The CFO'S Perspective

Developing Appropriate Salary Raise Levels for Your Business

A CFO is responsible for budgeting and accurate cash flow projections. While not necessarily an HR expert, the matter of salaries and raises is an area that a CFO must navigate in collaboration with the company’s HR team. We are sharing our thoughts on this area from a CFO’s perspective.

Topics: Economic Trends HR Budgeting

Business Drivers - Monitor, Measure & Leverage for Future Performance

What senior manager hasn't looked into the future to plan the growth of their business? The forces that drive the market acceptance and commercial success of your organization are going to vary depending on the nature of your products and services.

Whether you're in a traditional industry or a new one, business moves faster than ever today. Every millisecond a new app is download from Apple's online store. Walgreens now offers a walk-in one-minute flu shot, and customers can drop off their Fed Ex packages in the process. Any organization that wants to ensure its future must first figure out how to measure its past performance and then leverage that information to inform current decisions that impact their ongoing success.

Topics: Planning Analysis Financial Projections

Critical Information Financial Assessments Should Deliver to Business Leaders

Most small to medium-sized companies are owned and run by business leaders who are highly skilled in some key aspect of their business - such as technology, sales, or manufacturing - but are less savvy in financial matters. Financial performance measures are essential because they indicate whether a company's strategy, implementation, and execution are contributing to bottom-line results.

Whether it is your company's number one goal or not, the notion of turning a profit is sure to be in your top five short and long-term objectives. The only way to know if you are achieving your financial goals is to regularly assess your business. Are things running smoothly? If not, where are the bottlenecks? What parts of the business are acting as growth catalysts? Many of these questions can be answered by reviewing regular financial reports.

Topics: Analysis Financial Reports

3 Reasons to Consider Alternative Funding

Fully insured health plans not only limit an employer’s ability to manage their healthcare spend by restricting their access to claims and utilization data, they also lack flexibility and innovation.

Partial self-funding is a time tested and proven model for financing healthcare expense that allows employers to implement innovative plan designs and strategies while appropriately managing risk.

Solutions for Issues and Concerns When Conducting a Confidential Search for a CFO

A changing of the guard in a company's top position is a dramatic change for any business, but getting a new CFO is a close second. As with any executive transition, there may be several reasons for the shift. You may be a small company that has just now decided it's time for a CFO, have an executive who is nearing retirement, or has a legitimate issue that prompts the need for a change.

No one likes uncertainty, so it's best to approach a CFO change with as much caution as possible. There are some telling signs that it's time to launch an executive CFO search, as well as advantages and disadvantages to conducting a confidential search for a CFO. Your company may want to consider an interim position, as well as enlisting the help of a financial consultant during this process.

Topics: Recruiting Search Services CFO HR

Resource Planning for Optimized Client Acquisition and Aggressive Business Growth

 

For many owners and executives, some of the most trying times are not when the business is in stagnation, or even decline. The difficult times often surface when a company is growing rapidly.

Aggressive growth phases test every aspect of an organization’s leadership, making growth one of the biggest challenges faced by small-to-medium sized businesses and startups.

On a growth trajectory, leadership is left wondering “How can we get the most out of existing resources?”, “Which new resources will we need to acquire?”, “How do we prioritize our needs?”, “How many new employees will we need to hire to achieve our goals?”, and “How can we get everyone bought into the growth plan?” In short, “What comes next?”

Topics: Planning Growth Resources