Improve Profitability

Have you ever considered the cost of paper to your business?

Posted on July 20, 2012 in Blog ,Improve Profitability by

The amount of paper used by businesses today is staggering. While the movement towards a paperless office has picked up over the past decade, there are still many ways you can reduce paper consumption. The reality is: often paperless is truly just less paper, but it doesn’t have to be that way.  While the environmental impact of paper is fairly well known, just how much is that paper sitting around your office actually costing you? Reduce.org has some great information on this but some of the more surprising […]

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Integrated Systems Next Step; Single System

Posted on July 14, 2012 in Blog ,Business Process Improvement ,Improve Profitability by

For years, industry and analysts have been touting the benefits of integrated systems that would improve the decision-making process by taking information from disparate functions and processes and organizing it efficiently. Strides continue to be made in driving efficiencies throughout the organization through just this sort of thought: Inventory and purchasing systems, payroll and HR systems, HVAC and fire systems, door entry and VOIP systems all coming together in solutions that drive productivity by correlating the data that these formerly disparate systems generated. The industry […]

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The Importance of Project Accounting in Professional Services Organizations

Posted on July 14, 2012 in Blog ,Change Management ,Improve Profitability by

Project Accounting, sometimes referred to as job cost accounting, is the practice of creating financials specifically to track the financial progress of projects.  Project Accounting enables the professional services organization to monitor the progress of their projects from a financial position, separately from standard organizational accounting such as by departments, divisions or by company, which are tracked over time periods, typically weeks, months, quarters or years.  Projects frequently cross these boundaries as they may last from a few days to years. Most companies invest a […]

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How to Use Software to Help Weather the Economic Downturn

Posted on July 13, 2012 in Blog ,Improve Profitability by

Focus on “Faster and Better”. Every asset, machine, tool and person you have must be accountable and cycle more quickly. Your business cannot survive unless you know where your resources are and how they can be used efficiently. Imagine being able to view where your people and equipment are at any moment so that you can plan to intelligently dispatch them to the next job. Take a Proactive Approach. Under normal circumstances a business owner will review financial information, overhead and direct operating margin at […]

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Job Costing Software is Key to Construction Profits

Posted on July 13, 2012 in Blog ,Improve Profitability by

Even in the best of economies more contractors go belly up than not. Knowing this, many builders reason that the best solution for dealing with risk is to keep their business modest. And yet, many fail. Nonetheless, for every failure, there is a success. What separates the winners from the losers? Job Costing software and best practices. Using job costing software is a lot easier than most trade pros believe it to be. The Small Business Administration study that established how risky the construction industry […]

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Gaining an Edge: Don’t Tolerate Slow Financial Processes

Posted on July 13, 2012 in Blog ,Improve Profitability ,Q360 by

++Referenced from Big Fat Finance Blog++ Mary Driscoll December 20th, 2010 The never-ending pursuit of cost reduction in financial management operations is all well and good — but do not overlook the negative impacts of slow process cycle times. APQC research conducted during the fourth quarter of 2010 points to renewed enthusiasm among CFOs and controllers for investing in financial process improvement, with another round of cost elimination being the primary goal. Particularly in the area of accounts payable, we see large organizations taking steps […]

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Five New Management Metrics You Need To Know

Posted on July 13, 2012 in Blog ,Improve Profitability by

Sometimes we focus too much on traditional metrics, here is a great post on non financial measurements…. This is a guest post from James Slavet of venture firm Greylock Partners. Slavet’s investments include Coupons.com, Groupon, One Kings Lane and Redfin. Greylock Partners has invested in Facebook, LinkedIn and Pandora.. After years of leading teams and then, at Greylock, watching some of the best startup CEOs in the world, I’ve learned that the most important metrics are often ones you never read about on the income […]

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