metric of the month Archives - CFO

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

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

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

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

Prevent Customers from Going Delinquent

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

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

How to Lower Total Payroll Costs: Metric of the Month

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

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

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

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

How Many of Your Primary Controls Are Preventive?

Risk & Compliance

How Many of Your Primary Controls Are Preventive?

Fraud detection is good. Preventing fraud in the first place is even better.

By Perry D. Wiggins | September 1, 2021

Metric of the Month: Personnel Cost of Finance

Metric of the Month: Personnel Cost of Finance

Labor costs are on the rise. Here’s what you can do to help get the most from your investment.

By Perry D. Wiggins, CPA | July 6, 2021

Assessing Cyber Risk: Metric of the Month

Risk Management

Assessing Cyber Risk: Metric of the Month

Your organization is almost guaranteed to be hit by a cyberattack at some point. Is your business ready?

By Perry D. Wiggins, CPA | June 1, 2021

Metric of the Month: Total Cost to Process T&E Reimbursements

Expense Management

Metric of the Month: Total Cost to Process T&E Reimbursements

Travel is ramping back up — make sure your travel and entertainment reimbursement process is ready for it.

By Perry D. Wiggins, CPA | May 3, 2021

Total Cost to Manage Taxes: Metric of the Month

Total Cost to Manage Taxes: Metric of the Month

Smart investments in tax strategy and tax processes can pay off big down the road.

By Perry D. Wiggins, CPA | April 1, 2021

Metric of the Month: Invoices Billed to Customers With Credit Terms

Working Capital

Metric of the Month: Invoices Billed to Customers With Credit Terms

Credit carries risk, but smart credit policies help the business grow.

By Perry D. Wiggins, CPA | March 1, 2021

Producing Management Reports Faster: Metric of the Month

Management Accounting

Producing Management Reports Faster: Metric of the Month

Roll up your sleeves and get elbow to elbow with your finance team for a faster cycle time.

By Perry D. Wiggins, CPA | January 4, 2021