Perry D. Wiggins, CPA
Metric of the Month: Formal Succession Planning Lacking
Proper succession planning at all levels ensures strong bench strength in finance and other areas.
Metric of the Month: Percentage of Approved Capital Projects Considered Within or On Budget
The visible and hidden costs of over-budget capital projects can cause issues for organizations, but agile approaches can help.
Metric of the Month: Number of Accounts in the Chart of Accounts
An unwieldy chart of accounts can cause significant headaches for chief financial officers.
Metric of the Month: Establishing the Daily Cash Position
Establishing a daily cash position can be a labor-intensive process for some organizations — but it doesn’t have to be.
Metric of the Month: Finance FTEs Per $1B in Revenue
More finance organizations are finding that it’s better to have a smaller, highly strategic team than an army of workers focused on transactional activity.
Metric of the Month: Business Entity Revenue Per Employee
Employee productivity is closely linked to organizational revenue. But how much revenue should each employee be expected to generate?
Metric of the Month: Automated Primary Controls
Automation can process more internal controls data in less time, with greater accuracy, pinpointing suspicious activity that manual auditing might miss.
Metric of the Month: Cycle Time to Prepare the Financial Forecast
Getting accurate information in a timely fashion is the difference between getting caught in a storm and being prepared for whatever conditions lie ahead.
Metric of the Month: Learning Days Per Employee
Investing in employees’ ongoing learning helps organizations attract, retain, and develop new and high-potential talent.
Metric of the Month: Number of Budget Versions
How many revisions should it really take to finalize an enterprise-wide budget?
Metric of the Month: Uncollectible Balances
If your organization is proud of maintaining a very low rate of uncollectibles, you may want to take a harder look at the books.