Using Data Analytics to Make the Leap From a $10 Million to $50 Million Company
In essence: Data is the most important resource in the world economy, and it may help small firms develop significantly. Organizations can collect data about their operations and evaluate it to improve decision-making by making minor changes to the existing business processes. Business executives assess the findings after the procedure is complete using good human… Continue reading Using Data Analytics to Make the Leap From a $10 Million to $50 Million Company
How to Find the Right Suppliers … and Manage Your Increasingly Intricate Supply Chain
In essence: Leaders must understand when a project requires a cost/benefit analysis versus a ROI assessment. The CFO is typically consulted before making a financial request, although business owners occasionally receive direct pitches. Here’s how you convince both leaders of anything. CFOs: Why are my pitches so bad? Provide these instructions to your coworkers at… Continue reading How to Find the Right Suppliers … and Manage Your Increasingly Intricate Supply Chain
Building a Data-Driven Budget Pitch the C-Suite Can’t Refuse
In essence: Leaders must understand when a project requires a cost/benefit analysis versus a ROI assessment. The CFO is typically consulted before making a financial request, although business owners occasionally receive direct pitches. Here’s how you convince both leaders of anything. CFOs: Why are my pitches so bad? Provide these instructions to your coworkers at… Continue reading Building a Data-Driven Budget Pitch the C-Suite Can’t Refuse
5 Ways to Improve Your Workforce Planning with EOXS ERP
The leadership of a company must consistently pay attention to its personnel, which is typically the largest expense on its income statement. But, given the current climate of a tight labour market, rising inflation, and economic uncertainty, workforce planning is even more crucial. The process of ensuring a company has the right people, with the… Continue reading 5 Ways to Improve Your Workforce Planning with EOXS ERP
Making the Case for the CFO as the Chief Data Officer
In essence: What new benefits can the finance team offer the company as finance becomes more automated? Author and CFO Glenn Hopper contends that the CFO has the capacity to take on the role of chief data officer, transforming their division into a powerhouse in data analytics and evolving into a more strategic business partner.… Continue reading Making the Case for the CFO as the Chief Data Officer
The Entrepreneur’s Guide to Financial Planning & Analysis
In essence: As your business expands, you have probably been doing financial planning and analysis (FP&A) all along. The moment has come to formally define that role. What comes first on the agenda? Think about the macro. Use and improve your predictive model frequently once you’ve built one. Don’t be afraid to make mistakes since,… Continue reading The Entrepreneur’s Guide to Financial Planning & Analysis
6 Tactics to Improve Unit Margins
In essence: The unfavourable position of “the profit police” may fall to CFOs. Although difficult, it must be done by someone. Runways are determined, and recovery options are ranked according to likelihood. Finance teams can assess if an investment that was profitable before the pandemic is still profitable. Your business receives the gift of breathing… Continue reading 6 Tactics to Improve Unit Margins
Selling the C-Suite on Financial Innovation
In essence: At a time when businesses are making cuts and trying to save money, CFOs are arguing for the need for additional finance technology. Finance leads might need assistance convincing their sceptic colleagues because they are used to being on the other side of the pitch. Focus on ROI, profitability, efficiency, and customer service… Continue reading Selling the C-Suite on Financial Innovation
Steel CFOs’ Toughest Challenges
The chief financial officers are quite busy. The majority of CFOs are overworked as a result of the role’s expansion beyond financial tasks to include strategic responsibility across the firm. CFOs have faced some of their most difficult tests to date after closing the books on the exceptional year that was 2020. The following list… Continue reading Steel CFOs’ Toughest Challenges
Corrosion Resistance: Aluminum vs Stainless
Corrosion resistance is a crucial issue to think about when choosing materials for projects. Aluminum and stainless steel are two common materials to pick from, each with certain advantages and disadvantages in terms of corrosion resistance. The differences between aluminium and stainless steel and how they compare in terms of corrosion resistance are covered in… Continue reading Corrosion Resistance: Aluminum vs Stainless
