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Strategy

Noncompete clauses could be a thing of the past: A quick look at the FTC’s proposed rule

The Federal Trade Commission (FTC) is proposing to ban noncompete clauses in employment contracts, long used by companies to prevent highly-valued employees from quitting and joining a competing firm. Bottom line: While it’s great news for talented professionals with options and experience in fields like finance, the reg poses a daunting challenge for businesses looking […]

by Scott Ball
January 19, 2023

Staffers stumped by a challenge? Problem solving strategies for getting unstuck

Some of your people may be excellent at problem solving. But even those team members can occasionally run into problems that seem so complex and overwhelming that they get stuck because they’re unsure about where to begin. That’s when it’s time to step back, reassess the situation and try some different approaches to problem solving. […]

by Brian Bingaman
January 18, 2023

Elon Musk states the obvious – meetings are (almost) always a waste of time

Love him or loathe him, Elon Musk is dominating the business news cycle. When you’re rich enough to drop $44 billion on a bloated tech company like Twitter, people pay attention to what you say or do. Musk and his management team aren’t wasting time laying off entire divisions at Twitter. He’s refusing to pay […]

by Scott Ball
December 20, 2022

Top 2023 Finance trend predictions related to fintech, the economy: Are you prepared?

The economy will continue to fluctuate next year, and that’ll be driven by interest rates, according to a webinar on 2023 Finance trends from Controllers Council. Many of your peers agree that it’ll be a roller coaster ride because they’re not sure what’s going to happen next: 21% of the webinar’s attendees named braving economic […]

by Brian Bingaman
December 16, 2022
Businesses Will NeedTo Balance Prudent Spending Digital Transformation

New WOTC guidance from IRS: What you need to know

The federal Work Opportunity Tax Credit (WOTC) could be a boost to your bottom line – a one-time credit up to $9,600 per qualified new hire. To be eligible for a WOTC, employers need to hire workers that qualify as belonging to a group of people that face significant barriers to employment, such as: unemployed […]

by Brian Bingaman
December 8, 2022

Paperless A/P in your New Year’s resolutions? Make sure these internal controls are in place

Since about 80% of all your company’s transactions go through A/P, if a totally paperless A/P department is one of your goals for 2023, robust controls to prevent waste and misuse of company funds will be essential. That’s because according to the U.S. Department of Commerce: 5% of all companies’ annual revenue is lost to […]

by Brian Bingaman
December 7, 2022

Will the Republicans be able to slow down the ESG train?

The predicted “red wave” for the midterm elections didn’t pan out. But the Republican-majority House can derail some of President Biden’s initiatives. One of them is the ever-expanding Environmental, Social and Governance (ESG) movement and specifically a proposed Securities Exchange Commission (SEC) rule that would require publicly traded companies to disclose their greenhouse gas emissions […]

by Scott Ball
December 1, 2022

How’s your cybersecurity? 3 steps to fostering a culture of superior cyber hygiene

Cybersecurity – protecting sensitive corporate and customer data from falling into the hands of criminals – is vital to your organization’s success. Lately the feds have been cracking down on disruptive ransomware thieves and info sellers on the dark web, but don’t let that lull you into a false sense of security. An optimum strategy […]

by Brian Bingaman
November 30, 2022

Want to keep productivity up with fewer employees? Finance tech can save the day

To keep your business competitive in the midst of a labor shortage it may take more implementation of digital finance technology which enables teams to get more done in less time. Technology (including finance technology) has a lot to do with why overall worker productivity is noticeably higher than it was 40 years ago, according […]

by Brian Bingaman
November 17, 2022
Automating A/P And A/R Can Be An Efficiency Game Changer For Finance

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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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