This is the second in a 5-part series of blog posts that will help you identify if your company needs a Finance Transformation. The time it takes to turn around a Financial Forecast could be the difference between life and death for some Companies. The need for rapid scenario iteration can support executive decision-making regarding…
How many FTEs it takes to keep the Finance Function wheel turning varies.
This is the fourth in a 5-part series of blog posts that will help you identify if your company needs a Finance Transformation. The acceleration of the monthly Financial Close is one of the most common frustrations from Controllers and CFOs. When fewer days are devoted to the Financial Close, key reports can be distributed…
The length of time it takes from the kick-off to the budgeting process to final approval reflects the efficiency of the Budget process and, as we all know, time is money.
Company should strive to have Finance Function expenses grow at a slower rate than revenue
5 Financial Indicators That Your Company May Need a Finance Transformation
The identification of KPI’s begins with defining the organization’s strategy. One of the most effective frameworks used in strategic planning is called Objective and Key Results (OKR).
I recently came across a LinkedIn post titled “Excel is Dead”. The post was by Lance Rubin a great financial modeler and one of many great finance professionals I follow on LinkedIn. If you are interested, you can click on the link to read his article Excel is Dead. In addition to the article a…
Hiding within gross profit lurks a quiet antagonist. An enemy that many may be secretly unaware of and could potentially be killing their business. That enemy is embedded fixed costs within the Cost of Goods Sold (COGS) line item of the income statement. COGS, frequently also called Cost of Sales, is an important component of…