Nerd's Eye View

SEPTEMBER 26, 2023

What's unique about Bridget, though, is how, as a solo advisor, she found herself overwhelmed with the pressures of having to manage different aspects of her business while also providing great service to her clients as she quickly grew to $77M of AUM in 7 years, and has decided to not to "scale" her firm by hiring more advisors but instead leverage (..)

Leverage 83

Leverage Planning Compliance Investments 83

The Charity CFO

MAY 11, 2023

However, managing bookkeeping in-house can be time-consuming and expensive, which is why many nonprofits are turning to outsourced bookkeeping services. In this article we’ll help you get started by exploring the benefits, risks and other considerations regarding outsourced bookkeeping for nonprofits.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

CFO Network

DECEMBER 11, 2023

Key areas where companies engage with fractional service providers include Human Resources, IT, Finance and Accounting, and Marketing. Leveraging fractional service providers for businesses with limited resources, such as startups and small enterprises, becomes especially beneficial.

CFO 52

CFO Startups Finance Accounting 52

CFO Network

NOVEMBER 10, 2021

Doing your bookkeeping in-house can cost a lot more than if you outsource small business accounting. This is just one of the many advantages of outsourcing your books. If you’re wondering whether you should outsource accounting for your small business, keep reading to find out the top advantages. You Might Save On Taxes.

Accounting 81

Accounting Tax Planning CFO Leverage 81

CFO Share

MAY 31, 2023

More and more businesses use accounts payable outsourcing as a solution to this problem. AP service providers employ best practices at scale to save cash and avoid errors. Fraud risk is addressed through two best practices: Implement proper controls, segregation of duties, and process audits.

Accounts Payable 40

Accounts Payable Accounting Auditing Education 40

CFO Share

DECEMBER 16, 2021

You are likely already outsourcing some of your financial needs and not even realizing it. If so, you are already outsourcing financial services. Income tax financial expertise is not a service you need every day, so you do not need a tax accountant as a full-time employee. Does a CPA firm file your taxes? Flexibility.

CFO 52

CFO Auditing Accounting Finance 52

CFO Share

SEPTEMBER 27, 2022

Conversely, a professional agency performs outsourced financial work by serving several clients simultaneously. In-house accountants perform many or all the same tasks as outsourced accountants, including: Routine bookkeeping. Enforcing controls to prevent fraud. Complete control of management and culture.

Accounting 40

Accounting Accounts Payable Invoicing Manufacturing 40

CFO Talks

MARCH 14, 2024

As the CFO embarks on their journey, it is imperative to embrace a multifaceted approach, focusing on maximizing shareholder value, ensuring robust financial controls, mitigating risks, and driving strategic alignment. Construct Reliable Control Systems: Ensuring the integrity of financial systems and controls is crucial.

CFO 40

CFO Performance Measuring Benchmarking Restructuring 40

VCFO

APRIL 27, 2023

Buckley is a highly accomplished CFO, overseeing finance, operations, IT, and HR in areas such as domestic and international manufacturing and distribution, SaaS, retail, healthcare, nonprofit, and service companies worth from $2M to $25B. He served as CFO for H2X LLC and president and CFO for Conch / Druid Oilfield Services.

CFO 52

CFO GAAP Nonprofit Auditing 52

CFO Share

FEBRUARY 15, 2024

As the president of an outsourced CFO services firm, I get this type of request a lot, though it means different things to different people. They sometimes work in the venture capital world, but most clients of our outsourced CFO services didn’t have $20M cash to burn while they waited for that growth to arrive.

CFO 52

CFO Strategic Planning Profit and Loss Numbers 52

CFO Share

AUGUST 8, 2023

This is where an outsourced CFO (aka fractional CFO) steps in, keeping your expedition moving toward the summit without delay. What are the Duties of an Outsourced CFO? Additionally, outsourced CFO services provide specialized financial insights based on their broad exposure to different industries and businesses.

CFO 40

CFO Compliance Communication Construction 40

CFO Share

DECEMBER 14, 2022

Accounts payable is short-term obligations (aka bills) due to vendors for services or goods received. A good AP process maintains control over cash outflows without excessive expense or staffing. . By comparison, an outsourced AP service like CFOshare costs $7.50/bill How do outsourced AP services work?

