If your payment strategy is to send payments and hope for the best, you'll probably be surprised to know that many of your colleagues in finance have the same senseless strategy. But if you check the cracks, you might find…
Strategy
ADP’s September jobs report showed private employers added 90,000 jobs. That marked the first acceleration in hiring since May, following three months of slowing job gains. August’s gain was revised down from 38,000 to 36,000. The sector and establishment-size breakdowns…
Whether you report to stakeholders or shareholders, you probably dread delivering bad financial news. No one wants to experience — let alone talk about — missed earnings, revenue shortfalls, contract losses, budget overages, etc. But they're potential topics every time…
We all make mistakes. Then there are those times when it’s A REALLY BIG mistake. We aren't talking about line item errors that can be rectified once you recognize them. Or even forecasting miscalculations that you can recoup in the…
Just because you theoretically hold the purse strings doesn't mean you automatically get what you and your team want. You often need to negotiate, whether you consciously recognize that it's going on or not. Sometimes, you're deeply involved in a…
In today's workplace, we often turn to AI, on-demand webinars and online training tools for development. A touch of the fingertip can help you learn more about finance or improve leadership skills. But where do you start? Do you know…
Ask most finance leaders what their team does and you'll hear the same answer: close the books, produce reports, keep the records clean. The finance role has outgrown that definition. Finance Can Add Value to Decisions Finance departments that operate…
Finance and HR haven't always seen eye to eye. Your role is to keep costs under control; HR's is to advocate for people investments — spending that doesn't always translate into a clean ROI. Now, that old divide is narrowing.…
Work smarter, not harder. It’s a concept that’s often used, seldom realized. Why? “Working smarter” almost always requires more resources. And Finance professionals are the most likely to know: Do we actually have more money, time and resources? You aren't…
Customers are paying slower. Sure, your payment is still coming (fortunately), but the slower payments might leave you stretching working capital and tightening liquidity. Paying Slower than Just Months Ago More than two-thirds of finance professionals say their customers are…
The median time to complete a monthly financial close is six days – and for some organizations, it takes as long as 10, according to the American Productivity & Quality Center (APQC). Organizations that take too long to complete their…
Some roles are defined by what you do. Marketing, sales and engineering, for example, are measured by action. Others are defined by what they know. That’s finance. In finance, we own the numbers and get paid to know where money’s…
