The Difference Between SaaS ERP and Cloud ERP
Have you ever considered the distinction between SaaS ERP and cloud ERP? The subtle differences between these two approaches can shape your business’s direction, influencing growth, adaptability, and long-term success. It’s like choosing between two similar-looking roads that ultimately lead to different destinations. They both promise efficiency and flexibility, but how do you know which […]
Discounted Cash Flow Model in Excel
This businessman named John asked his buddy Peter to invest a big chunk of money in his company. But Peter’s on the fence about it. He wants to check out the potential revenue first because he’s worried that it could be a bad investment or, even worse, lead to bankruptcy. At this point, Peter should […]
What is Collaborative Budgeting?
Collaboration in business is like weaving a strong fabric—each thread adds strength and richness to the whole. When different departments work together, fresh ideas emerge, and obstacles fade away. This teamwork is especially valuable in finance and budgeting. By bringing in input from various teams, you not only create a more well-rounded budget but also […]
Top 10 Focus Areas for CFOs in 2024
Eighty-eight percent of CFOs are expected to take on more strategic responsibilities beyond traditional finance roles in 2024, focusing on areas like business growth, technology investments, and risk management. The role of Chief Financial Officers (CFOs) is quickly evolving as we move into 2024. With digital advancements, economic challenges, and changing regulations, CFOs are now […]
Business Bank Account vs. Personal Bank Accounts
Are you mixing your personal and business finances in one bank account? It might seem convenient, but it could lead to big problems down the road. Combining personal and business finances can cause issues, especially during an IRS audit. Many business owners make the mistake of using one account for both. But what’s the difference […]
Accounting Mistakes Surge by 150% in Public Companies
During the 2024 proxy season, reports show that many newly formed companies had to correct their financial statements and improve internal controls. The U.S. IPO market in 2024 has shown improvement after tough years, with a 30% increase in IPOs and an 83% rise in proceeds compared to 2023. Sectors like healthcare, biotech, and green […]
Apple CFO Steps Down From His Role
Apple Inc., the tech giant known for its innovation and value, is facing a major leadership change. Long-serving CFO Luca Maestri is stepping down, ending nearly a decade of financial leadership. Maestri’s departure marks a key moment as Apple transitions to new financial leadership while continuing its global dominance. Luca Maestri’s Impact on Apple Luca […]
3 Key Financial Statements for Evaluating Company Finances
How can you tell if a company is in good shape? Think of it like checking someone’s health—you wouldn’t skip looking at their vital signs. In business, those vital signs are the three main financial statements. The income statement, balance sheet, and cash flow statement each show a different part of the business’s financial health. […]
Fintech Winter and the In-Demand FP&A Roles
FP&A roles have seen a 25% increase in demand over the past year alone. As startups and established companies alike navigate these challenging times, the role of FP&A experts has never been more important in ensuring financial stability and long-term success. The tech industry has had a tough year, known as “Fintech Winter.” Major tech […]
CFOs’ Strategy Against Economic Downturns
Imagine you’re the captain of a yacht and you spot a storm brewing in the distance. Do you push on toward your destination and face the storm head-on, or do you wait it out? Amid a tricky mix of economic risks – think a potential recession, higher inflation, rising interest rates, and global uncertainties – […]