Accounts Payable 52

Accounts Payable Accounting Education Invoicing 52

Beacon CFO Plus

JUNE 29, 2023

The concept of a fractional CFO may seem unusual to you and you’re seeking more information about what to expect if you take a step toward outsourcing your CFO needs. With your approval, they will implement effective controls for your business and make your operations more efficient. If things change over time, we can adjust.

CFO 52

CFO Budgeting Forecasting Leverage 52

The Charity CFO

OCTOBER 4, 2022

In many cases today, thanks to the increasing popularity of outsourcing some critical services, they may be managing both internal and external teams. Generally, they’ll oversee the accounting team or work as a liaison with an outsourced accounting firm. But we’ll get into that in more depth a bit later.

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98

CFO Strategic Partners

JANUARY 18, 2023

We offer a scalable, flexible solution, so our clients only pay for the services they need. Do you think your business or your clients can benefit from our team of experienced, on-demand outsourced CFOs? Email Meghan Dalton at mdalton@cfosp.com or fill out the request for information form here.

CFO 52

CFO Auditing Nonprofit Reconciliations 52

Nerd's Eye View

APRIL 2, 2024

What's unique about Hans, though, is how through a desire to create a more centralized dashboard to help his clients understand their financial health, coupled with a deep fascination with technology and its potential as a behavioral finance tool, led him to create Intelligrations, a form of financial dashboard software that dynamically consolidates (..)

Prioritization 60

Prioritization Investments Technology Finance 60

CFO Share

JULY 19, 2023

Small businesses can conquer these AP problems by implementing a digital transformation, managing labor costs, and implementing fraud controls. Learn how your organization can use AP automation trends and productivity changes to take you from chaos to order, expensive to productive, and risky to controlled. Leave AP to professionals.

Accounts Payable 52

Accounts Payable Accounting Auditing Education 52

CFO Share

NOVEMBER 3, 2023

In this article, we break down the indicators and advantages of hiring bookkeeping services tailored to specific business needs. If you fit into one of these four profiles, your business is ready for a part-time or outsource bookkeeper. Recognizing the signs of needing a part-time bookkeeping service is crucial for business success.

Invoicing 52

Invoicing Accounts Payable Compliance Financial Analysis 52

CFO Share

MAY 24, 2023

Outsource non-core activities Save money by outsourcing to specialists with economies of scale so you can focus on your core competencies and strategic initiatives. Outsourcing also provides businesses with access to specialized expertise and technology that may be too costly to develop in-house. Hire a CFO services team today!

Budgeting 40

Budgeting CFO Advertising Investments 40

Michigan CFO

JUNE 14, 2022

It’s common to see people use the terms comptroller vs. controller interchangeably when referring to someone who runs a business’s financial operations. Comptrollers are ranked higher than controllers because they carry out more responsibilities. What is a Controller? Developing internal financial control.

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

Future CFO

FEBRUARY 5, 2024

This will also include assessing current utilisation of systems and outsourced services and then using that information in next contract negotiations. Further, there is a greater use of consumption and policy management techniques to improve control over costs on a go-forward basis.

Budgeting 52

Budgeting Forecasting Planning Technology 52

Future CFO

FEBRUARY 9, 2023

While the firm acknowledges that the need for finance talent will remain high, it expects demand for operational profiles to grow less, due to automation and outsourcing of certain activities. As such, financial control becomes an integral part of the internal value chain,” she added.

Finance 96

Finance Leadership Communication Strategic Planning 96

PYMNTS

MARCH 30, 2020

.” As a result, some organizations are taking into consideration the value of targeted phone outreach, with outsourced service providers providing an enticing option to help sales teams connect with viable potential customers most likely to lead to a sale. Preserving The Buyer Relationship.

B2B 68

B2B Budgeting Sales Marketing 68

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. They differ in terms of assumed risk and FIs’ control over their card programs.

Mergers and Acquisitions (M&A) 56

Mergers and Acquisitions (M&A) Compliance Construction Credit Risk 56

Future CFO

JANUARY 17, 2024

Digital technologies, as an example, can transform how finance works, with accounting knowledge to be integrated into artificial intelligence (AI), and controls and compliance monitoring to be automated. Alerts can be triggered when risk metrics trend toward unacceptable tolerance levels.

