Why Your Business Should Embrace Digital Transformation

By Wiss, Posted in Advisory Services

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 yield bottom-line,... read more.

4 Easy Steps to a Paperless Company

By Wiss, Posted in Advisory Services

By David Singletary Remember the prime promise to the business community as the computer age took hold? Paper will become obsolete. Every memo, letter, contract, and spreadsheet will be stored on a relatively small stack of floppy disks. (Yeah, it was a few years ago when that promise was made.) So what happened? Nowadays, you can store just about everything “in the cloud,” a virtual patch of real estate located somewhere in cyberspace. Leading cloud storage options are more secure than your... read more.

HR & Payroll Year End Readiness

By Wiss, 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 you have... read more.

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

By Wiss, Posted in Advisory Services

By Joe Cicerone 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 bottom... read more.

Advantages of Onboarding an Outside Accounting Firm for Your MSO or DSO

By Wiss, Posted in Advisory Services

By Carolyn Hall, CPA, MBA In my last blog post, we covered how a business process review is a great tool to determine what processes can be improved upon in your medical service organization (MSO) or dental service organization (DSO). One of the most common outcomes of a BPR is a company elects to onboard an outsourced accounting firm. With this post, let’s explore the value-added benefits of such a relationship. A Valuable Team Addition An outsourced accounting firm with experience in the healthc... read more.

Proper Management Gets Ambitious Projects Over the Finish Line

By Wiss, Posted in Advisory Services

What could be more intimidating to a business than the prospect of launching a new ecommerce website? Or merging with a competitor? Or implementing a new business process management software solution that will touch virtually every department in the company? Lots of thoughts go through your head as you consider taking on a project that might take months or years, and will impact your company and your people for a long time to come.  Just think of the prospects of establishing goals, developing a budg... read more.

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

By Wiss, 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 aren’t comm... read more.

When and Why Your Business Needs a Business Process Review

By Wiss, Posted in Advisory Services

By David Singletary Have you ever really noticed a process at your business that’s been in place seemingly forever? As you take a closer look it doesn’t appear to be the best way of doing things, so you ask the logical question: “Why?” In response, your team collectively shrugs and says, “Well…that’s how we’ve always done it.” It’s time for a business process review. Third-Party Overview Business process reviews are important because they&rsq... read more.

KPI Checklist for Evaluating Your CFO or Controller

By Wiss, Posted in Advisory Services

By Paul Ursich, CPA How do you grade the accomplishments of your Chief Financial Officer or Controller? Not only at review time, but whenever you’re thinking of the value this key management team member brings to your company. What are the key performance indicators, or KPIs, that really matter to you? Does your CFO or Controller know the KPIs that define success in your eyes? How could they know if you don’t? Here’s what to do: For starters, review the job description you created befor... read more.

Ideal Minimum Requirements for Your Accounting Department

By Wiss, Posted in Advisory Services

By Angelique Zitz, CPA One of the most common causes of chronic problems in accounting departments is having the wrong people on board - or the right people in the wrong positions. In other words, things can go terribly wrong when the education, work experiences and career trajectories of your personnel do not match up with your expectations. With that in mind, here are some of the ideal minimum requirements you should look for under most circumstances during your recruiting process. With the right people... read more.