Category Archives: Blog

New Programs for Colorado-based Employees

New Programs for Colorado-based Employees | vcfo

Two New Programs for Colorado-based Employees – What Employers Need to Know Virtually everyone recognizes the win-win of programs that promote employee health and well-being. These programs are appreciated and valued by employees and, in turn, promote higher employee satisfaction and productivity, as well as outcomes such as reduced employee stress and absenteeism. But not …

The Business of Feeding Texas

The Business of Feeding Texas | vcfo

Feeding Texas oversees food banks in 251 counties grouped across 21 districts, each with a central food bank responsible for managing regional food acquisition and distribution. A far-too-familiar rash of recent disruptions (COVID, inflation, etc.) has made it increasingly tough for them and other organizations like them to meet the needs of food-insecure citizens. To …

A Simple Test for Businesses

Simple Business Test | vcfo

A Single Simple Test that Could Save Your Business Medical professionals often first rely on simple and inexpensive tests to determine whether more expensive, intrusive, or uncomfortable tests are necessary to gain deeper insights or more conclusive evidence to inform medical decisions they and patients face. In many cases, one simple, initial test tells them …

Sink, Survive, or Succeed – Adapting Your Business in a Turbulent Time

Sink, Survive, or Succeed – Adapting Your Business in a Turbulent Time | vcfo

This article was co-authored by Ashford Chancelor, Dallas Practice Manager & Consulting CFO with vcfo, and Paul Hagerty, Sr. People Operations/HR Consultant in vcfo’s Dallas market. What a time to be alive and in business. Depending on one’s perspective, that phrase either evokes genuine excitement, deep concern, or both sentiments at once. The reason for that …

Service Firms’ Success

Service Firms Success| vcfo

Keys to Success for Service Firms Service firms are a vital part of every community. Most start with entrepreneurs providing a service for a small group of customers, performing that service increasingly well over time, and then experiencing growth as a result. But unfortunately, that growth also typically brings growing pains along with it. With …

IT Security in SMBs

Ensuring IT Security in Small- to Medium-Sized Businesses | vcfo

This article was co-authored by Mike Wilfley, vcfo Chief Operating Officer and Executive Vice President, and Shane Gronniger, CEO for GCS Technologies. Ensuring IT Security in Small- to Medium-Sized Businesses A decade ago, dealing with spam, avoiding worms and viruses, and keeping inappropriate images and websites out of the office environment are what held the …

The Increasing Importance of the Chief People Officer

The role and impact of the Chief People Officer (CPO) or Chief Human Resources Officer (CHRO) has continued to evolve since its emergence some two decades ago. Its origins marked a break from the traditional view of HR as primarily a tactical and administrative function to instead recognizing it as an indispensable part of the …

Oil & Gas Labor Shortages

Oil & Gas Labor Shortages | vcfo

Overcoming Labor Shortages in the Oil and Gas Industry The U.S. oil and gas industry has remained resilient through continued market volatility and tough-to-predict booms and busts – even through the compounding wake of COVID and other recent market disruptions. From 2014-2019, swings in oil prices negatively impacted more than 3,000 exploration, production, and oilfield …

Lease Accounting Updates that May Impact Your Business

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). It includes significant departures from its predecessor (ASC 840), applies to both lessees and lessors, and will have far-reaching impacts on many businesses. These impacts will include major changes to accounting practices and financial reporting, as well as increased …

Capital for Oilfield Services

Oilfield Services Capital | vcfo

Improving Access to Capital for US Oilfield Services Companies For small- to medium-sized oilfield services companies in the United States, the financial impacts of the pandemic, competitive pressures, and a range of recent disruptors have made it incredibly tough to stay healthy. While the peak of the pandemic may be behind us, those oilfield services …