Category Archives: Finance Consulting

5 Characteristics of Great Finance, HR, and Recruiting Consultants

The characteristics embodied and exemplified by great finance, HR, and recruiting consultants are, in large part, the same characteristics demonstrated by great consultants of any type. For CEOs and other business leaders who determine it may be necessary or valuable to bring in external consulting expertise to their organization, it’s important to consider these characteristics …

Someone Wants to Buy Your Business

Three Key Considerations One of the clearest signs that your business is successful and is seen as having definitive upward potential is when you receive an offer from a competitor, holding company, or business in an adjacent market inquiring about your willingness to sell. If divesting yourself of the business is not a primary near-term …

Finance Year-End

As Year-end Approaches, Finish Strong and Focus Forward As CEOs and other leaders come to grips with the reality of another year quickly coming to a close, many simultaneously recognize that it is a vital time to take stock of what needs to be done to strengthen one’s business and get it to where we …

HR Pitfalls of Mergers and Acquisitions

Five-HR-Pitfalls-to-avoid-after-MA-Blog-

Five HR Pitfalls to Avoid After a Merger or Acquisition In a previous post, we examined the important topic of The Roles HR Can Play During Merger and Acquisition. When effectively leveraged, HR instills confidence and calm in leaders and employees that all bases are covered in this time of transition. But HR’s role doesn’t …

Improving Finance and Accounting Technology Systems

Improving-Your-Finance-and-Accounting-Technology-Systems

It’s common for decision makers in growing companies to mentally survey their finance and accounting technology stack and realize that most of the information they receive originates from Excel or other disconnected applications. They also often conclude that most of their internal control points are similarly Excel-based, or at least managed by people that are …

Spear-phishing Scams: How They Work and How Not to Get Speared

spearphishing, scam, fraud

Cybersecurity attacks like spear-phishing scams are all too real. I have personally seen three near misses in the last year and want to share them with you, and encourage vigilance and proper protections. Businesses and leaders that do not act with a proper sense of vulnerability put themselves at great risk. Everything Seemed to Be …

Churning out Profits in a SaaS company to fuel Growth…which KPI to focus on

“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 …

Case Study: How this Textile Manufacturer Increased Cash Available by $3,125,000 with a Simple Balance Sheet Optimization

Financial Consultants in Texas

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 …

Using Competitive Insights to Catapult Past the Competition

Financial Analysis Firm in Texas

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 …

Two Sets of Books for Revenue Recognition

Revenue Recognition Standards – Virtual & Part Time CFO

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.  …