We all know the famous Einstein formula e=mc² ; but do you know that e=mc is another powerful formula for business and project leaders as well? Let me share one of my tactics by explaining this formula. E (Efficiency) = M (Motivation) x C (Competence) This formula is used to identify the reasons why a […]

Shared services are when a business consolidates its support functions to better serve the corporation and its business units. Typically, this includes services such as human resources, finance and accounting, information technology, and other front and back-office services.
By consolidating these services into a centrally managed organization, businesses can achieve efficiencies that would otherwise be difficult to achieve with decentralization. These efficiencies could be consistency in processes and reporting, or they could be reduced costs.

You have just been hired to perform the work as a consultant. The first meeting with your client is starting; this is the time to begin your engagement. 
First and foremost, I would recommend not behaving as an employee who might wait for their “boss” to give them the tempo and lead their onboarding. 
But instead, I suggest taking the initiative immediately with a proactive attitude and organized behavior. It implies starting by doing this: 

It’s not by magic neither by pure gift that experienced consultants give such positive thoughts about their work and delivery. If you think the opposite, stop reading this article, otherwise you can move forward. Have you ever asked yourself such kind of questions: How can they structure relevant thoughts from such different and complex ideas […]

Are you reviewing your IT contracts and invoices on a consistent basis? You should be because there is always money to be found there.

As a new employee joining a company, especially in this remote work environment, don’t you think it is a real challenge to be proactive, become integrated and succeed your onboarding? I think it is tough and needs a special article on this topic. To overcome this new challenge you can either be passive and rely […]

CFOs and finance leaders often find themselves overwhelmed by deadlines: reporting, budget, forecast, strategic plans, month-end closing… This leaves little time for modernizing finance operations. Carole from Penon Partners shares six practical steps to carve out time for finance transformation. ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 1. Automate routine tasks Routine tasks consume […]

Regardless of your industry or strategy, some financial indicators are essential: you must track key figures like Gross Margin, EBITDA, Working Capital, Cash Flow, Return on Investment (ROI), Debt-to-Equity Ratio… But there’s more to it: tracking the right financial metrics could be the difference between informed decision-making and wasted effort. 

Collecting payments from customers can be a complex and sometimes frustrating task. To convert sales into cash more effectively, consider these strategies tailored to improve your company’s cash collection process: Understand Your Customer Base  Start by analyzing your business and customer base. Ask yourself: Who are your customers? How many are there? What type of […]

Most of us have already integrated AI into our daily routines: refining emails, summarizing articles, reviewing code, creating content, finding information, and preparing meetings. AI has become the personal assistant we’ve longed for over the years! What is the next step? The question for CFOs is, how will AI be integrated into our Finance operations […]

Am I the only European surprised by how frequently checks are used in the United States? In a world where digital transactions are nearly instantaneous, it’s interesting to see the continued use of paper checks. When assessing a P2P process, I always recommend transitioning to Automated Clearing House (ACH). It’s a compelling solution for better efficiency.

In today’s fast-paced business environment, maximizing financial operations is crucial for staying competitive and achieving sustainable growth. However, many companies find themselves facing challenges in effectively managing their financial processes. Take the quiz below to determine if your organization could benefit from the expertise of a finance transformation consultant. 

Moving from Excel to Power BI is a significant step for finance teams. More than just switching tools, it’s about transforming how they manage, leverage, and share data.   Central to this shift is Power Query, your starting line in the transition to Power BI. Let’s explain.  What are the challenges of a finance team?  Managing […]

The evolution from Excel to Power BI is not just a software upgrade—it’s a strategic development of your finance team’s capabilities. Power BI offers complete tools that address all needs of modern finance operations, from Corporate and Management reports to the team’s Performance KPi’s.   Here’s why making the switch to Power BI might be the […]

In the dynamic world of business, a temporary Chief Financial Officer (CFO) often becomes necessary. They offer leadership and specific knowledge during important times for a company. Let’s talk about when a temporary CFO can really help. 1. An Interim CFO will help you to bridge the Recruitment Gap: When a company loses its CFO, […]

In the face of economic challenges, many employers are exploring ways to reduce costs. Before thinking about staff reductions, which can be expensive and damaging in the long term, consider these seven techniques that protect your employees.  Review and Renegotiate Contracts: Take a closer look at your contracts, including insurance, health plans, 401K plans, and […]

We all know the famous Einstein formula e=mc² ; but do you know that e=mc is another powerful formula for business and project leaders as well? Let me share one of my tactics by explaining this formula. E (Efficiency) = M (Motivation) x C (Competence) This formula is used to identify the reasons why a […]

Financial teams often request other departments to improve their processes and reduce costs in order to focus on value-added activities. But what about enhancing their own processes and operations?  Our proposal, different from the standard approach, blends HR and Business perspectives, allowing you to enhance your processes as well as your team’s skills.  Start by […]

Don’t you think the automation of financial processes has been largely neglected? It seems to me that there are still too many offices looking like this:      or this      The good news is that multiple tools can now improve AP processes: ERP, RPA, OCR… and we can combine them!  As a continuation […]

Not all ERPs offer the same features. Therefore, it’s important to assess your needs, what’s mandatory, nice to have, or not really necessary. 2 companies can generate the same annual revenue, one with one monthly invoice of $1M to one customer, the other billing $12 dollars one million times a year to thousands of customers; they will surely have very different requirements.

FP&A teams are often overwhelmed by operational dashboards and KPIs they must deliver, in addition to the official reporting. But what if… they suddenly stopped sending them? Just stopped, without notifying anyone… This exercise could be extremely interesting!

