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Cost Control

Boosting cash flow: Are your finance strategies geared toward success?

“Cash is king” is drilled into finance professionals’ heads from their first day on the job! And there’s a great reason for that – companies that can tap into an optimal amount of cash at the end of every month are in a better position than the competition. David Peters, a seasoned CPA and founder […]

by Scott Ball
March 14, 2023

Employees will come up with good ideas & share them if you follow these 5 practices

Asking for staffers’ input helps increase morale and boosts teamwork. It also leads to great ideas that help companies make and save money. Not all supervisors remember this on a regular basis. It’s easy to get tunnel vision and focus on the daily grind. Whether it’s the controller, credit manager or CFO at a company, […]

by Scott Ball
March 9, 2023

Cut costs in this area and it’ll send the wrong impression

What’s one of the first things people notice about a company’s headquarters? It’s right under their feet – floor surfaces. That’s why even when you’re under pressure to keep costs down, you can’t afford to scrimp much when it comes to floor maintenance. Old carpeting or worn-out hard flooring impacts how everyone – employees, visitors, potential […]

by Scott Ball
March 2, 2023

3 business operating expense KPIs you need to be closely tracking now

You’re skilled at keeping simultaneous track of your company’s profits and costs, including business operating expenses. Case in point: You can probably calculate your gross profit – revenue subtracted by the cost of goods sold – with little effort. But with economists predicting an economic slowdown of some kind this year, you’re probably keeping a […]

by Brian Bingaman
February 22, 2023

What’s your money being spent on? Spend management solutions are the key to cost control

With an unclear economic picture for 2023, it’s important to take advantage of opportunities to make your business more efficient. But your spend management – which may be hindered by manual processes, and paper receipts, card statements, expense reports and invoices – can be a humongous speed bump on the road to efficiency. If your […]

by Brian Bingaman
November 23, 2022
Automation Software Can Save Time Money & Paper

Could internal theft be robbing your bottom line?

In an economic climate where you might have to do some belt tightening, a cash leak from internal theft is unacceptable. However, according to Aaron Evett, director of implementation of the expense management and business budgeting software company Divvy, a lot of companies don’t realize how much money can be saved just by taking measures […]

by Brian Bingaman
November 15, 2022

The economy’s hard to read, so what goals should you be focusing on for 2023?

There are a lot of differing opinions about the economy right now because the indicators contradict each other. For example, inflation keeps reaching all-time highs, yet consumer spending is strong. Also, the GDP declined two consecutive quarters (but increased 0.6% for Q3 2022), yet employment continues to grow. Because of the unusual economic conditions, making […]

by Brian Bingaman
November 7, 2022

Location, location, location: What states offer businesses the best tax rates?

One underappreciated advantage for attracting talent and minimizing costs is setting up shop in a business-friendly state. Higher-than-average tax rates, whether it’s for property, individual income, sales, corporate income or unemployment, take a big bite out of profits. With no near end in sight for high inflation, now may be as good a time as […]

by Scott Ball
October 27, 2022

Hotel prices increasing in 2023, but at a slower clip than 2022

It may be wise to evaluate your 2023 T&E budget one more time because hotel prices worldwide are expected to go up again, according to American Express Global Business Travel. A combination of pent-up demand for in-person meetings and ongoing hotel industry recovery struggles are likely to trigger higher prices and other challenges for securing […]

by Brian Bingaman
October 11, 2022

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Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.

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