Blog

Sep 18

Keep the cash flowing

Posted by Kirsten Hawke at Tuesday, September 18, 2018

The job of accounts receivable is to get money in the door. There are a lot of steps to that. You need to find customers that pay, bill them correctly, communicate clearly, and lay out enforceable consequences for slow payment.
Getting money in the door is a pretty important part of running any business. 
Check out these tips from Xero on how to build a watertight accounts receivable process, keep that cash flowing in!

Sep 03

Why KPIs are important to your business success

Posted by Kirsten Hawke at Monday, September 03, 2018

You’ve probably heard the term KPI (short for Key Performance Indicator) thrown around before. You may have even considered using KPIs to manage your business.

Here are a few reasons why KPIs can help your business.

To define what success looks like: The process of identifying & measuring KPIs forces you to look at what specific actions and behaviors will drive the company towards those goals. 

To focus everyone on the goal: Developing and tracking departmental KPIs not only show how departments work together to achieve the company’s goals, but how individuals can contribute to the company’s success. 

Because what gets measured gets managed: If you aren’t looking at something, how can you tell if it improves or deteriorates? Determining key business drivers and tracking their progress will help ensure that nothing slips through the cracks. 

To encourage accountability: Holding people accountable for results is tough. Unfortunately, if everyone thinks someone else is responsible then no one is truly responsible. 

To provide an opportunity for small wins: Employees feel empowered to make a difference when they see the needle move, so breaking down the goal into its key drivers can give them the opportunity to achieve the goal in stages.

For help monitoring your KPIs - contact us today.
It's as easy as 1, 2, 3.