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4 Ways To Speed Up Cash Flow
It’s great to find clients and deliver high quality work, but sometimes the effort to get paid for that work is greater than it should be.
This was especially true during the heart of the pandemic. Many small businesses faced challenges in not only billing clients, but also collecting payments on those invoices. According to a recent survey of 3,139 small businesses,…Read More -
Making Business Process Automation Easy for Finance and Accounting
A decade ago, the benefits of finance and accounting automation — like saving time and money — were available only to big Fortune 500 companies. Fast-forward to today and technological advancements now allow companies of any size to harness the benefits of automation.
In fact, in a Q1 2022 poll of 450 business leaders, nearly half said their company is…Read More -
CASE STUDY: Increasing Profitability Through Reporting, Data, and Analytics
Fahrenheit's Finance & Accounting team delivered greater financial clarity, actionable insight, and increased revenue to a fast growing regional administrator of retirement plans. The following case study summarizes the engagement.
ERISA Services, Inc., a family-owned, regional administrator of retirement plans for small and mid-size companies, enjoyed explosive growth over the years, recently launching affiliated companies in new states across the…Read More -
89 Ways a Fractional CFO Can Help Your Business
When you need financial expertise beyond your current team, a fractional CFO is the ace up your sleeve to help you conquer your goals. You get valuable insight and focus without making a full-time hire — and that’s definitely a win for your business.
Whether you’re looking for an expert to take on a special project or you need an…Read More -
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 -
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 -
Maximize Efficiencies with Purchase-to-Pay Process Automation (SERIES: Part 3 of 5)
Want to increase profits through more efficient operations? Business process automation for your purchase-to-pay processes will get you there.
There’s no better time to implement business process automation — called BPA and also known as digital transformation — to up-level your business and set the stage for transformational growth.
Business process automation is at the top of to-do trends for…Read More -
Why Automate Customer Orders to Cash (SERIES: Part 2 of 5)
Thanks to the pandemic, business process automation is more important now than ever before. In fact, Forbes has tagged automation as 2022’s #2 biggest business trend and the #1 tech trend that will dominate business in the coming year.
What does that mean for you? It’s time to get on board, if you haven’t already.
When you leverage business process…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