Advisory Services Archives - Wiss & Company, LLC

A message to CEOs: When a CFO joins or leaves your company, it’s an ideal time to conduct a Business Process Review

Written on November 7, 2019. Posted in Advisory Services, General Business.

by Paul Ursich A CFO entry or exit event, especially when it comes to mid-sized companies, is often an opportune time to conduct a Business Process Review. When a mid-sized company decides to bring on a CFO, it’s an indication of an important company life cycle shift. Making the investment into this critical CFO role is a major one. It’s the perfect time to conduct a Business Process Review to provide valuable insight into this new hire. An immediate and independent review can drastically...

Today’s Software Solutions Vastly Improve HR Staff Productivity

Written on April 29, 2019. Posted in Advisory Services, Human Resources.

Updated 7/30/2019. I recently visited a client company with over 750 employees. The HR staff kept track of vacations on a spreadsheet. Anyone considering taking time off would first call up some poor overworked HR rep and see how many days they had remaining. That rep would have to then manually update the remaining totals. I have to imagine that was pretty much how that staffer spent his or her summer months at work. This same company had a total of about ten spreadsheets keeping...

Update: Fishbowl Vs. Quickbooks

Written on April 2, 2019. Posted in Advisory Services.

By David Singletary Companies using a combination of QuickBooks and Excel are oftentimes looking to find a more robust system alternative, but are not ready for an enterprise-level ERP system. For these types of firms looking for a low-cost option that will not require the replacement of QuickBooks, one application is Fishbowl—a manufacturing and inventory control system that integrates seamlessly with QuickBooks. Fishbowl Manufacturing is designed for small to mid-sized companies...

Inventory Management Systems

Written on February 19, 2019. Posted in Advisory Services.

By David Singletary Are you still using Excel spreadsheets to keep track of your company’s inventory? You’ll know it’s time to upgrade when your business grows to the point where you or your people are spending way too much time inputting static data. A good inventory management system should do the heavy lifting. Here are a few features and capabilities a good solution should offer. Multiple costing method options — You shouldn’t be limited to just one method of calculating...

The Critical Importance of Effective Cybersecurity in Your Business

Written on January 29, 2019. Posted in Advisory Services.

Updated 7/30/2019. Cybersecurity does not offer a return on investment — unless you count stable client relations, peace of mind, insurance against the financial, and public relations disaster that can result from digital criminal activity. In other words, cybersecurity is something that your business will hardly notice if it’s functioning well, and deeply regret if it goes wrong. Harmful effects from data breaches Data breach can be a crisis for your business in a number...

Why Your Business Should Embrace Digital Transformation

Written on January 8, 2019. Posted in Advisory Services.

Updated 7/30/2019. The term “digital transformation” probably sounds a bit intimidating. Like something beyond your capabilities and a drag on your business in trying to undertake it. So let’s start with a basic definition that’s not quite so off-putting. Digital transformation is simply your efforts to integrate digital technology into all areas of your business. The right mix of digital technology solutions will make your company run smoother and more productively internally, and...

HR & Payroll Year End Readiness

Written on November 27, 2018. Posted in Advisory Services.

By Lisa Calick, Carolyn Hall, Floriana Allen, and Laura Melville The end of the year can be busy for many companies. While December brings holiday parties and end-of-year celebrations, business owners should be mindful to make sure their HR and payroll departments are on top of timely actions in order to ensure a smooth transition into the New Year. This checklist will help you get a jumpstart on your year-end planning. Human Resources Review your employees’ data to make sure...

Four Strategic Decisions Holding Your Small or Mid-Market Company Back

Written on November 13, 2018. Posted in Advisory Services.

By Joe Cicerone Updated 7/29/2019. Your business needs help. No, that doesn’t mean you’re doing anything wrong — or more wrong than anyone else trying to independently run a business. But it would help to have an experienced CFO advisory group who could see your company’s challenges and opportunities from a fresh perspective. That’s because the management team of young and growing companies tend to see what they’ve always seen. They only know the one way of looking at their...

Business Process Reviews-the First Step to Positioning Your MSO or DSO for Rapid Expansion

Written on July 26, 2018. Posted in Advisory Services.

By Carolyn Hall, CPA, MBA Business owners with an entrepreneurial spirit welcome growth without necessarily focusing on the bottom line. MSO and DSO professionals who own and operate medical and dental service organizations that are experiencing patient gains and revenue growth can often lose sight of the details that go into back-end processes. Your accounting system can be your first and most visible sign of trouble. When billing is slow or error-filled, processes are broken, locations...

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