The CFO’s Guide To Tech-Enhanced Revenue & Profit Strategies
Historically, CFOs were often seen as the “CF-No,” focused on controlling budgets and curbing expenditures that didn’t align with financial plans. However, today’s CFOs are better described as the “CF-Know,” with a comprehensive understanding of the entire business ecosystem. This shift has empowered them to offer insights that fuel organizational success rather than just manage costs.
Today's CFOs are responsible for risk management, human resources, and technology strategy. Additionally, the scope of their influence now includes critical components like Environmental, Social, and Governance (ESG) factors, digital transformation, and strategic leadership, reflecting the complexity of today’s business environment.
Seven Financial Stewardship Principles for Churches
In church leadership, stewardship is a key value, particularly regarding tithing and generosity. However, stewardship also extends to how churches manage their resources, such as finances, people, time, and facilities. To achieve their mission, churches must use these resources wisely and faithfully. By following essential financial stewardship principles, church leaders can foster sustainable growth and fulfill their God-given purpose.
This guide presents seven foundational principles to help churches manage their resources effectively while aligning their financial practices with their spiritual mission.
The Nonprofit Guide to Collaborative Budgeting
Nonprofits face a challenging landscape characterized by financial constraints and evolving stakeholder expectations. To navigate these challenges effectively, adopting innovative financial strategies like collaborative budgeting is essential. This approach not only aligns with an organization’s mission but also enhances adaptability in a dynamic environment.
Streamlining the Budget Process for Enhanced Organizational Efficiency
Efficient and effective budget management is crucial for the sustainability and growth of any organization. Streamlining the budget process not only reduces the time and resources spent on budgetary activities, but also enhances the decision-making capabilities, ensuring that financial resources are allocated optimally. Our Martus experts have outlined a three-step approach to refine and improve the budgeting process within any organization, ensuring they are aligned with their strategic goals and operational needs.
How Quick Consols Gets You Accurate Results Fast
Consider the fact that according to the National Transportation Safety Board (NTSB) up to 88% of charter planes that fallout of the sky are caused by human error. That number only drops to 50% when looking at commercial airliners.
Of course airplanes that stop flying, especially mid flight, tend to create a fair amount of noise (pun intended) because the impact on us is graphic and devastating on a human level. But what about all the other professionals out there including the accounting profession? The financial reporting requirements out there now are as complicated as the cockpit of an Airbus A380.
3 Reasons Finance Departments Are Still Struggling with Overtime
While most companies excel at tracking their financial performance through clear metrics like profit and loss, they overlook measuring how employees spend their time. In many finance departments, particularly in larger companies, time is only ever considered during month-end closings and audit deadlines.
In our experience with every finance department across companies that Quick Consols has served, there's a consistent pattern of overtime during month-end reporting cycles. But why? Month-ends haven’t changed in the last 30 years. Interestingly, the process of data collation for management or shareholders hasn’t changed either.
How Quick Consols Gets You Accurate Results Fast
Consider the fact that according to the National Transportation Safety Board (NTSB) up to 88% of charter planes that fallout of the sky are caused by human error. That number only drops to 50% when looking at commercial airliners.
Of course airplanes that stop flying, especially mid flight, tend to create a fair amount of noise (pun intended) because the impact on us is graphic and devastating on a human level. But what about all the other professionals out there including the accounting profession? The financial reporting requirements out there now are as complicated as the cockpit of an Airbus A380.
3 Reasons Finance Departments Are Still Struggling with Overtime
While most companies excel at tracking their financial performance through clear metrics like profit and loss, they overlook measuring how employees spend their time. In many finance departments, particularly in larger companies, time is only ever considered during month-end closings and audit deadlines.
In our experience with every finance department across companies that Quick Consols has served, there's a consistent pattern of overtime during month-end reporting cycles. But why? Month-ends haven’t changed in the last 30 years. Interestingly, the process of data collation for management or shareholders hasn’t changed either.
Mastering Dunning Workflows
Managing account receivables can be a complex and time-consuming process for businesses of all sizes. However, by starting with a well-thought out strategy and organizations can significantly improve their collections processes and ensure timely payments from their customers.
In this white paper, we will present the best dunning workflow that has been proven to work for hundreds of Gaviti customers. Our goal is to help you streamline your collections process and improve your workflow, ultimately leading to increased cash flow.
The A/R Collections Manager’s Guide: Get Paid on Time and Accelerate your Cash Flow
If you've ever had to chase an invoice, spend time nudging customers about late payments, or find yourself lost trying to navigate through a mess of Excel spreadsheets, you know how troublesome the accounts receivable (A/R) collections process can be.
Businesses can get a handle on their accounts receivable collections processes by taking a few simple steps – and deploying a few simple automation tools – that can help them along. Let’s review a few best practices for efficient A/R collections and how you can automate your accounts receivable process.
The Complete A/R Invoice-to-Cash Management Checklist
Evaluating software is complicated. Luckily, you don't have to be a techie to help make a good decision for your organization. This ebook will help you understand the common and not-so-common of components accounts receivable software as defined by the Gartner.
This ebook explains the core features of accounts receivable software and also contains checklists that you can use when evaluating vendors.
Church Buyer’s Guide
Researching payroll and HR solutions for your religious organization can be overwhelming. Having the right resources such as this Church Buyer’s Guide can help you make a more informed decision.
In federal tax terms, a church is categorized as any place of worship. This categorization includes synagogues, mosques, and temples. The IRS automatically recognizes churches as 501(c)(3) charitable organizations, should they meet the appropriate requirements.
This guide highlights critical factors addressed by best-in-class payroll and HR solutions for churches. You’ll find a list of essential features and benefits to consider in each section when comparing and evaluating systems.
Fill out the form to get instant access.
Nonprofit Buyer’s Guide
Researching payroll and HR solutions for your nonprofit organization can be overwhelming. Having the right resources such as this Nonprofit Buyer’s Guide can help you make a more informed decision. This guide highlights critical factors addressed by best-in-class payroll and HR solutions for nonprofits. You’ll find a list of essential features and benefits to consider in each section when comparing and evaluating systems.
This guide offers high-level information on choosing a workforce management solution. However, it’s intended to help only with your initial evaluation process. Be sure to discuss your needs and requirements with potential providers thoroughly and insist upon system demonstrations from those you’re giving serious consideration.
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HCM Solution Decision Matrix
There comes a time when organizations must evaluate human capital management solutions and choose the best option. But how do you know which provider best suits your company’s needs? Leveraging tools like a decision matrix is an effective way to make more confident decisions based on criteria that matters to you.
Use this HCM solution decision matrix when:
- You’re choosing a provider based on several criteria that impact other departments.
- You’re trying to narrow the list of providers you’re considering.
- You already have a shortlist of providers, and you need to make a final choice.
- Feel free to contact us for additional guidance and insights on choosing the best HCM solution for your business.
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Payroll and HR Buyer’s Guide
Researching payroll and HR solutions for your organization can seem overwhelming, but it doesn’t have to be. Once you have identified and prioritized your payroll and HR needs, you can use this Payroll and HR Buyer’s Guide to help you make a more informed decision.
This guide highlights critical factors addressed by best-in-class payroll and HR solutions for small and mid-sized businesses. You’ll find a list of essential features and benefits to consider in each section when comparing and evaluating systems.
Fill out the form to get instant access.
