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5 Basics Of Cloud Computing And How It Can Help You
“Cloud computing” is a broad term used to describe technology resources that are located on a vendor’s property and purchased on an on-demand basis accessed via the internet. The technology resources include the hardware infrastructure of servers, storage, networks, firewalls, load balancers and other hardware. To utilize the “cloud” users only need a secure internet connection. Analyst firm Gartner specifies…Read More -
Cash Forecasting: Internal Communication is Key
Today CFO’s and CEO’s are expected to maintain a watchful eye on their cash flows; every dime spent and every dollar earned. But companies need a disciplined approach to record keeping and forecasting to be successful. First, identify the manager responsible for the cash forecast and their team. The team is made up of an owner from each functional area…Read More -
Hire Experts To Ease Financial Growing Pains
Mergers, acquisitions and growth all come with some transitional problems, and financial reporting is an important aspect. It can be tough to acknowledge when a project is outside of the area of expertise of your internal teams, but an outside consultant can often greatly streamline the process. This is especially true when a company suddenly finds itself having to adhere…Read More -
Two Sides to the Same Picture
I spend a lot of my time working with entrepreneurs and bankers. These two groups don’t always have the easiest time communicating, so I sometimes find myself in the position of translator. These communication problems predate the current difficult lending environment, and I expect will still be around long after the credit markets loosen up. They reflect the fact that…Read More -
6 Tips When Considering A Monthly Reporting Package
Access to timely, accurate information is essential to making informed decisions and running an efficient business. Establishing a universal method for measuring success is key – here are a few things to consider when implementing a monthly reporting package or dashboard. Get Financial and Organizational Commitment from Management It’s important for all members of management to establish exactly what is…Read More -
Next Steps: Employment Landscape for 2011 Grads
As the last of college graduations begin to come to a close, recent reports from the National Association of Colleges and Employers indicate that recent or soon-to-be graduates should have a positive outlook on their next move as they enter the workforce. An article published by US News earlier this month, states that job growth for this demographic is stronger this year…Read More -
12th Annual NAPCP Conference: The Takeaways
Last month I attended the 12th Annual NAPCP Commercial Card and Payment Conference in Las Vegas, Nevada from April 11 – 14th with over 650 attendees, including end-users, providers and exhibitors. The NAPCP (National Association of Purchasing Card Professionals) is a membership-based association committed to advancing Commercial Card and payment industry practices worldwide. They serve members across the corporate, education, and government sectors…Read More -
So What’s Your Gross Profit?
We often hear business owners say that their gross profit (or gross margin, to some) is a certain percentage of sales; say 40%. And sure enough, when we use their price list and their item cost report to make the following calculation: We get a figure very close to the claimed 40%. Then we look at the company’s income statement…Read More -
Six Must-Know Points When Implementing ERP
You want to make any transition within your business as efficient and painless as possible, and that applies to software updates and implementing new processes. We asked our implementation expert Julie Stepp to give us her six keys to implementing an ERP software solution. Here’s what she says to look for: Software systems are designed utilizing business “Best Practices” for…Read More -
Creditworthiness: For Hire or Not for Hire?
Back in college, when professors and counselors prepared you for an interview in the “real world,” did their tips include “and be sure you’ve got a solid credit score?” Not likely. But battle lines are being drawn in 25 states over whether future employees should or should not be judged on their creditworthiness when applying. Privacy and civil rights advocates…Read More -
Fahrenheit Finance – A New Approach To Financial Consulting
Welcome to Fahrenheit Finance, a company with a new and unique approach to the consulting model. We’ve created a space in the market that did not exist before by delivering high quality consulting services by using the right skill set and experience required for each specific engagement – all at a competitive price. A Little About Us Our founding partners…Read More