Abstract. In this paper on logistics firms’ revenue model, I will present comprehensive revenue strategies that will fortify business continuity during uncertain economic conditions like inflation and recession periods. With the current state of tariffs as of March 25, 2025, understanding how this will impact consumer behavior is key for optimizing revenue strategies and valueContinue reading “Resilient Revenue Strategies for Logistics Firms”
Tag Archives: Finance
Strategies for Maintaining Low Accounts Receivable Days During Business Growth
Growth is a pivotal goal for any organization. As companies expand, it becomes crucial to manage various operational aspects effectively. One such critical aspect is the management of accounts receivable. Maintaining low accounts receivable days, even amidst growth, is essential for ensuring a healthy cash flow and sustaining financial stability. In this article, we’ll explore some practical strategies to achieve this goal without losing sight of the big picture.
The Importance of Including Process Costs in the Profit and Loss Statement
In today’s competitive business landscape, organizations strive to optimize their operations to deliver maximum value to their customers while minimizing costs. One crucial aspect often overlooked in this pursuit is the consideration of process costs within the Profit and Loss (P&L) statement. Process costs, as demonstrated by real-world data and examples, play a significant roleContinue reading “The Importance of Including Process Costs in the Profit and Loss Statement”
Tax Reform: The best way to utilize tax savings
The new tax law will offer tax cuts to businesses which raises many questions among leaders as to how to best utilize that capital/ tax savings. Many companies have decided to invest in their people by giving away generous bonuses which embodies the employee-centric philosophy. In addition, to demonstrating your appreciation for your employees youContinue reading “Tax Reform: The best way to utilize tax savings”
Planning, Budgeting and Forecasting
Profitability and optimized performance pressure from top management are driving CFOs and Finance executives to develop and maintain effective financial planning and analysis skills. It also means going beyond the numbers by bringing the voice of the customer into the spectrum. To deliver exemplary financial planning and analysis results, you must have clear understanding ofContinue reading “Planning, Budgeting and Forecasting”
E.O.W(End of the Week) Notable Tip: Reduce RFP Lead Times
Happy Friday! I hope you’ve had a great week. Today, I will discuss how you can optimize your CRM management process for reducing RFP (request for proposal) lead times while increasing profitability. By developing a client quality plan it becomes easier to vet prospects which makes RFP analysis much easier. RFP lead times (time takenContinue reading “E.O.W(End of the Week) Notable Tip: Reduce RFP Lead Times”
E.O.W (End of the week) Notable Tip: Client-centric Accounts Receivable
Happy Friday! I hope you’ve had a great week. Today’s E.O.W is about encouraging your accounting team to embody a more client-centric approach to accounts receivable by asking smart questions that glean insights into what clients value most and what their priorities are. To truly understand that customer everyone must be part of the customerContinue reading “E.O.W (End of the week) Notable Tip: Client-centric Accounts Receivable”
Lean Wednesday Tip: Tax savvy family-owned businesses
“Family businesses allow tax savings through income splitting between parents, children or other relatives.”
E.O.W (End of the Week) Notable Tip: Product Innovation for lower freight costs
Happy Friday! I hope you’ve had a great week. Freight and shipping costs can eat away at profits but they don’t have to. By having strong auditing, procurement and vendor management processes you can yield better profits. One way to reduce freight costs is by working with suppliers on product innovations that reduce the weightContinue reading “E.O.W (End of the Week) Notable Tip: Product Innovation for lower freight costs”
Lean Wednesday Tip: Accounts Payable Performance
“By encouraging your A/P team to report and make critical department KPI metrics visual, such as, process cycle time, activity lead times, and cost per invoice with industry and competitor comparisons you realize the opportunity to reduce costs, increase productivity and streamline processes.”
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