Many customers are adopting a new motto these days: "What’s mine is mine; what’s yours is mine." Put a stop to that pronto.
Training’s important to build skills, improve retention and show your staffers you think they’re valuable. It also takes a big bite out of the budget.
Jump on every technology that promises to improve accounting processes and you won’t have anything left in the budget to keep track of. But for some tech features finance execs should definitely jump on, few have.
Avoid falling for the same mistakes that brought down companies in previous recessions — learn from the firms that made it out on top.
Desperate times call for extra vigilance in order to protect your company’s resources.
It seems like a goal any red-blooded CFO would find tough to argue with: reduce the company’s costs. Unless people are going about it the wrong way.
Staying extra vigilant for these signs that a customer is struggling could help avert disaster before it’s too late.
When it comes to the economy, the number of small business owners that admitted “It’s getting better” just reached its highest level in 14 months.
You know why making and receiving e-payments is a good idea: less paper, better revenue management, streamlined processes, fewer errors, etc. So what’s really standing in the way? And is it a good enough excuse?
A reduction-in-force might increase cash flow, but is your company prepared for the employee exodus that’ll follow?
Yes, some of your peers have been able to secure a cash flow boost by faxing customers their invoices instead of mailing them. Here’s an alternative that might be even better.
You know the ones — the invoices as thick as a phonebook. Here’s a solution to ease this common A/P headache.
Sales is king of company incentives: Salespeople receive them for selling, they offer them to customers for buying, etc. How about your company offers them to customers for paying you instead?
April 15 just passed, but your state tax responsibilities sure haven’t. Check out where your state ranks in a whole host of different taxes.
It’s the most popular yardstick for companies to measure the health of their cash flow: Days Sales Outstanding (DSO). Compare your numbers against these recently-released benchmarks.
Unless everyone understands who’s paying their bills and (more importantly) who’s not, your company could end up in a serious cash flow crunch. Which is exactly why one company tried this.
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