(This story originally appeared in Manufacturing Dive) By Chris Delaney When it comes to managing their business, manufacturers need much more than historical financials to project their future revenue, profitability and liquidity. Historic numbers simply capture what has happened in the past—but traditionally do a poor job predicting where a company will be in the… Continue reading Short-List KPIs: Why Manufacturers Need More Than Historic Data
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5 Ways Sellers Get Their Worth
You have spent most of your life building a successful business—but now it’s time to exit. In the midsize market, unfortunately, buyers have the advantage in mergers and acquisitions. Let’s face it: they tend to be serial buyers and practice tends to make perfect. On the other hand, if you are selling your business, you’ll… Continue reading 5 Ways Sellers Get Their Worth
In the News: 5 Ways to Upgrade Your Finance Team
Tim Jung, a director at CFO Consulting Partners, was recently featured on CFO.com describing the key steps needed to upgrade your finance team, keeping the growing pains to a minimum. Too many companies believe the finance and accounting arm just somehow works like gravity, but without an upgrade to the next level, everything will eventually… Continue reading In the News: 5 Ways to Upgrade Your Finance Team
Resolving FP&A Emergency (Publicly Traded Community Bank)
Industry: Midsized, Publicly Traded Community Bank (Financial Services) Client Overview A community bank experienced employee turnover in the Finance Department, resulting in the loss of a resource capable of using a software-based automated budget integrated with their reporting applications. Challenge The board of directors and regulators required an annual budget update, although the existing Finance… Continue reading Resolving FP&A Emergency (Publicly Traded Community Bank)
We Support Opening Balance Sheet Acquisition Accounting
We launched a new practice to support our clients with accounting for acquisitions. When an existing business acquires a new entity, there is an inordinate amount of work to be done, which may be overwhelming for the acquirer and a conflict of interest for its accounting firm. That is where we come in. We perform… Continue reading We Support Opening Balance Sheet Acquisition Accounting
How CFOs Upgrade Finance Team to Prep for Private Equity Resell
(An excerpt of this story appeared in CFO.com.) By Tim Jung A private equity firm just bought your promising firm with high hopes. You estimate that the company will be sold again for a much higher margin within 60 months. But your finance team has trouble closing the books in a timely manner. So, what… Continue reading How CFOs Upgrade Finance Team to Prep for Private Equity Resell