Shared services are when a business consolidates its support functions to better serve the corporation and its business units. Typically, this includes services such as human resources, finance and accounting, information technology, and other front and back-office services.
By consolidating these services into a centrally managed organization, businesses can achieve efficiencies that would otherwise be difficult to achieve with decentralization. These efficiencies could be consistency in processes and reporting, or they could be reduced costs.

You have just been hired to perform the work as a consultant. The first meeting with your client is starting; this is the time to begin your engagement. 
First and foremost, I would recommend not behaving as an employee who might wait for their “boss” to give them the tempo and lead their onboarding. 
But instead, I suggest taking the initiative immediately with a proactive attitude and organized behavior. It implies starting by doing this: 

Master data is the core data used across your enterprise, for instance: customers, vendors, items, and chart of accounts. They are non-transactional, which means they should not change over a period of time.
Everyone agrees that master data is important and should be treated as such: better efficiency, improved decision-making, compliance, and security… but Master Data Management is costly and time-consuming. The Finance and Administration department is directly involved and impacted by these hideous hidden costs!

It’s not by magic neither by pure gift that experienced consultants give such positive thoughts about their work and delivery. If you think the opposite, stop reading this article, otherwise you can move forward. Have you ever asked yourself such kind of questions: How can they structure relevant thoughts from such different and complex ideas […]

Are you reviewing your IT contracts and invoices on a consistent basis? You should be because there is always money to be found there.

Collecting money from customers can be challenging. To ensure those sales become cash in the bank, consider the following as it relates to your company’s process: 1. Who are you? First, take the time to observe your business: who are your customers? how many are there? what kind or relationship do you have with them? […]

Cash shortages can be a nightmare for companies and the current “econovid” crisis is making businesses extremely fragile. To ensure the continuity of your business, you must protect yourself against the risk of cash shortages. Here are 5 tips to help you protect your cash.  1. Operational plan Starting point: your internal organization. Cash is […]

Have you ever lived the situation in which people were expecting the others to do things, or in which things have been done twice… This is annoying isn’t it? I consider it really important for any action, activity, or part of a project… to know who leads it (in charge) and who contributes to it […]

As a new employee joining a company, especially in this remote work environment, don’t you think it is a real challenge to be proactive, become integrated and succeed your onboarding? I think it is tough and needs a special article on this topic. To overcome this new challenge you can either be passive and rely […]

Is Servant Leadership a new concept? Does it provide a modern and relevant new perspective to serve people? What is servant leadership? Is it an extract and an adaptation of some of the Bible’s main principles adapted to the digital 21st-century reader? Is it the new name given to the Dale Carnegie’s and James Covey’s […]

We all know the famous Einstein formula e=mc² ; but do you know that e=mc is another powerful formula for business and project leaders as well? Let me share one of my tactics by explaining this formula. E (Efficiency) = M (Motivation) x C (Competence) This formula is used to identify the reasons why a […]

You have just been hired to perform the work as a consultant. The first meeting with your client is starting; this is the time to begin your engagement. 
First and foremost, I would recommend not behaving as an employee who might wait for their “boss” to give them the tempo and lead their onboarding. 
But instead, I suggest taking the initiative immediately with a proactive attitude and organized behavior. It implies starting by doing this: 

It’s not by magic neither by pure gift that experienced consultants give such positive thoughts about their work and delivery. If you think the opposite, stop reading this article, otherwise you can move forward. Have you ever asked yourself such kind of questions: How can they structure relevant thoughts from such different and complex ideas […]

As a new employee joining a company, especially in this remote work environment, don’t you think it is a real challenge to be proactive, become integrated and succeed your onboarding? I think it is tough and needs a special article on this topic. To overcome this new challenge you can either be passive and rely […]

Is Servant Leadership a new concept? Does it provide a modern and relevant new perspective to serve people? What is servant leadership? Is it an extract and an adaptation of some of the Bible’s main principles adapted to the digital 21st-century reader? Is it the new name given to the Dale Carnegie’s and James Covey’s […]

We all know the famous Einstein formula e=mc² ; but do you know that e=mc is another powerful formula for business and project leaders as well? Let me share one of my tactics by explaining this formula. E (Efficiency) = M (Motivation) x C (Competence) This formula is used to identify the reasons why a […]

You have just been hired to perform the work as a consultant. The first meeting with your client is starting; this is the time to begin your engagement. 
First and foremost, I would recommend not behaving as an employee who might wait for their “boss” to give them the tempo and lead their onboarding. 
But instead, I suggest taking the initiative immediately with a proactive attitude and organized behavior. It implies starting by doing this: 

It’s not by magic neither by pure gift that experienced consultants give such positive thoughts about their work and delivery. If you think the opposite, stop reading this article, otherwise you can move forward. Have you ever asked yourself such kind of questions: How can they structure relevant thoughts from such different and complex ideas […]

Have you ever lived the situation in which people were expecting the others to do things, or in which things have been done twice… This is annoying isn’t it? I consider it really important for any action, activity, or part of a project… to know who leads it (in charge) and who contributes to it […]

As a new employee joining a company, especially in this remote work environment, don’t you think it is a real challenge to be proactive, become integrated and succeed your onboarding? I think it is tough and needs a special article on this topic. To overcome this new challenge you can either be passive and rely […]

Is Servant Leadership a new concept? Does it provide a modern and relevant new perspective to serve people? What is servant leadership? Is it an extract and an adaptation of some of the Bible’s main principles adapted to the digital 21st-century reader? Is it the new name given to the Dale Carnegie’s and James Covey’s […]