Risk Management

In today’s financial landscape, Canadian organizations have a variety of payment methods to choose from, each with its own strengths and weaknesses. The key players in this arena are Interac e-Transfers, Electronic Funds Transfers (EFTs), and cheques. While digital options are gaining popularity, many organizations continue to use cheques due […]

In the dynamic realm of not-for-profit organizations, the strategic management of reserve funds is paramount to ensuring financial stability and sustained impact. While having reserves is undeniably essential, encountering a reserve fund at risk demands immediate and well-thought-out actions. This article provides an in-depth analysis of common threats to reserves […]

In the spirit of Halloween, we embark on a spine-tingling journey through seven bone-chilling business tales, each harbouring the potential to send shivers down your entrepreneurial spine. As seasoned CFOs, we’ve traversed the haunted corridors of the business world, witnessing a myriad of terrifying scenarios that could have been averted […]

As a leading accounting and finance management professional services company serving the business sector, we understand the significance of compliance and regulatory expertise in driving successful expansion initiatives. We will explore the top four strategies finance professionals can employ to ensure legal compliance and regulatory expertise during business expansion. By […]

In today’s fast-paced and ever-changing business landscape, managing innovation portfolios has become a critical strategic responsibility for business leaders. The ability to effectively navigate the dynamic nature of markets and stay ahead of the competition requires a well-defined approach to mapping and managing a business portfolio. This article will explore […]

Accurate forecasting is crucial for private businesses and not-for-profit organizations seeking to make informed decisions and plan for the future. However, biases can unintentionally influence forecasting, leading to inaccurate predictions. In this blog post, our accounting and finance team explores the importance of mitigating bias in forecasting and presents strategies […]

Companies that dare to step outside their comfort zones often reap substantial rewards in today’s fast-paced and ever-evolving business landscape. Stepping into uncharted territories and exploring new markets can be intimidating, but businesses can unlock their true growth potential with the right support. One essential pillar of support is a […]

As a business owner, you may be considering injecting cash into your business to help it grow and thrive. However, before you take this step, it’s essential to consider several factors. Let’s explore these factors and how they can impact your business. Assess Your Business’s Financial Health Before injecting cash […]

As a leader, it’s essential to ensure you are not relying on a few select team members to complete critical financial processes. While these employees may have substantial knowledge and skills within your organization, doing so increases your business’s key person knowledge risk, especially if these team members leave unexpectedly […]

Organizations that are continually growing face multiple challenges, including disparate communication systems, data management difficulties, consistent pivoting in processes, and more. Any growing business’s goal is to reduce these inefficiencies and create streamlined procedures while enhancing productivity across the company. Enterprise Resource Planning (ERP) can solve the above concerns. Primarily […]

When the idea of inflation is being mentioned nearly everywhere you turn, fear and confusion inherently follow. While many know that inflation means rising costs, they may not be fully aware of what it means for their business. It’s important to note that inflation can have significant and varying impacts […]