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Fahrenheit Expert Spotlight: Kim Moore, Business Advisory Consultant
Kim Moore is an automation evangelist. For her, robots are not threatening humanoids or massive assembly line machines. They are lines of software code, accessible to businesses of any size, that can connect digital systems and automate repeatable processes – optimizing business operations by freeing humans for higher level, more valuable work. “Even small gains in productivity and efficiency are…Read More -
Maximize Business Agility with Financial Statement Close & Reporting Automation
To move your business forward, you need real-time financial data. Better financial data produces smarter insights. Smarter insights support smarter decision-making. And smarter decision-making empowers your business to respond to new opportunities, make strategic adjustments, and, most importantly, drive growth. Today’s future-forward businesses maximize business agility with financial statement close and reporting automation that promises more accuracy and more access…Read More -
Going Paperless Makes Sense and Saves Cents
“Going paperless.” These two words cause anxiety in the business world because they mean change, and most people cling to the status quo like a dog’s grip on a bone. Many believe using paper makes processes and systems more organized, and companies that use physical documents are resistant to changing “the way it’s always been.” The truth is, as a…Read More -
Automate Hire-to-Retire Processes to Stay Competitive (Series: Part 4 of 5)
The Great Resignation. Remote and hybrid workers. DE&I. Workforce transformation. Upskilling. Record job openings. The talent shortage. The last two years have brought new ideas, new expectations, and new challenges to the world of HR. With the outlook for 2022 bringing more of the same, there’s no better time to get your HR house in order, strengthening hire-to-retire processes to…Read More -
Trends and Opportunities for CPA Firms in 2022
We’re still adapting to the changes CPA firms experienced during the pandemic. The trends and challenges facing CPA firms in 2022 are a direct result of new experiences, new environments, and new expectations brought about by COVID-19, including such challenges as staff shortages and capacity issues. As we reflect on the second anniversary of the World Health Organization declaring COVID-19…Read More -
5 Critical Questions to Ask Before Investing in a New Accounting System
To illustrate the importance of making a careful, educated decision about whether to invest in a new accounting system, I will share a cautionary tale and offer five critical considerations before making a switch. A few years ago, a client of mine took me to lunch in his new Porsche 911. The car was gorgeous. It was fast and it…Read More -
“No” to Complacency and “Yes” to Optimization Opportunities
You’ve worked hard to get your business where it is today. You’re doing well. You have hard-working employees. You have loyal customers — though you’re not seeing steady customer growth, you’re not losing them, either. Despite a few issues, the business is rolling along. And you’re OK with that. Or are you? Sometimes you think you could do things more…Read More -
5 Tips for Effective Business Goal Setting
Rowing requires a crew of eight oarsmen to row in near-perfect unison to win a race. Each crew member has a distinct role. The coxswain steers the boat, makes tactical calls, and encourages the crew, while the “stroke” sets the cadence of the blades in and out of the water. The middle crew in positions 3, 4, 5, and 6…Read More -
6 Best Competitor Analysis Tools (Updated for 2022)
Crunchbase FactSet Visualping SEMRush LexisNexis PowerBI Knowledge360Ⓡ Competitor analysis plays a vital role in the strategies of many of the world’s leading firms, acting as an important input into key strategic decisions. But as the industries that businesses compete in become increasingly complex, it’s more important than ever that competitive intelligence analysts like you embrace tools that enable you to deliver…Read More -
Ensure Timely and Accurate Financials With a WIP Report
The Work in Progress report is an important tool, used primarily by construction, engineering, supply chain management, and other companies involved in complicated multi-step projects which involve timelines stretching over months, and in some cases, years. This article, written with the construction industry in mind, briefly surveys the usefulness of the WIP report and the inherent hazards of improper usage.…Read More -
5 New Year’s Resolutions for Business Leaders to Ensure Growth
For business leaders, planning in the new year includes reflecting on your business progress and applying key learnings to grow in the year ahead. Jump start 2022 with these... 1) Set Your Growth Goals Review your results from 2021 and use that information to set your growth goals for 2022. Did you achieve the targets set? Do you know…Read More -
Prepare for the Next Normal With These 3 Focuses
We’ve all anticipated the “new normal.” But there is no going back. Too much has changed to return to whatever “business as usual” was before the pandemic. To prepare for the “next normal,” businesses must refocus their strategy, rethink how they operate, and pivot to accommodate — and leverage — new expectations and new realities. Those that do will have…Read More