Strategic planning and performance measurement are two of the most critical elements of business success. However, these approaches can’t fulfill their potential unless they’re grounded in actionable performance measurement initiatives.
Peter Drucker said it best: “You can only manage what you can measure.” This time-honored axiom...
Most business owners seek to boost revenue, improve profitability and increase shareholder value. However, a lack of high-level financial expertise by the CEO can keep them from achieving these goals, and using the services of an outsourced CFO services provider may be the solution.
This...
While it might sound counterintuitive, there are certain situations where it’s beneficial for a Chief Financial Officer to hire a CFO services provider to come in and perform work on an outsourced basis. One of these may occur when a public company acquires another business...
In a recent article, we discussed the importance of gauging the return on investment companies are making in artificial intelligence. AI has become all the rage the past couple of years, but a very small percentage of CFOs have seen a clear, measurable impact from...
Corporations are investing heavily in artificial intelligence, with worldwide spending projected to top $2.5 trillion this year, according to Gartner, Inc. However, the question still remains: What value exactly are businesses receiving in return for their investments? That is, what is the ROI on AI?
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“It takes money to make money,” the old saying goes. For small and mid-sized businesses, making more money usually requires growth — and growth requires business capital. To obtain the capital needed to finance business growth, owners typically make a financing presentation to lenders or...
Geopolitical uncertainty has become a defining feature of the global business environment in the 21st century. Events such as the Russia-Ukraine war, escalating tensions between the U.S. and China, tariff uncertainty and instability in the Middle East have revealed how quickly supply chain disruptions can...
Many people make New Year’s resolutions at this time of year, such as to lose weight, exercise more or take up a new hobby. However, this is also a good time to make some New Year’s business resolutions. Here are six business New Year’s resolutions...
After hitting its post-pandemic peak of over 9% in 2022, the annual inflation rate has settled in at about 3%. While this is certainly better than 9%, it’s still higher than the Federal Reserve’s long-term inflation target of 2.0%. An inflationary environment tends to hit...
It has been called “the crime of the 21st century” and even identified as a top national security threat. I’m talking, of course, about cybercrime. According to the FBI’s Internet Crime Complaint Center’s (IC3) 2024 Internet Crime Report, cybercrime losses exceeded $16 billion in 2024,...