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In Part 2 of this blog post I’ll take a look at two more KPIs that senior financial professionals can use to identify risk and address weaknesses through timely reporting and mitigation. As I stated in Part 1, “Financial executives who identify critical issues early on, and who then use the data from KPIs to...
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Key Performance Indicators (KPIs) measure value that can demonstrate how effectively a company is achieving key business objectives. Typically, KPIs are values that help business owners understand their company and how well it is achieving its business objectives. KPIs are initially established by the finance team, which develops KPIs to match the company’s needs. Different...
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Outsourcing is now a proven model allowing businesses to focus on their core activities thus improving opportunities for growth, increasing efficiency and effectiveness, and improving the bottom line. Within the past few years, there has been a significant increase in outsourced accounting functions including bookkeeping, controller functions, and CFO-level services. In this first LM CFO...
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