metric of the month
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: 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: 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.
The Real Cost of Invoicing: Metric of the Month
Invoicing can be an expensive process that involves intensive manual data entry, revisions, approvals, and bookkeeping.
Metric of the Month: Days Sales Outstanding
Collections are key to a low days sales outstanding (DSO) number — and the faster the money comes in, the more breathing room an organization has.
Metric of the Month: Shared Services
The best-performing shared services centers (SSCs) accomplish more work with fewer employees.
Metric of the Month: Cycle Time for Monthly Close
There’s one big factor that’s key to shaving time off of this monthly process: good quality data.
Metric of the Month: Hurricane-Proof Accounts Receivable
Solid AR practices and automated processing can help an organization weather any storm.