Tag Archives: risk mitigation

The Single BEST Way to Prevent Financial Fraud

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 …

The Best of vcfo Webinars: Expert Training for Your Business

With 2017 still new and full of possibility, we thought it was the perfect time to revisit some of our most helpful webinars from recent years. Whether you need winning ideas for a big upcoming pitch or want to brush up on your budgeting basics before diving into the year’s financial planning, you’ll find valuable …

5 essential steps for navigating seafood business marketplace uncertainties

These are interesting times for seafood companies and fisheries based in Washington state. A confluence of factors, including changing ocean conditions and intense international competition are introducing uncertainties that complicate business decision making. It all begs the question of what seafood businesses can do to stay strong in the face of rapid environmental changes and …

Top Blogs of 2016

As we kick off the new year, we are remembering our most read blogs from 2016. From compliance to strategy to valuation, we covered a variety of finance, HR and recruiting topics and best practices, realized through our own experiences and takeaways from helping clients address their business needs and concerns. 1. Complexity vs. Simplicity: …

How suppliers can prepare for aircraft manufacture cost-cutting demands: 5 key steps

From a competitive standpoint, 2016 has been a choppy year for major aircraft manufacturers. Intense pricing competition between Airbus and Boeing, as well as increasing competition from Bombardier, have led both companies to pursue cost-cutting efforts. The ripple effects to suppliers from Boeing’s latest efforts, including requests for longer payment terms, have significant business implications. …

Reasonable Cybersecurity Measures

There are two facts about cybersecurity that are undeniable: 1.) No business entity is immune to cybersecurity risks. 2.) There is no singular, “one-size-fits-all” answer to mitigating cybersecurity risks. With that in mind, what should we be doing to ensure we have done what is necessary to protect our organizations’ data from malicious actors?  The …

Year-End Impacts of the Affordable Care Act

It’s here! Q4 of 2015 is upon us, and for the very first time, companies with 50 or more employees are facing the administrative realities of the Affordable Care Act. Many companies are also addressing unexpected projects associated with the Affordable Care Act such as benefit plan overhauls, HRIS/technology upgrades, reorganization of staff and additional …

Reduce HR Risks Through Employment Compliance

Are you paying attention to the increasing number of employment laws you must follow and the potential for litigation if you fail to comply? Often, employers are their own worst enemies when it comes to legal compliance in the employment arena. Unfortunately, we live in a world that grows increasingly more litigious, and employment-related lawsuits …

Internal Fraud: A Case Study in Recovering from Disaster

Louise Tieman shares an internal fraud case study on proformative.com. This is the tale of the kind of fraud disaster that keeps CFOs up at night–and makes CEOs physically ill. This is the kind of fraud disaster that shutters the victim company most of the time. Like most internal frauds it was also completely preventable, though that …

Does insurance really cover your risk?

Similar to my blog post on taxes actually coming more than once a year, many businesses only think about risk one time a year. That time is typically when it is time to renew the property and casualty, general liability and D&O policies. For many businesses, this becomes a routine and mechanical process, when in …