Do YOU have $3 million of cash hiding in plain sight? The vcfo team worked with a client in the manufacturing industry selling products to automobile paint and textile customers. We were looking for ways to increase their cash available. By digging into their financials, we determined that they were carrying 90 days of finished …
02
Nov
Nov
In our last blog we outlined the important parts of a job description and how to set up a marketable sales pitch that describes critical performance objectives rather than a laundry list of skills. This approach will help attract the right candidates from the start allowing you to spend more quality time with fewer, better qualified candidates. …
26
Oct
Oct
Top performing businesses assess their strengths and weaknesses and where they hold competitive advantages or disadvantages against their competitors. Research and actionable information increase the odds of outperforming the competition. Take a look at the following financial benchmarks implemented for vcfo clients and consider how you can achieve similar results in your organization. Increasing Cash …
16
Oct
Oct
Consulting CFO Regina Walters Joins vcfo vcfo welcomes Regina Walters as Senior Consultant for the Austin Market. Regina Walters joins the vcfo team as a Senior Consultant for the Austin market. Having served in the accounting and finance industry for over 20 years, Regina is experienced in leading companies to profitable growth and success. Regina brings …
09
Oct
Oct
Avoiding a Revenue “Wreckognition” Nightmare- How the new Revenue Recognition Standard Could Impact Debt Covenants The way entities recognize revenue and certain expenses associated with obtaining or fulfilling contracts is changing as a result of the new revenue recognition accounting standard (ASC Topic 606). It is important that entities understand the impact of these changes …
20
Sep
Sep
How the New Revenue Recognition Standard Affected a Recent M&A Transaction In late 2017 vcfo Houston Practice Manager, Russell Naisbitt, enjoyed the opportunity to serve as transaction CFO for the sale of a small SaaS software company to a much larger publicly-traded company. The Seller had wisely put together a deal team to represent them …
05
Sep
Sep
Attracting The Best Talent in a Labor Tight Market Part I: It All Starts With The Job Description Know the 6 Key Parts of a Job Description 1. JOB TITLE – Keep it simple and searchable. It might be tempting to come up with a creative title for the position, but doing that only ensures that job seekers …
02
Jun
Jun
You Will Have to Keep Two Sets of Books if Impacted by the New Revenue Recognition Standard. It is not too soon to be evaluating the impact of ASC 606 on their financial reporting and other aspects of their business. It is recommended that businesses undertake and impact assessment and develop an implementation plan and budget. …
24
Jan
Jan
vcfo Welcomes Rob Curry as Managing Director for the Dallas Market Rob Curry has joined vcfo Dallas as the Managing Director, contributing 30 years of experience in finance and operational leadership, as well as culture building to the team. He has repeatedly demonstrated his ability to improve operations, affect business growth, build focused teams, implement …
21
Jan
Jan
Strategic planning can be critical to the success of a business. As a Consulting CFO, I have been engaged in many strategic planning sessions over the years and I find that there are common mistakes leaders make. Here are some examples and ways to mitigate the challenges. Using an internal facilitator who does not …