The CFO'S Perspective

CFO Selections Team

Recent Posts by CFO Selections Team:

Spotlight on Preventing Waste: Leanpath – Pioneering Food Waste Reduction Technology

Editor’s Note: We are fortunate to have many exceptional clients. From time to time, we include “Company Spotlight” posts in our blog to express our gratitude and appreciation for the awesome work they do and the accomplishments they achieve. Enjoy!

Leanpath understands that what gets measured gets managed, and what gets managed gets improved.

Traditionally, food waste in high-production kitchens was “invisible.” It would be thrown away throughout the day with no one aware of its accumulated weight and cost. Food waste needed to be measured so kitchens could manage it and improve it. So, they could finally “see” it. But how to make that tracking easy? Leanpath CEO Andrew Shakman asked that question 16 years ago.

The answer was a technology suite introduced in 2004 that, today, represents a complete food waste prevention platform consisting of in-kitchen tracking devices, analytics software that crunches food waste data, and coaching programs that help kitchens understand their data and act on it to prevent food waste.

Leanpath cuts its clients’ food waste by 50% or more. Since 2014 alone, working with thousands of kitchens across 40 countries--with clients including Google, IKEA, Aramark and Sodexo--Leanpath has empowered culinary teams to prevent over 55 million pounds of food from being wasted.

Topics: Success Story client spotlight

Where to Get CARES Act Resources

The recently signed Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") contains over 800 pages of legislation to provide financial relief during this time of crisis. The bill provides emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic.

In response to numerous requests, we are providing resources to help you understand the CARES Act. To the best of our knowledge, these resources are current, but please check with the appropriate agencies to confirm the details.

Find out what the CARES Act means for you, your family, and your business.

Topics: Economic Trends News Planning Resources

Financial Projections and Analysis Considerations

An important part of the business planning process is the preparation of financial statements to predict the outcome of an organization’s results in future periods.

Financial projections are based on compiling the internal and external accounting data you already use in the day-to-day management of your business. By projecting your revenue and expenses, you can get a more accurate view for how successful your business can be. Creating financial projections is not an easy task but is a very important part of developing a sound strategy. The financials tell you what goals to keep and what to cut.

Topics: Analysis Financial Projections

4 Essentials When Conducting Due Diligence on a Prospective Client

 

Business owners find due diligence daunting because of the cost and time required to do it effectively. They worry that the conversation with potential clients will be awkward to initiate and the process difficult to execute, lengthening the buying cycle. Furthermore, they fret about the risk of losing prospects from their sales pipelines, reducing overall conversion rates. However, the benefits far outweigh the risks of doing due diligence.

Topics: Risk Management Due Diligence

Spotlight on Remarkable: Fran’s Chocolates – From an Idea to the White House

Editor’s Note: We are fortunate to have many exceptional clients. From time to time, we include “Company Spotlight” posts in our blog to express our gratitude and appreciation for the awesome work they do and the accomplishments they achieve. Enjoy!

Chocolate is for sale everywhere. Consumers can purchase it ready to eat at their local grocery stores or over the internet. They can buy it in a variety of forms for use in creating their own culinary delights. They have a vast selection of price and quality from which to choose. 

So, what did it take for one more company making chocolates to achieve the impressive success of Fran’s Chocolates? What was so special about the confections that started as giveaways to customers buying other products to something that a President of the United States chose to give as gifts to visitors to the White House? 

Topics: Company Culture Company Spotlight Success Story