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Showing 1-9 of 10 results
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Forecast for Success — A Guide to Cash Management

by Paul Ainsworth

Running out of cash is one of the main reasons why startups fail. More established companies can also be affected. We outline the importance of managing cash, key metrics, and actions to improve performance.

9 minute readContinue Reading
FinanceIcon ChevronFinance Processes

Accounting Best Practices Ignored: 10 Ways Entrepreneurs Waste Money on Accounting and Stifle Growth

by Scott Hoover

In this article, Toptal Finance Expert Scott Hoover runs through a useful list of the top ten most common mistakes he encounters with respect to the accounting practice in small businesses. By avoiding these mistakes, entrepreneurs can ensure they stop wasting money and stifling the growth prospects of their company.

13 minute readContinue Reading
FinanceIcon ChevronFinance Processes

A Guide to Managing Foreign Exchange Risk

by Paul Ainsworth

This useful guide by Toptal Finance Expert Paul Ainsworth draws on 30+ years of experience as a CFO of large multinational companies to lay out the menu of options companies face in order to deal with foreign exchange exposure and manage risk effectively.

10 minute readContinue Reading
FinanceIcon ChevronRevenue & Growth

Goodbye, Overdue Receivables

by Scott Hoover

Overdue receivables are one of the most common and serious frustrations entrepreneurs face. The hidden costs can be staggering, from lost time dealing with the problem to the cost of hiring dedicated experts, to the serious and long term damage to a business’ reputation with its clients. In this guide, we provide six steps all businesses should take to avoid the headache of overdue receivables.

12 minute readContinue Reading
FinanceIcon ChevronRevenue & Growth

The Street Guide on How to Hire a Part-time CFO

by Scott Hoover

When does it make sense for a business to consider hiring a part-time CFO? Are there situations in which it doesn't make sense at all? What attributes and criteria should businesses use to filter and select candidates? This article by Toptal Finance Expert Scott Hoover looks at answers to all three questions, and is intended to be a practical guide based on nearly a decade of experience as a freelance CFO for privately held companies.

11 minute readContinue Reading
FinanceIcon ChevronRevenue & Growth

Adapting for Success – A Guide to Change Management

by Edwin Petersen

With today’s rapid pace of technological progress, organizational change is perhaps more necessary than it ever has been. But change is hard. Countless studies show that more often than not, corporations fail to implement change successfully, losing money, time, and employee morale in the process. Based on his 20+ years of international finance experience across a range of industries, and over a decade of experience as a CFO, Toptal Finance Expert Edwin Petersen outlines his thoughts on why change management often fails and how to get it right.

11 minute readContinue Reading
FinanceIcon ChevronRevenue & Growth

Financial Clarity at Last: How to Reboot Your Chart of Accounts Structure in 7 Steps

by Scott Hoover

It is quite common for financial reports to fall short of executives' expectations. Accounting teams tend to focus on doing things the "right way" rather than asking readers of the financial statements what they want to see. In this article, Toptal Finance Expert Scott Hoover runs through an often overlooked way of solving this situation: the chart of accounts. A well-structured chart of accounts is often the single best and most effective way to raise the financial reporting of an organization to the next level.

14 minute readContinue Reading
FinanceIcon ChevronRevenue & Growth

The Rules of Motivation: A Story About Correcting Failed Sales Incentive Schemes

by Kresimir Profaca

Rewards programs and sales incentive schemes are necessary for any business that operates outbound customer acquisition channels. They encourage certain behavior and that, if poorly constructed, can lead to perverse results and conflicting interests. Creating a holistic plan that stimulates positive company-wide behavior is an art that has huge benefits.

11 minute readContinue Reading
FinanceIcon ChevronRevenue & Growth

Working Capital Optimization: Practical Tips from a Pro

by Emilio Labrador

A decidedly less sexy, albeit critical, part of a CFO’s job description is working capital management and optimization. There are countless examples of companies that are forced to incur unnecessary debt and other financial obligations to meet their short-term financing needs, when in fact ample cash is sitting idly stuck in working capital. But working capital optimization is hard to get right and often requires significant cross-functional efforts to execute effectively. In this article, Toptal Finance Expert Emilio Labrador draws on 25 years of professional experience across multiple industries to outline some of his main suggestions and approaches on how to tackle working capital management projects.

13 minute readContinue Reading

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