We hope you enjoy this guest blog, an excerpt from the “CFO Guide to Strategy Execution” by Jennifer Eversole, CPA, Co-Founder & Partner, Management Stack, LLC. To read the full article please click here. After almost 20 years, I have learned more than I ever imagined I could from my experiences in the business world,…    Read More

Replacing lost talent is a challenge…to say the least. It costs employers and managers an extraordinary amount of time, resources, and energy when an employee jumps ship. We’re talking lost productivity, overworked remaining staff, lower overall morale, and lost knowledge – plus recruiting, interviewing, and training costs. According to Hay Group senior principal Mark Royal,…    Read More

“The way to gain a good reputation is to endeavor to be what you desire to appear.”– Socrates A reputation is something you build. Which means that all companies have choice about how they want to be seen, and that’s pretty empowering. When your team sits down and talks about the kind of company you…    Read More

  When is it the right time to move to a purpose-built budgeting, forecasting and reporting solution – and why? Lots of organizations “make-do” year over year with their current budgeting approach (Excel, ERP, etc.) At XLerant we often hear the question – “When is it the right time to invest in a dedicated, cloud-based…    Read More

Organizations normally want their department heads to hit some targeted expense number in the budget process. They set corporate guidelines and ask each department to stay within those guidelines. But sometimes, individual departments have ideas, programs, activities or initiatives that they would like to propose that fall outside of the “standard” guidelines. These initiatives could…    Read More

Many people feel that “budgeting is budgeting” regardless of the organization that you are in. That is not always the case. Effective and more precise budgeting is far more essential in an organization with slim margins and/or organizations that need to carefully manage cash. There is no industry where this is truer than a NFP….    Read More

While CTO’s have always been very busy people, these days the job is even more taxing with constantly evolving software, technology platforms, and now the introduction of cloud computing. That said, there is one application area that has slipped outside the boundaries of the CTO sphere of influence. This application has become mission critical and…    Read More

The CFO job is a tough one. There are a plethora of ideas that need to get funded…and most are very good ideas. How do CFO’s make critical decisions in their organizations? The common mistake is thinking is that a CFO will make decisions on cost. The truth is that a good CFO will never…    Read More

“Collaborative Budgeting” is a hot concept in higher education. It is the process of gaining more participation in and ownership of the budget by faculty and staff department heads, providing more transparency to the budget and showing how the department heads will support the institutional strategy as opposed to simply budgeting to history or politics….    Read More

The following article draws from, and expands on, an article entitled “How CFO’s Have Evolved From Bookkeeping into Corporate Leaders” by David Dewolf The CFO’s role is changing for the good. A recent Entrepreneur article by David DeWolf, captured the essence of this new kind of leader. The days of old CFO’s who try to…    Read More