In today’s economy, CFOs face a wide array of regulations that monitor everything from financial activities to clean air and water policy. The debate over the necessity of such regulations has gone on for many years (and certainly will continue into the future), with opponents claiming that excessive regulation hinders...
Capital expenditures are integral to the operations of most manufacturing companies, which must regularly upgrade physical assets or acquire new ones in order to remain competitive. These assets may include machinery and equipment, plant and property, and industrial buildings and warehouses. Investments like these, of course, can be expensive, which makes...
“If you can measure it, you can manage it.” This is especially true when it comes to business finances. One of the best ways to measure the financial performance of your business is to calculate and monitor several key financial ratios. These are comparisons of financial metrics—like current assets and...
When the recession first hit more than four years ago, the first reaction of many CEOs and CFOs was to cut costs to help keep their businesses afloat. In the process, many companies streamlined their operations, tightened their procedures and learned how to do more with less, thus creating...
Throughout this series of articles, we have described how companies can benefit from engaging an outsourced CFO services firm to help them accomplish a wide range of financial tasks. We conclude the series with a look at three companies where CFO Edge chief financial officers were able to engage...
“Begin with the end in mind.” This time-tested advice holds true in most areas of business, and of life in general. It’s especially good advice for any CEO who is considering engaging an outsourced CFO services provider. Before entering into such an engagement, you should think carefully about the outcomes you hope...
Before engaging the services of a consultant, most business owners and CEOs will want to learn as much as they can about the particulars of the client-consultant working relationship. This is especially important when engaging an outsourced CFO services provider, given how closely the CFO will be working with...
Engaging a CFO services firm is a big step for any company. It requires a serious commitment of resources, from both a financial and time perspective, so it’s not a step that a CEO should take lightly. As they weigh the costs and benefits of hiring a CFO services firm,...
As we discussed in an earlier article in this series, one of the first things a business owner or CEO should do before engaging a CFO services firm is establish a clear business case for doing so. The next step is to identify the areas of the business...
As we have been discussing in this series of articles, businesses that lack a high degree of financial sophistication can often improve financial management by engaging an outsourced CFO services firm. The potential benefits of bringing in a CFO services provider are many, including improved profitability, increased shareholder value, and...