Maintaining a financially healthy business by understanding cash flow, generating revenue forecasts, and streamlining AR/AP is vital to the success of your cannabis operations. And when cannabis growers and processors begin to expand, it becomes even more crucial to have visibility into specific KPIs to protect the bottom line. In this blog, we outline the five…
The CFO sits in the sweet spot where finance meets strategic planning. They're perfectly positioned to fuel growth and meaningful, sustained change through digital investments. In this guide, we'll discuss six ways digital transformation has changed the CFO role, and what that means for companies moving forward.
Most companies today prepare some sort of financial budget. Budgets can be built at a very high level (Sales, cost of sales and expenses), or built-in detail (sales detail by type, expenses by department, capital spending, projects). Some companies also budget the Balance Sheet to be able to prepare budgeted cashflow statements. Company budget preparation…
The target date to release the 2022 Year End Update for Dynamics SL 2018 is the week of December 18, 2022. There is no Year End Update available from Microsoft for SL 2015 or SL 2011. The reported changes are: The year has been added to dynamically print on the form since the IRS removed…
Ensuring field service operations’ profitability is obviously essential to your long-term success. Easier said than done, though, right? Busy field service companies may not even realize until too late that a project is unprofitable. Other projects may have been doomed from the start. There are at least three keys to profitable field service operations: 1)…
Governing costs is a major concern when adopting cloud technologies. After all, who likes a surprise cloud bill? If you can’t explain an increase in your monthly cloud bill because you added new employees, acquired a company, or grew in another way, you need to get to the bottom of it before wasting thousands of…
If you purchase software licenses from Microsoft through an Enterprise Agreement, an important change is coming on June 30th. Pricing will match the upcoming New Commerce Experience (NCE) changes, a per-seat model for Microsoft 365, Dynamics 365, Windows 365, and Power Platform subscriptions. The major impact is on customers with 2,400 seats or fewer. You…
Professional services firms should always be watching their profit margins. This metric answers important questions about the health of your firm such as, whether projects are priced correctly, whether your business is growing at a sustainable rate, or whether you’re making money on each project. In this article, we’ll look at some of the ways…
We’ve all heard the age-old idiom, “A bad workman blames his tools.” But when it comes to working in a highly nuanced industry such as cannabis, the tools required to successfully run an airtight operation are crucial. To run a lean cannabis cultivation and processing operation, it is imperative to have a software solution that…
For professional services firms, inaccurate time-tracking processes cause serious damage to the bottom line and the business in general. See, when professionals fail to log billable hours accurately or turn their reports in on-time, it impacts the entire organization. It’s impossible to stay on top of capacity planning and resource management. Forecasts and decisions are…
