metric of the month

Number of Finance FTEs Benchmarks AR Efficiency: Metric of the Month
Staffing

Number of Finance FTEs Benchmarks AR Efficiency: Metric of the Month

Standardized and digitized processes are important to keep your accounts receivable employee headcount as low as reasonably possible.
By Perry D. Wiggins | March 1, 2023
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5 Ways to Speed Up the Year-End Close: Metric of the Month
Accounting

5 Ways to Speed Up the Year-End Close: Metric of the Month

The fastest finance teams perform annual close activities throughout the year to complete the task in 10 days or less.
By Perry D. Wiggins | February 8, 2023
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Cycle Time for Short-Term Cash Forecasting: Metric of the Month
Forecasting

Cycle Time for Short-Term Cash Forecasting: Metric of the Month

An efficient short-term forecasting process helps CFOs save time and make better decisions when disruption hits.
By Perry D. Wiggins | January 3, 2023
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Too Many ERP Systems Are a Bad Thing: Metric of the Month
Technology

Too Many ERP Systems Are a Bad Thing: Metric of the Month

Excess enterprise resource planning systems will drain efficiency from your finance shared services center.
By Perry D. Wiggins | November 2, 2022
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Top Performers Automate 40% of Primary Controls: Metric of the Month
Technology

Top Performers Automate 40% of Primary Controls: Metric of the Month

Automation can process more internal controls data in less time and with greater accuracy.
By Perry D. Wiggins | September 7, 2022
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Top Organizations Record Accounts Payable Cycle Time in 2.8 Days: Metric of the Month
Payments

Top Organizations Record Accounts Payable Cycle Time in 2.8 Days: Metric of the Month

Collaboration across silos helps AP go from "invoice received" to "scheduled for payment" faster.
By Perry D. Wiggins | August 3, 2022
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Best Organizations Report Consolidated Financials in 4 Days: Metric of the Month
Financial Reporting

Best Organizations Report Consolidated Financials in 4 Days: Metric of the Month

Monthly consolidated financials need to be prepared within a few days to be of use to operational leaders.
By Perry D. Wiggins | July 6, 2022
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Fixing Invoice Errors Shouldn’t Take a Week: Metric of the Month
Working Capital

Fixing Invoice Errors Shouldn’t Take a Week: Metric of the Month

Invoicing mistakes waste time and lead to delays in customer payments.
By Perry D. Wiggins | June 1, 2022
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Metric of the Month: The Cost of a Shared Services Center
Strategy

Metric of the Month: The Cost of a Shared Services Center

Process management, well-trained staff, and the right technology investments keep shared services costs low.
By Perry D. Wiggins | April 4, 2022
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Metric of the Month: Return On Invested Capital
Credit & Capital

Metric of the Month: Return On Invested Capital

It’s time to rethink those investments that won't earn high returns on capital in a post-COVID business landscape.
By Perry D. Wiggins, CPA | March 2, 2022
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Prevent Customers from Going Delinquent
Credit

Prevent Customers from Going Delinquent

At the median, companies have 15% of active customer accounts delinquent at any time during the year, according to APQC's Metric of the Month.
By Perry D. Wiggins, CPA | February 2, 2022
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Do You Spend Enough Time Assessing Strategic Risks?
Risk & Compliance

Do You Spend Enough Time Assessing Strategic Risks?

Devote more time to strategic risk management and you won’t be caught completely unprepared.
By Perry D. Wiggins, C.P.A. | January 26, 2022
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How to Lower Total Payroll Costs: Metric of the Month
Strategy

How to Lower Total Payroll Costs: Metric of the Month

Are there ways your organization could be saving money with better payroll processes and delivery models?
By Perry D. Wiggins, CPA | December 6, 2021
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Cycle Time to Complete the Annual Budget: Metric of the Month
Corporate Finance

Cycle Time to Complete the Annual Budget: Metric of the Month

A shorter time frame, open communications, and financial diplomacy all enable a smoother and faster annual budgeting process.
By Perry D. Wiggins, CPA | November 1, 2021
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Metric of the Month: Average Tenure of FP&A Employees
Staffing

Metric of the Month: Average Tenure of FP&A Employees

Experienced FP&A employees help make the budgeting process seamless. Here’s what can you do to ensure that your FP&A team members stick around longer.
By Perry D. Wiggins, CPA | October 4, 2021
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