Engaging an outsourced CFO services firm can result in many potential benefits for a company—especially one that doesn’t have a high degree of financial expertise on staff. This lack of high-level financial sophistication can keep companies from realizing critical goals like improving profitability and increasing shareholder value. A savvy CEO, however, will...
Businesses that lack a high level of financial expertise and sophistication sometimes turn to an outsourced CFO services firm to help them improve financial management. Such providers support CEOs and CFOs by delivering high-level financial capabilities to businesses that need them in order to achieve the key goals of...
With this article, we’re introducing a nine-part series on outsourced CFO services. Over the next several weeks, we’ll be addressing topics like when it makes sense to consider CFO services, the business case for doing so, what to look for in a CFO services firm, and the vast array...
Many CFOs are often asked for financial guidance in personal wealth matters by fellow C-level executives or clients. In support of these requests for information, this article addresses wealth preservation and ways that forward-thinking executives can protect their assets and better prepare for future financial security. In today’s economic climate, there...
There are times in the corporate world when standard auditing methods will not be sufficient. Sometimes, it becomes necessary to look deeper at records and employ full investigatory talents. In such instances, a forensic accountant becomes necessary. Forensic accounting integrates an individual’s standard accounting and auditing experience with investigatory skills to permit...
To maintain any kind of successful business, the accounting system is crucial. All businesses require an accurate, streamlined accounting system to provide them with the up-to-date financial information that drives all their daily decisions. An accounting system is a set of structured accounting devices, procedures and controls made operational with a...
In order to maintain a successful business, it is crucial to have not only an attractive product or services offering, but also be able to recruit and maintain a group of productive, qualified employees. There are many factors involved in reaching these goals, but often overlooked are competitive employee...
In the corporate sphere, there is a great deal of uncertainty and risk. It can be difficult to predict the chances of a project’s success or of reaping profit. It is therefore for such purposes that many companies are turning to financial modeling. A financial model involves the...
In contemporary Western society we are all familiar with the 12-month, 365-day year. This system, known as the Gregorian calendar, was established in 1582 by Pope Gregory XIII to coincide with Earth’s orbit around the Sun. However, while suitable for astronomical purposes, this system is not always best-suited to managing...
Cash flow is the lifeblood of a business. To survive and thrive, a company must apply cash flow management best practices to support generating sufficient cash from its business operations, investments and other sources to meet payroll, purchasing material inputs and supplies, paying for utilities, making required payments on...