CFOs: How to Make Logistics A Strategic Advantage

Small to midsize businesses can often find themselves in a tough spot when it comes to the freight market. Low volume often means less purchasing power, meaning these businesses are often left to the discretion (and rates) of the carriers and brokers they negotiate with. As a result, these businesses can often find themselves losing out on business or even losing customers to their larger competitors simply due to the higher freight costs. Additionally, the lack of purchasing power means a lower margin on the products they are able to sell due to the higher receiving costs from suppliers.

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3 driver-based budgeting tips for CFOs

The life of a finance team during budget season is arduous and often frustrating. CFOs tasked with budget presentations often find themselves explaining numbers and assumptions that are far out of date by the time they stand before key stakeholders. Outdated, static budgeting processes simply cannot keep up with today’s lightning-fast economic environment.

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