Finance & Accounting

Replacing Accountants Is More Expensive Than You Expect

Posted: August 19, 2019 - Blog, Finance & Accounting

In a recent post, we explored the challenges of recruiting and retaining accounting talent right now. Demand for qualified accountants is extremely high at the same time that supply is low and attitudes about company loyalty are changing. As a result, it’s almost certain that finance departments will contend with losses in coming years. Acknowledging Read More

Optimize Your Understanding With Outsourced Accounting

Posted: August 19, 2019 - Finance & Accounting

Accounting data is both a tremendous resource and a constant obstacle. It’s valuable because it reveals a company’s strengths, weaknesses, opportunities, and threats in unparalleled detail. Yet it’s challenging because analyzing huge amounts of accounting data takes experience, expertise, and lots of input. The result is that many companies want to do more with their Read More

CDH Accounting Services Provide On-Demand Expertise

Posted: August 19, 2019 - Blog, Finance & Accounting

  There are two sides to accounting. On one side there are the routine processes, things like payroll that happen the same way over and over. On the other side are business opportunities that accounting enables, dynamic forces that change constantly. Most companies learn how to put their average accounting processes on autopilot, often by Read More

The Undeniable Power of Business Intelligence

Posted: August 19, 2019 - Blog, Executive Focus

Business Intelligence (BI) is the accumulation, analysis, reporting, budgeting & presentation of your business data. BI can help your business improve operations and your financial position.  Ultimately, when used with software it can help a company with strategic and tactical business decisions.  BI doesn’t give you the answers to a problem, it is descriptive type of analysis. This Read More

The Cost Advantage of Outsourcing Runs Deeper Than You Think

Posted: August 19, 2019 - Blog, Finance & Accounting

Cost savings are one of the most widely cited reasons for adopting outsourced services. And while it’s true that outsourcing can help to minimize certain budget items, it’s overall effect on financial health is much bigger than that. In the best cases, outsourcing helps companies save money now, drive revenue later, and build a competitive Read More

Outsourcing – Is it a Dirty Word?

Posted: August 19, 2019 - Blog, Finance & Accounting

              The word outsourcing conjures up a lot of negative images, especially for small business owners. It suggests job cuts, loss of control, and lack of transparency. According to popular thinking, businesses that outsource are either extremely ruthless or especially desperate. And, because of that perception, a lot of Read More

When You Can’t Find Talent, Outsourcing is Ideal

Posted: August 19, 2019 - Blog, Finance & Accounting

                  Professionals change jobs for lots of reasons – better pay, different office environment, new city, larger role etc. What’s important to note is that professionals are changing jobs more often than ever before. A recent survey showed that 64% of professionals strongly consider a job change Read More

What Goes Up, Must Eventually Come Down

Posted: August 19, 2019 - Blog, Executive Focus

With 24/7 media coverage and so many choices to gather information we are not lacking for options when trying to forecast economic activity.  The largest discrepancy in these forecasts is the timing of the next recession.  We are in the midst of the longest running growth period and as we all know business is cyclical Read More

How to Use Technology to Streamline Back-Office Operations

Posted: August 19, 2019 - Blog, Finance & Accounting

  A recent survey showed that 70% of companies are either pursuing digital transformation or planning to soon. What’s digital transformation? It’s when companies rely on integrated technologies to automate or upgrade everything they do – including accounting. Using one data-driven platform to handle every aspect of accounting allows companies to streamline their entire back-office Read More