments and due dates. A solid financial plan allows for transparency about the company’s performance and ensure accuracy for future planning. Types of corporate financial planning. Capital requirements planning.

Planning 138

Planning Profit and Loss Strategic Planning Sales 138

VCFO

SEPTEMBER 21, 2023

Whether the plan is a near term sale or a sale transaction in the distant future, proactively identifying and adopting the right strategies and activating the optimal value creation levers will result in the maximization of value and the accomplishment of owner overall financial objectives. .”

Valuation 87

Valuation Marketing Benchmarking CFO 87

Fpanda Club

APRIL 18, 2022

To become better business partners FP&A practitioners should be creative, but it is not an easy task with a financial mindset traditionally focused on numbers, correct calculations and cause-and-effect relationship. What kind of analysis can FP&A team proactively offer to meet these needs and support the commercial team?

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Marketing Finance Forecasting 130

Spreadym

NOVEMBER 8, 2023

This can lead to more effective strategic planning. Reduced Budget "Gaming": Collaborative budgeting can help reduce the practice of "gaming" the budget, where managers manipulate numbers to meet targets. When employees have a say in financial decisions that affect their work, they often feel more connected to the organization.

Budgeting 59

Budgeting Communication Strategic Planning Analyzing Data 59

VCFO

MARCH 17, 2023

How much is being charged to cost of sales? What is the percentage of the cost of sales to revenue? direct labor and absorption rate – fixed, variable, and semi-variable overhead expenses), and All costs associated with preparing goods for sale (e.g., How much inventory is being carried on the balance sheet?

Manufacturing 73

Manufacturing Benchmarking Forecasting Profit and Loss 73

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 (..)

Marketing 82

Marketing Benchmarking Analyzing Data Strategic Planning 82

The Finance Weekly

DECEMBER 20, 2023

Importance of Workforce Planning Tools Workforce planning involves analyzing and predicting the number of employees you need to achieve your business goals in the short and long term. Support for Related Processes - The ability to assist in processes like Incentive Compensation Management, Sales, and Performance Management.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

The Finance Weekly

DECEMBER 20, 2023

Importance of Workforce Planning Tools Workforce planning involves analyzing and predicting the number of employees you need to achieve your business goals in the short and long term. Support for Related Processes - The ability to assist in processes like Incentive Compensation Management, Sales, and Performance Management.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

The Finance Weekly

MARCH 25, 2024

Safra Ada Catz Safra Ada Catz, the business leader overseeing ,, Oracle Corporation , a major tech company, handles key aspects like sales, marketing, finance, and legal matters. He held the position of Chief Financial Officer (CFO) at CBS Corporation, a major media player, for a good number of years. Ianniello Joseph R.

CFO 97

CFO Finance Forecasting GAAP 97

Jedox Finance

JANUARY 23, 2020

With that approach, department managers such as sales, HR, and operations had to create their own subset or personal interpretation of the financial plan. It is an organizational platform to manage and dynamically align strategic planning and goals with people and processes.

Financial Planning and Analysis (FP&A) 88

Financial Planning and Analysis (FP&A) Budgeting Data Analysis Forecasting 88

Centage

NOVEMBER 14, 2023

Change is a constant in the world of business operations planning. Sales teams meet frequently and keep a close eye on a prospect’s position in the funnel. Reforecasting is a critical component of keeping your company’s plans in line with its financial position, and enabling your organization to accurately track its goals.

Budgeting 52

Budgeting Forecasting Strategic Planning Leadership 52

CFO Simplified

NOVEMBER 6, 2023

You might start with one single item, but knowing where you might be two or five years from now will be helpful in developing your strategic plan. Register with the IRS — get an EIN — an Employer Identification Number You get an EIN from the IRS, after answering a few questions on the IRS’ website. Plan it month by month.

General Ledger 52

General Ledger Strategic Planning CFO Accounting 52

The Charity CFO

MARCH 22, 2024

After choosing KPIs and their benchmarks, you can start incorporating data insights into strategic planning. You can use data to help track the outcomes of your programs, such as participant numbers or revenue. Using data insights from the ads, you can determine which was more effective for increasing ticket sales or donations.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

The Finance Weekly

JULY 10, 2022

Use these techniques to uncover insights and patterns so you may be the one to deliver an actionable data point that leads to the upcoming big-ticket item in your strategic plan. #1 It can be tough to make sense of it all at times, so here's one example: A company has collected data from its marketing and sales departments.

