Most finance leaders can recite their cost of goods sold down to the basis point. They know supplier terms, volume discounts, and margin impacts like the back of their hand. But ask about spend on waste management, cleaning, or software subscriptions, and the answer gets vague.
This isn’t an oversight. It’s structural. And it’s costing companies millions annually.
The Cash Velocity Calculator estimates how long it takes on average to convert a dollar paid for inventory into a dollar received on sales. Using some basic figures from your financial statements you’ll have a transparent view of where your working capital is invested and how improvements in terms or operations will impact cash. Use this tool to teach your executive team and staff about working capital and cash management.
Sound business systems precede innovation.
Before innovation can be a catalyst to business growth a culture of strong business practices must exist.
Innovation, the process by which an idea or invention is translated into a good or service, is a critical component of growth in many businesses. Innovation relies on creativity, exploration and freedom. Frequently these characteristics are regarded as the opposite of discipline, control and structured process. However, without strong business practices that recognize and nurture advancement in good business systems, innovative practices are unlikely to make it to commercialization.
One of the most critical decisions executive teams make is how to allocate resources. This includes both tangible (physical and financial) and intangible (human and intellectual) resources. In this article we’ll focus on developing the inputs, processes and a tool to help your leadership team in the following ways:
This edition highlights how major global players are reshaping the AI and enterprise landscape. Deloitte is extending Anthropic’s Claude AI assistant to 470,000 employees worldwide, reinforcing its AI-enabled consulting capabilities while navigating accountability challenges after an AI-related reporting error. Perplexity AI is democratizing access to its Comet browser by removing subscription fees, positioning itself as a serious competitor in AI-powered browsing and productivity tools.
