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How Middle Market Companies Can Avoid a Liquidity Crisis

Harvard Business

Managers tend to think about liquidity as a finance issue, but in face the behaviors of the sales and operations team — and how they communicate and work together — can have a direct affect on a company’s cash position. Following these steps can reduce a company’s working capital needs and increase earnings and cash flow.

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Optimizing Project Accounting: A Game-Changer for Professional Services

Progressus

Ultimately, these hurdles jeopardize the firms’ ability to set and achieve short-term and long-term objectives, forecast cash flows, and strategize for the future. To steer the business in the right direction, the finance department requires instantaneous data on project statuses, forthcoming deals, and future client engagements.

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Unlocking Business Profit Potential

Business Consulting Agency

Review income statements, balance sheets, and cash flow to identify areas that impact profitability. It might involve cost reduction, pricing optimization, revenue growth, or operational efficiency. This might involve optimizing supply chains, renegotiating contracts, or streamlining operations.

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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

When to Use: Ideal for businesses aiming to enhance operational efficiency, manage multiple projects simultaneously, and foster team collaboration. Budget Control: Helps avoid cost overruns and manage project finances proactively. Increased Productivity: Streamlines project workflows, reducing time wasted on administrative tasks.

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Launch Your New Business with Professional Help

Business Consulting Agency

These services encompass a wide range of areas, including business planning, market research, financial management, marketing strategies, and operational setup. Consultants assist with developing financial projections, managing cash flow, and setting up accounting systems. Launch your new business with help.

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Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

Utilization goals must strike a balance between short-term revenue targets and long-term considerations to avoid burnout or underutilization, which can lead to cash flow issues. YoY analysis extends to examining sales performance, customer retention, utilization rates, and other operational aspects to pinpoint issues hindering growth.

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How to Start a Pet Products Business

Business Consulting Agency

This is where business consulting services can play a crucial role in helping new ventures and startups navigate the complexities of the market, streamline operations, and achieve sustainable growth. Consultants can help you develop financial projections, manage cash flow, and identify funding opportunities.