Data Analysis 52

Data Analysis Analyzing Data Strategic Planning Sales 52

VCFO

NOVEMBER 17, 2022

Now, let’s look at how we can use this number for evaluative purposes: The CFO reworks the company’s debt stack, which will drive an additional $240K per year for each of the next three years to the bottom line as a result of interest saved. Compare that to your sales team or other cost savers. Dividing that amount by the $0.07

CFO 74

CFO Sales Finance Numbers 74

The Finance Weekly

OCTOBER 8, 2023

Market Segment: 67% Mid-Market 24% Small-Business Jirav , Jirav is a user-friendly financial planning and analysis software designed for businesses of various sizes. It uses advanced technology to analyze real-time data and predict future results, allowing for confident planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Financial Modeling Forecasting 52

VCFO

OCTOBER 19, 2023

When Growth Outpaces Cash – How Capital Structure Corrects It A new vcfo client recently concluded their highest sales quarter ever but wondered why they were struggling to pay vendors. Raising funds through the sale of equity is another avenue for funding. Clearly, they were growing. What interest rates are attainable?

CFO 91

CFO Finance Planning Securities 91

PYMNTS

APRIL 26, 2018

As it seeks to optimize its store portfolio, GNC is planning on closing approximately 200 stores in 2018. And the retailer said a very limited number of stores will open this year, Retail Dive reported. As far as sales are concerned, GNC is seeing revenue growth overseas even as revenues within the U.S. and Canada.

Planning 40

Planning Strategic Planning Sales Retail 40

Planful

DECEMBER 9, 2021

Pushing forward requires CFOs to get involved in the business and convey the importance of the numbers to provide more strategic guidance to the business. Get out into the offices and operations, shadow teams as they work, and attend a prospect meeting with a sales rep. Tell a story with the data.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Leadership Strategic Planning 40

CFO Talks

OCTOBER 10, 2022

Also, his aptitude for numbers and how he’d crunch numbers and make decisions based on the analysis that he’d do. The different accounting firms will not be able to cater for the number of SMEs that we’ve got. There are a number of truckers that are onboard already, big and small companies running trucking businesses.

CFO 52

CFO Transportation Education Accounting 52

CFO Simplified

APRIL 15, 2022

Plus, delivering on time can sometimes become a critical aspect of the sale. Sales – Charitable institution. Not only was a massive number of staff needed to open and categorize each request, but tracking the delivery addresses was a continuing nightmare. Business – Seasonal gift manufacturing. Location – North Pole.

Manufacturing 52

Manufacturing Concentration CFO Strategic Planning 52

VCFO

NOVEMBER 7, 2023

Operationally experienced professionals are well-versed in navigating company-specific matters that often hide behind raw numbers on paper. It can work the other way too when operational experience recognizes something not obvious in the numbers. The ideal window tends to be within six months before a sale.

Valuation 86

Valuation Auditing Concentration CFO 86

CFO Simplified

JUNE 26, 2022

The reason this number is used is that it’s a quick calculation of free cash flow; in other words, cash that’s being generated by the business. In most cases, businesses are sold for a multiple of EBITDA, which stands for “earnings before interest, taxes, depreciation, and amortization.”. Why is EBITDA Used?

CFO 97

CFO Strategic Planning Sales Numbers 97

BlueLight

JULY 30, 2020

Pre Series B, it’s a part-time role to simply track past financial numbers. Post Series B, it becomes a full-time job to support strategic planning. It is critical to get the repetitive tasks correct because those deliverables feed into financial planning and strategic planning. Strategic planning ?—?Many

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Centage

OCTOBER 11, 2022

Knowing what roles you’ll need to maintain the profitable parts of your business, what your organization’s strategic plans are, and what your workforce will look like – how many people are retiring? Your finance team can use this data to monitor performance, predict future performance, and plan their personnel needs accordingly.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Budgeting Forecasting 98

Planful

AUGUST 22, 2017

For example, driver-based planning can be useful in the long-range strategic planning process, where Finance executives need to project long-term trends for revenues and costs. Number of customers/subscribers. Number of orders or shipments. Sales volumes in units. Sales volumes in units. Market share.

Planning 40

Planning Budgeting Forecasting Strategic Planning 40

CFO Simplified

DECEMBER 12, 2021

The CFO’s time is primarily spent with analytics, diving into the “whys” of the numbers, the direction of the company’s performance, the factors that bring improvement, and what that improvement could look like. You can’t improve a company by moving numbers around on the income statement or balance sheet. Everyone already knows that.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

CFO Simplified

FEBRUARY 6, 2022

What will your level of involvement be after the sale? . Alongside financial goals, there is often a personal side to succession planning. Your exit plan largely depends on your business goals (financial and personal). When you begin planning to exit your business, it is important to start with these goals in mind.

Planning 52

Planning CFO Leadership Communication 52