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.

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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Streamlined Financial Reports : Let Managers Act! – March 2014

The following addresses an important topic in Financial Reporting.  Quite possibly, the most important purpose of the financial reporting function is to provide accurate, timely information to managers and owners.  These parties use this information to make plans regarding the company’s strategic competitive position, related tactics, and assess its financial condition, including capital needs. Due to the […]

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Add Certainty to Your Decision Making – March 2014

This topic of interest involves financial management.  One of the most important corporate decisions to involve a CFO is capital allocation.  This decision entails how a company invests its resources which, in turn, determines the value that accrues to the owners of the company.  While, in the end, the CEO is responsible for capital allocation decisions, […]

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Fully Utilize Your CFO – March 2014

This topic of interest concerns strategy and how financial professionals can help contribute to this marketing driven function. Any successful  CEO will tell you that one of the most important elements of a firm’s strategic thrust is the ability to innovate – consistently generate valuable products that separate top performers from the rest of the pack.   Traditionally, […]

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Use E-Payment to Mitigate Fraud – March 2014

The following addresses an topic regarding internal controls. Any company, large or small, needs robust internal controls to prevent, detect, and respond to fraud.  While progress on fraud prevention and detection is evident on some fronts, many organizations need to improve their procedures to protect themselves against damage from fraud. One of the most common fraud mitigation […]

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Rolling Forecasts: Rapidly Adjust to Market Realities – February 2014

The following addresses important concepts in Budgeting.  Traditional Budgeting arose as a means for companies to limit costs.  In today’s volatile business climate, many argue that it is a less useful tool.  Accordingly, some companies are moving towards a planning model that incorporates a rolling forecast rather than a static annual budget that is updated yearly in […]

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How to Measure Your Company’s Liquidity – February 2014

The following addresses an important topic in Financial Management.  Liquidity reflects the degree to which an asset or liability is convertible to cash.  A good assessment of a company’s liquidity is important because liquidity is used to determine a company’s financial health.  Creditors use it in loan covenants to require that borrowers  maintain an acceptable of […]

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