A natural anxiety evolves when an organization goes through personnel and cultural changes as a result of a merger or acquisition. These changes have a direct impact on employees and their families, and if not managed appropriately, can be disruptive to the organization. Senior level HR advisors can play a critical role in the management …
Category Archives: Blog
22
Mar
Mar
“Churning” is probably not the best choice of words in the title of this article, since it can have negative connotations in any business – especially a recurring revenue model. However, I do want to draw attention to the concept of churn – the rate of client termination – because it: Is an essential element …
29
Nov
Nov
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 …
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 …
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. …
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 …
22
Aug
Aug
In part one of this series, I identified the considerations you should keep in mind when deciding whether or not your company has outgrown Quickbooks. Part two covers how systems selection is the first big hurdle in a conversion. Selecting the “wrong” system is not an uncommon mistake and the “right” system may be one of several …