Tag Archives: performance

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

How to Put Data Mining to Work for Your Business

This week’s post and linked full PDF are by William K. Thorpe, Partner, CFO Edge, LLC. With frequent media coverage of successful data mining outcomes in companies of all sizes, it makes sense to look at how to put data … Continue reading

Posted in Big Data, CFO Services, Data Mining, Growth Strategies, Los Angeles, Performance Management | 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

Is Your Business Software System Helping – or Hindering – Your Company’s Growth?

This week’s post and linked full article are by Howard Goldman, Partner, CFO Edge, LLC. While conventional wisdom has it that there is no need to make an investment in a new business software system if the current one is … Continue reading

Posted in Accounting Systems Design, CFO Services, Cloud Computing, Los Angeles | Tagged , , , , , , , , , , , , , , | Leave a comment

Eight Reasons to Turn to an Outsourced Professional

This week’s post and linked full article are by Howard Goldman, Partner, CFO Edge, LLC. Many Los Angeles and Southern California executives are realizing the benefits of outsourcing – including doing more with less, increasing efficiencies, freeing capital for investment … Continue reading

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The Importance of a Holistic View of Financial Challenges

When bringing in an outsourced CFO services provider or other financial consulting professional for a specific project, it is not unusual for the resource to find that the project is closely tied to preceding or interlinked financial and operational performance … Continue reading

Posted in CFO Services, Financial Consulting Services, Financial Strategy | Tagged , , , , , , , , , , , | Leave a comment

Who Is On Your Outsourcing Dream Team?

In their ongoing efforts to maximize efficiency, stay focused on their core competencies, and get more done with less, many Los Angeles and Southern California business owners and executives are reaping the benefits of outsourcing. But some still think that … Continue reading

Posted in Financial Strategy, Outsourced CFO Services, Outsourcing | 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

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How Outsourced CFO Services Can Help Your Business Do Better Than “Fine”

A number of Los Angeles and Southern California business leaders we talk with share their perceptions that things are going well. Steady sales, good profits, and happy customers combine to make them ask, “Why do we need to bring in … Continue reading

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