Category: Business Best Practices

People-Processes-Systems

In this article, I discuss the origin of the idea that organizations should first invest in people, then development of core processes, and finally systems (technologies) that will support the first two. The Evolution of Popular Thought on this Topic It is unclear who first coined the phrase “People-Processes-Systems” that many companies continue to cite… Read more »

How Employee Vacations Can Benefit Your Business

A vital part of evaluating a company’s internal controls is to verify that employees actually take their vacations. In today’s work environment, some employees may believe that foregoing their vacations proves that they are dedicated and hard-working. It is often considered a badge of honor to take very little, if any, time off.  Even though… Read more »

A Client to Spare

To do a good job as a CFO, I need reliable numbers to start with and financial goals to work towards. So, early into a new client relationship, I work with the owners to develop a monthly financial reporting package.  This helps both of us better understand the business from a financial perspective. As part… Read more »