Set the Stage for Successful Private Equity Investment
How to Set the Stage for Successful Private Equity Investment The record-breaking surge of dealmaking and private equity we saw in 2020 and 2021 has slowed. Over the second half of 2022 and into the early months of 2023 inflation and rising interest rates have created economic uncertainty, making it more difficult for mid-market businesses to attract funding. That’s not to say funding isn’t available, however. At this point, the long-term outlook for private equity investment remains favorable. There is still private capital available for quality companies that can demonstrate consistent growth and increasing value over time. The key to securing that funding is preparation. Investors want to see thorough, detailed financial reports, strong leadership, and solid projections. They want to know that the investment will generate robust returns and that the company has excellent long-term growth potential. The good news is that there are clear steps companies can take…
Unlock Growth Potential with Outsourcing
6 Ways to Unlock Growth Potential with Outsourcing If you had to choose between hiring an experienced CFO to spearhead financial strategy or a team of skilled people to execute daily tasks, which would you choose? It’s an impossible question because both are necessary for successful growth. Unfortunately, limited budgets and steep hiring costs often force founders to struggle along without the full team they need to meet their needs. The traditional approach to solving this problem is to hire linearly, filling one role at a time as resources become available. But there are several problems with that approach: It’s expensive. – On average, companies spend $4,700 to recruit and hire a new employee. That doesn’t include soft costs like time investment and opportunity costs, and it also doesn’t include the new employee’s salary, benefits, or ramp-up time. When you add it all up, you can expect total hiring costs…
Is Your Finance Function Healthy?
Evaluate People, Processes, and Systems to Drive Growth Feeling pressured by the uncertainty of the economy? You’re not alone. Questions about inflation, interest rates, and market dynamics have contributed to unpredictable financial impacts for companies in every industry. To keep your growth strategy on track, you’ll need a rock solid financial strategy that can absorb market fluctuations and pivot quickly when necessary. Given the importance of the finance function to the success of your company, it’s essential to conduct regular financial health checks that evaluate effectiveness, value creation, and leadership. Here’s what you need to know. What Should You Look For? Just as you go to the doctor for an annual physical to ensure your personal health and wellbeing, your finance function also needs a periodic “checkup” to make sure everything is functioning at its full potential. The goal of these financial health checks is three-fold: Ensure Alignment – Financially…
Cohesion through Data Automation
Breaking Down Silos: The Game-Changing Power of Data Automation How many hours does it take to pull, consolidate, cleanse and analyze your data? It’s a mind-boggling question. In 2022, a study by NewVantage Partners found that 97% of organizations are investing in data initiatives, but only 26.5% said they had already created a data-driven culture. That means most businesses still have a long way to go when it comes to leveraging strategic data. Businesses invest hundreds of work hours on data management. Despite these efforts, many companies still have to deal with lengthy, error-prone processes, stale data, systems that can’t talk to each other, and lack of synergy between departments. Inefficiencies and lack of data visibility results in lost time, resources, productivity, and ROI. But it doesn’t have to be that way. How Data Automation Bridges the Gap The solution to these problems is better data management through automation. Data…
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