Category: CFO Services

Are Past Due Balances Putting Your Cash Flow at Risk?

Cash is the lifeblood of every business. Maintaining healthy cash flow is key in providing sufficient working capital to fund operations. One potential cash flow trap is accounts receivable. If you have a business that sells to wholesale customers, you typically have to offer them payment terms. Collection from these customers can be a challenge.… Read more »

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 »

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 »

The Annual Budget is Obsolete

I dislike the word budget. It suggests limitations, promotes a scarcity mentality and perhaps worst of all, it is boring. When is the last time you asked someone how things were going at work and they enthusiastically responded with “Fantastic! – I love the budgeting season, can’t wait to get started”? I believe most small… Read more »