“We are drowning in information, while starving for wisdom. The world henceforth will be run by synthesizers, people able to put together the right information at the right time, think critically about it, and make important choices wisely.” ~ E. O. Wilson According to the most recently projected (ca. 2020) Statista estimates*, the world will see […]
Managing segregation of duties (SoD) is essential. This key internal control is necessary for reducing the risk of financial errors and fraud, but it’s also one of the most difficult to implement and maintain without a sound strategy. When the time comes for SoD reviews, particularly when an ERP system is involved, accounting organizations often […]
In a 2022 global survey of the Most Transparent Countries*, participants rated the 78 nations assessed according to several measures, including transparent business and government practices, well-distributed political power, and trust and corruption. Finland was ranked first — not surprising for a country with an annual practice of radical civic transparency, when on November 1st […]
Like many organizations nowadays, your business might be having trouble finding the right people to be able to thrive and grow: recruiting—and retaining—high-quality talent in today’s labor market is challenging. According to a recent comprehensive HR trends study by Gartner*, almost half of HR leaders surveyed reported that recruiting is a top priority for their […]
Keeping data safe is a key responsibility for everyone within a company—but perhaps especially in the financial organization, which deals with a company’s most sensitive data. Financial information in the wrong hands can, of course, financially harm a company and hurt its reputation. Data security in accounting is a regular, ongoing concern with risks that […]
Potentially messy and often time-consuming, any type of audit can be a distraction to the core finance and accounting team. Outsourced audit support services experts make the experience less onerous and less stressful, while preparing the company for the audit and being there throughout the entire process, as needed. By bringing in expertise they do […]
Startup corporate governance is not at the very top of every company’s priority list, and it’s understandable why: Developing the product, establishing a new brand, hiring employees, gaining traction in the marketplace often take precedence over establishing the innerworkings of the company—even though doing so can lead to improved efficiencies and minimize the risk of […]
A 2021 MIT Sloan Management Review/Glassdoor Culture 500 index found that 97% of employees rate coffee as a top workplace perk*. But a complimentary corporate caffeine kick is just one small part of the big culture picture. With 2023 so far seeing ongoing economic uncertainty and continued workplace transformation being top of executives’ minds, let’s […]
Chances are, you are passionate about your company and its growth prospects, and you think everyone else should be too. Companies embarking on their first round of pitches to investors go in with this attitude and may be surprised when investors don’t say immediately yes. The roadblock in between winning over investors often lies in […]
There’s perhaps no worse feeling of dread than being short on cash. Even worse than not being able to cover the check at a restaurant is not being able to pay next week’s payroll or meet loan obligations. For companies facing a real liquidity risk, there are proactive steps and liquidity risk mitigation strategies to […]
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