Financial Management

As a private business owner, you may find yourself in the fortunate position of having excess cash. This can be an exciting opportunity to strategically allocate your profits and optimize your business for long-term success. However, it’s important to approach this situation with careful consideration and planning. In this article, […]

Controlling costs and creating a realistic budget are essential to effective financial management for any business. By implementing cost control measures and developing an accurate budget, businesses can optimize their expenses, maximize profitability, and ensure long-term financial stability. This article will delve into the significance of controlling costs and budgeting, […]

Understanding the Valuation Process When initiating a valuation process, it’s crucial to have an explicit understanding of the three common methodologies used to value private businesses. These include the Income Approach, Market Approach, and Cost Approach. Income Approach The Income Approach values a business or asset based on its anticipated […]

Companies often require more working capital to finance their day-to-day operations as they grow. However, financial managers are constantly being asked to do more with less, making it important to track every payment, to know exactly what you owe, to whom, and when each payment is due. Understanding payment term […]

The product life cycle (PLC) is a concept that depicts the sales trend of a product from its introduction to its decline. Financial management plays a crucial role in each stage of the PLC, addressing the challenges and opportunities that arise. In this article, we will explore the importance of […]

Agile project development methodologies have revolutionized how organizations approach projects, emphasizing flexibility, collaboration, and iterative progress. While agile methodologies primarily focus on project management and development, the finance team ensures financial success and accountability. In this article, we explore how finance teams contribute to agile project development and the key […]

Understanding the distinction between margin and markup is crucial for successful business operations, especially when it comes to pricing strategies. This article delves into these two concepts, helping businesses to make informed decisions and maximize profitability. Introduction Margin and markup, while seemingly similar, are markedly different financial metrics. Each plays […]

In the fast-paced world of sales, success depends on data-driven decision-making and a deep understanding of key performance indicators (KPIs). By leveraging the right sales KPIs, organizations can optimize their sales strategies, track progress, and drive revenue growth. In this comprehensive guide, we will explore the importance of sales KPIs, […]

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 […]

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and net income are vital financial metrics used to assess a company’s profitability and financial performance. While they both provide insights into a company’s earnings, they differ in terms of the components considered and the purposes they serve. Understanding the differences between […]

Inflation is a critical factor that businesses and not-for-profit organizations must consider when making financial decisions. The expectations surrounding future inflation can significantly influence consumer behaviour, investment strategies, and overall economic stability. In this blog post, our accounting and finance team delves into the concept of managing inflation expectations and […]

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 […]

Planning for the future and making strategic decisions based on expected outcomes are vital to running a successful, profitable organization. Forecasting is one of the best tools businesses have to help them confidently make these strategic plans when preparing for the next fiscal year. However, many continue to face numerous […]

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 […]

Valentine’s Day is dedicated to expressing affection towards those special to us. For a little fun, we share six reasons you should show some love to your finance department this Valentine’s Day.  They keep the lights on.  The finance team is responsible for managing the financial health of a business. […]

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 […]

A lot can change over a year. Making sure you set aside time to sit down with your CFO and review your company’s past performance, finances, and future goals is crucial before entering a new year. Inside this blog, we’ve compiled our top 4 questions you should be asking during […]

How are you ensuring that your business has enough money to survive and grow? Furthermore, how do you know that you are spending your organization’s money in the best way possible? These are critical concerns that every organization faces. To be able to effectively answer these questions, you must have […]