Category Archives: Performance Measurement

Why Service Businesses Must Track Employee Utilization Rates

This week’s post and linked full PDF are by Sherry Rahbar, Partner, CFO Edge, LLC. Unlike manufacturers who create and track products for sale, a less tangible inventory – billable time for employees’ work – means that service businesses must track … Continue reading

Posted in CFO Services, Cost Cutting Strategies, Employee Utilization Rates, Financial Strategy, Growth Strategies, Los Angeles, Performance Management, Performance Measurement | Tagged , , , , , , , , | Leave a comment

Now is a Good Time for An Annual Business Checkup

This week’s post and linked full PDF are by Howard Goldman, Partner, CFO Edge, LLC. As with a once-a-year proactive visit to a doctor for a health checkup, now is a good time for an annual business checkup. Doing so … Continue reading

Posted in Benchmarking, Business Health & Checkup, CFO Services, Financial Operations, Financial Reporting, Financial Statements, Financial Strategy, Los Angeles, Operational Analysis, Performance Measurement, Risk Management | Tagged , , , , , , , , , , | Leave a comment

How to Determine if a Company is Profitable or Not

This week’s post and full article are by Mark S. Becker, Partner, CFO Edge, LLC. Given a primary goal of earning a profit, it’s surprising how many Los Angeles and Southern California executives don’t know how to determine if their … Continue reading

Posted in Accounting Systems Design, Cash Flow, CFO Services, Financial Reporting, Los Angeles, Performance Measurement, Profitability | Tagged , , , , , , , , , , | Leave a comment

How Small Businesses Can Use Big Data

This week’s post and full article are by John W. Braine, Partner, CFO Edge, LLC. While many Los Angeles and Southern California executives may think big data is only for large corporations, there are many ways small businesses can use … Continue reading

Posted in Big Data, CFO Services, Financial Trends, Los Angeles, Performance Measurement | Tagged , , , , , , , , | Leave a comment

Historical Financial Reporting vs. Future Financial Reporting

There are two main types of financial reporting conducted by Los Angeles and Southern California businesses: historical reporting, which looks back at past financial performance, and predictive reporting, which proactively looks ahead to future financial performance. While the vast majority … Continue reading

Posted in Financial Operations, Financial Reporting, Financial Statements, Outsourced CFO Services, Performance Measurement, Strategic Planning | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

What is Benchmarking – and Why Is It Important?

While many Los Angeles and Southern California executives measure company performance by monitoring key performance indicators (or KPIs), this is just a first step. Benchmarking is the process of comparing your business’ KPIs or other performance indicators to an objective … Continue reading

Posted in Benchmarking, CFO Services, Financial Strategy, Growth Strategies, Performance Measurement | Tagged , , , , , , , , , , , , , , , | Leave a comment

White Paper: Performance Measurement & Management

We’re excited to share a new complimentary white paper we’ve published this week: Performance Measurement: At the Heart of Performance Management We consistently hear Los Angeles and Southern California business leaders agree on the value of performance measurement – and … Continue reading

Posted in Performance Management, Performance Measurement | Tagged , , , , , , , | Leave a comment

Performance Measurement: Understanding the Balanced Scorecard

To complete this four-part series on best practices for strategic planning and accurate performance measurement, we will discuss the balanced scorecard and its uses. A balanced scorecard is a strategic performance management tool that translates a company’s abstract vision and … Continue reading

Posted in Performance Measurement | Tagged , , , , , , , , , | 1 Comment

Performance Measurement: Executive Dashboards

This article, the third in a series on performance measurement, reviews executive dashboards as exceptionally useful systems for measuring and visually reporting on key performance indicators. Combining KPIs with a dashboard better enables an organization to monitor, analyze and manage … Continue reading

Posted in Performance Measurement | Tagged , , , , , , , , , , | Leave a comment

Performance Measurement: Key Performance Indicators (KPIs)

Key performance indicators are measurements that quantify objectives, thus making it possible to assess performance and gauge success. While critical success factors (addressed in the first article) are defined specifically as activities or elements, KPIs are measurements that support critical … Continue reading

Posted in Performance Measurement | Tagged , , , , , , , , , | Leave a comment