Category Archives: Finance Consulting

Improving Finance and Accounting Technology Systems

Improving 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 …

Revenue Recognition and M&A Transactions

Revenue Recognition Consultant Texas

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 …

How to Determine if You Need New Accounting Software Part Two – Systems Selection

Selecting The Right Accounting Software – Interim CFO

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 …

How to Determine if You Need New Accounting Software Part One

How To Determine if You Need New Accounting Software Part One - vcfo

A common concern for many of our clients is in regards to their accounting software, specifically QuickBooks. Deciding when to make the switch from QuickBooks for a more robust accounting or Enterprise Resource Planning (ERP) system is no trivial matter. On the one hand, once a company has outgrown QuickBooks, remaining with it may limit …

The Single BEST Way to Prevent Financial Fraud

The Single BEST Way to Prevent Financial Fraud - vcfo

Financial fraud is a bad scenario for business owners. Beyond the embarrassment or the financial loss, fraud can also result in the termination of a long-term employee. A few factors may put a company at risk; however, the primary cause is a lack of internal controls and oversight. We also find that a lack of …