The Importance of Training and Mentoring Your Financial Officers

Are your AFT departments ready to move your company to the next level?

Your Accounting, Finance and Treasury (AFT) departments play an important role that enables your company to move to the next level. The Senior Financial Officer is the cornerstone of that group. New Senior Financial Officers can be blindsided by critical business events they have never faced before. If they and their staff are not prepared to tackle these challenges, your company may stagnate, or possibly, fail. Even seasoned CFOs who have been with the same company or in the same industry for years may have blind spots that limit the company’s growth and profitability. Training and mentoring will help fill any critical gaps.

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The Building Blocks of a Sound Budget Start at the Top

A successful budget is built on accurate data, but few numbers are so important—and so difficult to get right—as projected revenue. Growing revenue powers income growth which is what fuels future business expansion.

Complicating things further, “revenue” is a word that represents many moving parts. How do you keep track of them all? How do you make your projection as accurate as it can be?

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Process Mapping - A Great Technique to Streamline Admin Operations

Businesses often get tied up in hidden red tape. Staff members develop habits and create processes that over time cause delays and increase costs. Sometimes these unnecessary steps are an unforeseen result of company policy. They may be a holdover from a previous ownership. They could be the result of an imperfect amalgamation of companies, where managers adhere to old procedures while imposing the new. All these process kinks accumulate over time, creating inefficiencies that add nothing to customer value.

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How to Make Your Business Attractive to a Buyer

Are you ready to sell?

Business owners must have their affairs in order to attract a potential buyer. The combination of our recent economic recovery and the long-term investor portfolio shift to business acquisitions puts the owners of well run businesses in a good position to earn a premium over previous historical trends for selling businesses.

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