Finance 52

Finance Compliance Technology Accounting 52

Future CFO

FEBRUARY 15, 2022

Finance and accounting outsourcing (FAO) buyers are increasingly open to third-party support for complex, judgment-intensive processes, and digital solutions; providers are further differentiating themselves with talent strategies, governance models and ESG initiatives. Developing more flexible global services delivery and location models.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Healthcare Leverage Finance 52

VCFO

APRIL 23, 2023

Jonathon Rapacki is a finance executive with a track record of success across diverse industries, including oil and gas, mining, financial services, private equity, venture capital, and retail. Most recently, he served as interim CFO for Food Service Holdings / BSI and then for Load to Ride Transportation / One-Stop Freightways in Denver.

CFO 52

CFO Auditing Transportation Strategic Planning 52

The Finance Weekly

MAY 14, 2024

Understanding Inventory Management Inventory management covers all the practices and systems that control how a business's products flow - from ordering to receiving, storing, tracking, and handling the finances of all the items a company sells. Having a good handle on your inventory is crucial for any business selling products.

Forecasting 52

Forecasting Profit and Loss Prioritization Auditing 52

Michigan CFO

JULY 8, 2022

CFO services are vital to any business’s growth. Many of these services a business owner tries to handle themselves or tries to lean on whatever financial officers are closest to hand. But a bookkeeper, accountant, or controller is not a CFO. This guide will explain everything you need to know about CFO services.

CFO 40

CFO Forecasting Accounting Planning 40

E78 Partners

DECEMBER 1, 2023

The Rise of the ‘Non-Control’ PE Fund The traditional private equity model is one in which the fund takes a control ownership position in the firm. In many of these non-control investments, one private equity fund leads a deal, and the remainder of the round is filled out by smaller checks (often from even smaller funds).

Leverage 45

Leverage CFO Investments Planning 45

Focus CFO

DECEMBER 6, 2021

Let’s examine how an outsourced, fractional CFO can improve FP&A: Improving Data. An outsourced fractional CFO can take a more objective approach to FP&A to keep the organization informed and prepared for the challenges that lay ahead because they do not have to act in their own best interests. Planning for the Unexpected.

Financial Planning and Analysis (FP&A) 92

Financial Planning and Analysis (FP&A) Strategic Planning CFO Communication 92

Future CFO

OCTOBER 27, 2021

Outsource processes to third-party partners that deliver economies of scale, efficiently process data and tap digital talent. To support hybrid environments and unlock the benefits of virtualisation, companies will need to digitalise functions such as customer service, supply chain management, finance, human resources and payment processing.

CFO 52

CFO Compliance Concentration Auditing 52

CFO Simplified

DECEMBER 26, 2021

From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. In this size company, your finance team should include a bookkeeper, with an outsourced CPA, and payroll. What is a Large Company?

Finance 52

Finance General Ledger CFO Auditing 52

Nerd's Eye View

DECEMBER 19, 2023

We also talk about how Ted initially built his own advisory firm with what he calls a "manufactured celebrity" approach by immersing himself in media appearances that made him a go-to local advisor in the Atlanta area, how the success of Ted's marketing approach ironically led to severe burnout (because Ted enjoyed marketing to clients far more than (..)

Marketing 69

Marketing Manufacturing Planning Sales 69

VCFO

MARCH 31, 2022

Engaging a virtual or fractional CFO as an outsourced resource is an excellent step for companies that need senior-level finance expertise but cannot afford to recruit or engage a full-time CFO. This may come in the form of introductions to other service providers, access to funding sources, knowledge of industry trade groups, and more.

CFO 52

CFO Communication Auditing Budgeting 52

CFO Share

MARCH 13, 2023

We will explore the interpretation of these ratios regarding a company’s financial health and the best practices AP service organizations use to improve AP ratios. Accounts payable is a liability representing the amount a company owes to its suppliers for goods or services received on credit. Streamline the billing process.

Accounts Payable 40

Accounts Payable Accounting Prioritization Healthcare 40

VCFO

MAY 14, 2022

He is particularly skilled in implementing effective cost control strategies, improving business operations and bottom-line profitability, using his strong analytical skills to support accurate corporate decision making, and managing diverse organizational teams to improve revenues while retaining top talent. About vcfo.

CFO 52

CFO Treasury Leadership Cash Management 52