CFO Insights

A Look at the Trump Tariffs and Their Financial Impact on International Supply Chains

Aug 9, 2018 9:03:00 AM / by June Perlovich posted in Financial Reporting & Accounting, Business Advisory

Since the Trump tariffs started early this year, companies with global supply chains have been working to understand and manage the real-world impact.

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Concur & Expense Management Systems: From the Implementation Trenches

Jul 26, 2018 8:41:00 AM / by Ellen Vayner posted in Financial Systems

At 8020 Consulting, we’ve worked with a variety of companies that want more visibility and greater control of their expenses. Those companies might start with obvious questions:

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Sell-Side Due Diligence: Best Practices for Target Entities

Jul 19, 2018 11:02:00 AM / by Jorge Lopez posted in M&A Due Diligence and Transaction Support

 

While M&A transactions can be daunting tasks for both buyers and sellers, generally the management of the seller (i.e., the “Target”) faces the most stressful phase of the process: the initial financial due diligence.

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The Unnecessary Risk of Poor Accounting Process Documentation

Jul 11, 2018 9:07:00 AM / by Kim Gatewood posted in Financial Reporting & Accounting

Written documentation of accounting procedures is often given a low priority in the accounting department. Many companies have seasoned employees, who may not need step-by-step directions to complete the monthly close process, prepare account analysis, or complete account reconciliations. In the interest of completing other business-critical tasks, they push updating written procedures to the back burner.

And they drastically increase their risk should a key employee abruptly leave.

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How Hiring Financial Due Diligence Professionals Helps Close Deals

Jun 18, 2018 10:51:00 AM / by David Lewis posted in M&A Due Diligence and Transaction Support

Many owners dream of growing scalable businesses and have worked hard to achieve “optimal readiness.” Now there’s an offer on the table. This is the moment to rally the finance and accounting teams and round-up the typical A-Team transactional advisors, including the investment bankers, CPAs, M&A attorneys, and tax specialists.

 

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Notes from the Field: Finance in Entertainment Startups

Jun 11, 2018 9:09:00 AM / by June Perlovich posted in Financial Reporting & Accounting, Entertainment Finance

Years ago, I led the financial team at Overture Films. Overture was imagined and run as a filmmaker-friendly studio, and it was built by experienced executives from the MGM of yore. It ran similar to a startup in that we operated lean, independently, and flexibly, but as a subsidiary of Liberty Media, we had the benefits of access to capital.

In reflecting on my experience, I can’t stress enough that finance needs to be a business partner within the organization, especially for entertainment startups, in order to achieve and sustain business growth.

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Be Audit Smart: Best Practices for Your First Financial Audit

Jun 4, 2018 7:58:00 AM / by Laurie Lee posted in Financial Planning & Analysis, Internal Controls, Financial Reporting & Accounting

Preparing for your first financial statement audit can be a daunting and nerve-wrecking task. Some companies often don’t know where to begin, so they spend countless hours preparing things that are not applicable for the audit and put unnecessary strain on their time and resources. If your company is not properly prepared, your first financial audit can be a very arduous and expensive task.

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Follow These Data Best Practices When Switching to NetSuite

May 2, 2018 9:17:00 AM / by Adam Fox posted in Financial Systems

Even if you’ve done your shopping and selected NetSuite as your preferred Enterprise Resource Planning (ERP) platform, it’s likely you still have concerns about migrating your data from your current systems into the cloud. We’ve worked with a lot of companies through the migration process, and we want to share some best practices we’ve picked up along the way. Let’s cover what you should consider when switching to NetSuite.

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Distribution Finance in Entertainment: 3 Tips for Better Deal-Making

Mar 6, 2018 9:02:00 AM / by 8020 Consulting Staff Writer posted in Entertainment Finance

Distribution finance in entertainment is about quantifying and maximizing the value of opportunities. Sounds straightforward enough, but in a field so complex and fluid, it’s not always easy to stay ahead of the knowledge curve. Distribution deal-making can be a particularly thorny area, with even seemingly small decisions having dramatic effects on profits. How can content producers work with their distribution teams to build the most effective deals possible – and get buyers interested?

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How to Think About Automating Financial Processes With NetSuite

Feb 20, 2018 9:06:00 AM / by Adam Fox posted in Financial Systems

NetSuite’s flexibility and wide range of capabilities have contributed to its increasing popularity as an Enterprise Resource Planning (ERP) platform. If you’re interested in automating financial processes with NetSuite, but aren’t quite sure how to get started, here are a few big ideas to consider.

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