Paro

Are you drowning in data but struggling to find meaningful insights? Our latest video provides tips to develop and track KPIs that actually help drive your business forward. ➡ Assign clear KPI ownership ➡ Implement agile data collection ➡ Establish regular reporting schedules ➡ Analyze, communicate, and act on results ➡ Periodically review and refine your KPIs Get more KPI tips in our full video, which covers everything from selecting the right metrics to S.M.A.R.T. goal setting: https://lnkd.in/gqnNFJgb #BusinessStrategy #KPIs #BusinessGrowth #Metrics #Finance

Scaling a startup is tough. But with the right fractional financial expertise, startups can not just survive—they can thrive. Just ask Keyo, a biometric tech company that faced the classic startup challenge: managing cash burn while building infrastructure for scale. When Keyo partnered with Paro for fractional CFO services, their expert didn't just crunch numbers – he became a trusted advisor. From building financial processes from scratch to strategizing cash management, our fractional CFO's guidance was invaluable. The result? Keyo secured their next round of funding and confidently expanded into new markets. As Andrée Urcuyo, Keyo's Director of Operations, put it: "He built the infrastructure and took us to the next level." Every startup's journey is unique. But with the right support, yours can thrive too. Curious how fractional finance expertise could propel your business forward? Check out Keyo's full success story: https://lnkd.in/g27sNXZ2 #startup #cfo #financestrategy #clientsuccess #casestudy #businessgrowth

Digital transformation isn't just about tech—it's about people. Read our latest newsletter to learn how to lead your finance team through change with tips to develop an enterprise-wide digital culture that focuses on a maintaining an engaged workforce that's ready for future innovation. #DigitalTransformation #FinanceLeadership #ChangeManagement #FutureofFinance

Waiting until month-end to close your books isn't the most optimal way to enable timely financial decision making. Instead, businesses should be aiming to achieve a zero-day close—also known as a continuous close—so you can close the books as you go and provide vital financial information in real time, at any time. Swipe through to preview these game-changing steps, and discover how they can transform your financial operations. Want to dive deeper? Read the full article and start your journey towards faster, more efficient financial reporting. https://lnkd.in/g2-32MkT #accounting #accountingandbookkeeping #controllers #finance #monthendclose

🔍 Are you leveraging your trial balance to its full potential? In today's dynamic business environment, financial acumen is more than just balancing the books—it's about extracting strategic insights that drive growth and inform critical decisions. The trial balance is an often-overlooked financial tool that can become a powerhouse for your business strategy. When you tap into building out a trial balance foundation your business can effectively: • Identify early warning signs in your financials • Streamline reporting and compliance processes • Transform raw data into actionable business intelligence Whether you're a seasoned CFO or an emerging business leader, these insights will elevate your financial strategy and decision-making capabilities. Unlock the hidden potential in your financial data by swiping through our graphic below on 5 key insights on trial balance. Then, dive into the full guide in our article: https://lnkd.in/gPgiHEZ8 #accounting #bookkeeping #accountants #smallbusiness #accountingandbookkeeping

CPA firm partners, consider this: Are the routine tasks consuming your partners' time today hindering your firm's growth potential tomorrow? You may be inadvertently sacrificing long-term growth if you're misallocating billable hours to meet immediate needs. Don't let immediate pressures derail your firm's future success. Our latest article explores crucial strategies for optimizing partner time, enhancing talent retention and leveraging innovative solutions like fractional staff augmentation. https://lnkd.in/gusGS8Er #cpa #accounting #cpafirm #accountants #businessgrowth #strategicgrowth

CFOs and finance leaders play a crucial role in translating complex financial data into actionable insights. KPI dashboards are an essential tool for visualizing that data, but they need to be built with your organization's end-users in mind - and not all end users will be as data-literate as your finance team. Consider these questions as you visualize and share data across the business: • Is the data focused and relevant to the user? Is there too much noise? • Is the tool easy to use for non-finance personnel? • Can your dashboard software manage changing complexity in your data or data sources? Discover how to create KPI dashboards that enhance decision making across your organization: https://lnkd.in/geHMUF3S #fpa #cfos #financialanalysis #finance 

As your small business grows, so does the complexity of your financial operations. As transactions multiply and investor scrutiny intensifies, internal controls help maintain reliable financial reporting and reduce the risk of errors or fraud. Our checklist outlines five fundamental steps to implement robust financial controls. These measures are a first step to protect your company as you consider the additional safeguards that a financial controller can implement. Review our checklist below and dive deeper with our comprehensive article: https://lnkd.in/g6Z_U-Km #smallbusiness #controlllers #financialanalysis #finance

Bad debt can significantly impact a company's financial health, but the root causes often extend beyond customer insolvency. Are inefficiencies within your own accounting processes contributing to the problem? By proactively optimizing your receivables function, you can reduce bad debt, improve cash flow and enhance your company's overall financial performance. Our video clip below provides a closer look at each strategy, offering valuable insights to help you streamline your collections process and minimize financial losses. Don't let inefficient processes hold you back. Click the link for the full video and access our additional accounting and bookkeeping basics playlist on YouTube: https://lnkd.in/g6aNjT3E #accounting #accountingandbookkeeping #accountants #finance #financialanalysis

When preparing for a product launch or market expansion, businesses often focus their go-to-market (GTM) strategy around marketing, sales and product. But there's a crucial player that can elevate your GTM plan from adequate to exceptional: the CFO. The CFO is the strategy architect who can provide the data-driven insights and financial acumen your GTM team needs to succeed, from crafting efficient campaigns to tracking launch KPIs to building evidence-based roadmaps for sustainable growth. Are you leveraging the full potential of this essential collaboration? Swipe through our graphic below to understand the essential role of the CFO. Then, dive into our full article here: https://lnkd.in/g5JrN8Vb #cfos #finance #gotomarket #businessgrowth #businessoperations