CFO Services Best Practices: Before you begin shopping around, consider what your company's needs actually are. How do you want to benefit from a fractional CFO? How much communication do you want… If your engineering firm is growing, however, or you have plans for growth or other changes...
If you’re looking for general cleaning help only, then a professional housekeeping company may be the best option for you. These companies typically charge by the hour and offer a variety of services such as vacuuming, mopping, dusting, and sweeping. They also often provide thorough cleanup af...
although all banks have mobile apps and web pages designed for business clients, these are often one-size-fits-all platforms that do not adequately address the needs of large corporates or offer the functionality that company decision makers want. Leading banks have ...
2. Understand How Clients Want to Pay To increase the likelihood ofreceiving invoice payments on time, get a better understanding of how your clients want to pay you. Be as flexible as you can, within reason. Offer multiple payment methods, like checks, PayPal,creditcards, and cash. Do som...
As the idiom goes, you’ve got to spend money to make money. But to give your company a better chance of turning a profit at an acceptable margin, the CFO’s office needs to keep a close eye on where that money is being spent. Business expenses can include many costs such as office...
Read MoreRead Less About this article EY Global Ernst & Young Global Ltd. Related topics Assurance Private Client Audit CFO agenda Financial accounting advisory services Future of corporate reporting Facebook Twitter LinkedIn
A business will only succeed if it sells something people want or need to buy. As you describe the products or services you will offer, make sure to explain what benefits they will provide to your target customers, how they will differ from competing offerings and what the buying cycle will...
While there are some laws around the amount you can charge, the other details are entirely up to you. You can decide whether to offer a grace period for first-time late payments, if you charge a flat fee or a recurring percentage fee, and how your overall late fee payment process will...
AI finance tools offer substantive benefits for businesses. But effective adoption is about more than the tool itself. For CFOs to bring the C-suite, finance teams, and customers on board, they need to consider their audience and craft messaging that addresses concerns, highlights benefits, and ...
Perhaps you can convince your advisor to agree to lower their cost. There is that balance between charging so much that it drives away business and charging so little that their services don’t appear to be valuable. Let’s examine what advisors are usually paid, what bang you can expect f...