The purpose of this page is to address topics relevant to the CFO function. Each month we will examine topics that are relevant to the success of your company. Should one be of particular interest to you, please feel to contact us and we can discuss it in depth.

Continuous Improvement to Take Market Share – August 2014

This topic concerns strategy. A small company cannot count on taking market share from its larger rivals by price cutting alone. Even improving quality alone is not a sustainable strategy. A larger competitor can often easily meet price cuts and has many tools at its disposal to compete solely against quality improvements. An effective means […]

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Managing Cash Flow : The Importance of Working Capital – August 2014

This topic concerns financial management. One of the CFO’s crucial functions is to provide effective cash management for the firm. A major component of cash management is working capital management, which is critical for inventory and receivable heavy companies such as retailers, wholesalers, resellers, distributors, and manufacturers. Quick cash fixes can often be harmful to […]

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Foreign Expansion : Some Considerations – July 2014

This topic involves strategy. Business conditions today make the option for expanding abroad a relevant question for small and medium sized businesses. This option is driven by the need to broaden the customer base, attract talented employees, and to keep emerging competitors in check. Such efforts can result in lower costs for quality inputs and […]

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Internal Controls : A Solid Base for Growth – July 2014

This topic involves internal control. Building and maintaining a strong internal control system is a crucial duty of the CFO function. Among other benefits, an effective internal control system helps to insure the integrity of the financial data used to make managerial decisions as well as presented to funding sources. In addition, effective internal controls […]

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Metrics to Measure and Drive Performance – June 2014

This topic involves strategy. A key element of success in an organization is its human capital.  Many organizations view human capital as equally important to the company’s products and services.  A large number of CFO’s believe sub-par human capital has kept their firms from reaching important financial targets and have hindered innovation.  In turn, these factors […]

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Develop a Risk Management Culture – June 2014

This topic concerns internal control. Managing and measuring risk is a key element in running a successful business.  The CFO plays a key role in the process  Most often identifying, measuring, and managing risk is a top down effort.  In recent years, however, many companies have realized that the business has a very valuable perspective that […]

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A Corporate Governance Framework for Non-Profits – May 2014

This topic is relevant for those in the non-profit sector. Non-profit entities are often totally committed to the cause they serve.  In many cases, this zeal leads them to overlook sound corporate governance principles.  In such cases, the CFO can devote the time and effort necessary to design and implement strong corporate governance policies. To start, the […]

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How the CFO Finds Value – May 2014

This topic concerns valuation. In matters such as the purchase or sale of a business; goodwill; and asset impairment, valuation of the relevant asset(s) is crucial.  It is in these situations that the CFO plays an indispensable role.  Often, particularly as business owners near retirement, the CFO’s role of trusted adviser and confidante becomes even more […]

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Proactive Budgeting to Drive Planning – April 2014

This topic involves budgeting. As finance professionals become more involved in strategic duties, one area where they can be very helpful is budgeting and the use of forecasts (see our February 2014 piece on budgeting).  The increasing speed and complexity of business has reduced the typical process of annual budgets, quarterly forecasting, and monthly reporting to […]

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Integrating Finance to Facilitate Strategy – April 2014

This topic involves strategy. For a long time, finance teams have focused on historical data.  This data typically entailed the firm’s financial performance over time with comparisons to historic and forecasted information.  However, as companies and markets have become more information-savvy and information moves much faster, finance skills have become more important in guiding the firm […]

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