We live in difficult times. Inflation has hit a 40-year high, the stock market is fluctuating wildly and consumer confidence is low. Experts expect several quarters of negative growth and higher unemployment rates. For many businesses, survival is not a certainty. In a softening economy, businesses need to be especially vigilant in managing their finances, […]

There is no getting around it: a full-time, in-house CFO is a prohibitively expensive resource for most small and early-stage businesses. So the founder assumes responsibility for managing the company’s strategic financial challenges, and a finance manager (or external bookkeeping firm) keeps the IRS happy as well as getting the invoices issued and the bills […]

For life sciences companies, securing capital is just the start of the race not the finish line. Managing the rate at which you deplete the cash pool is key to sustainable growth. Life sciences and biotech companies can rise or fall depending on their clinical trial results. The sector is filled with small-cap companies working […]

Between the complex pandemic emergency measures and problems with accessing essential technology from home, the payroll function has had a tough year. Here’s how it’s shaping up in the new normal. As an HR, finance or business leader, you are responsible for making sure that everyone is paid correctly and on time. Even one error […]

Thanks to technology, it is no longer necessary to hire an in-house team, or even an in-person team. From bookkeeper to CFO, you can get all the financial expertise you need to accelerate your business – virtually, yet on refreshingly human terms.   Businesses of all shapes and sizes need to keep costs to a minimum and […]

A well-prepared budget is the engine for successful strategic planning. In times of unprecedented uncertainty, it’s even more important to get the process right.  One of the first things you learn in business school is that a detailed and realistic budget is one of the most important tools for running a business. This document is […]

Liquidity problems can rob anyone of sleep. Whenever we get calls from business owners asking us for help, they most often are concerned about cash flow. They may describe it in different terms – expenses are up, margins are off, clients are not paying on time – but in the end, what they're talking about is […]

Not very long ago, companies would access business software by paying significant up-front fees for the purchase of a perpetual license. They then had to buy the hardware on which to install the software, hire staff to run the software, and pay software maintenance contracts each and every year. All in, this was a massive […]