ORBA's Cloud CFO Services

Taking on a new CapEx project in 2025? Remember to consider relevant drivers such as: 🟢 Return on Investment (ROI) 🟠 Net Present Value (NPV) 🔵 Internal Rate of Return (IRR) 🟡 Payback period (PBP) Read more: https://lnkd.in/gxkHQDEf

Thrilled to have Sarah on the ORBA Cloud CFO team!

Don’t wait until the last minute to look after staff, payroll and personnel year-end loose ends: ☑ Decide if, and how much, employees will receive for year-end bonuses; ☑ Plan ahead for the payroll schedule over the holidays and for the first few weeks of the New Year; ☑ Tie up any expense reimbursement loose ends; and ☑ Make sure you know how much 401(k) match or safe harbor will be owed after year end. Get more tips on how to prepare for year-end close: https://lnkd.in/gFZJk9Xn

Another great Holiday ✨ party in the books with ORBA and #TeamAwesome 🎄 Nothing better than a little face-to-face time with this remote team!

With 55% of B2B businesses reporting payments overdue and 91% of those who use AR automation reporting increased cash flow, the numbers speak for themselves. Here are some of the benefits: ☑ Efficiency: AR automation speeds up the manual AR process of invoicing and collection. ☑ Cost Reduction: By automating AR, you reduce labor costs and can retool staff to more strategic tasks. ☑ Cash Flow: One the first measures to check in with after automating accounts receivable is your DSO, as it directly affects your cash conversion cycle. ☑ Data Accuracy: As with any automation, you reduce the chance of manual data-entry error. ☑ Customer Experience: With customer portals, more payment options and faster invoicing you improve your CX, which is huge for customer retention (and timely payments!) Automating accounts receivable is just plain good for business. Explore the full article and learn how to leverage AR Automation for smoother operations: https://lnkd.in/gExX7QcJ

A HIGH accounts receivable turnover indicates that your company has an effective collection process and is able to convert its credit sales into cash quickly. A LOW turnover may indicate issues with collecting payments from customers or giving too much leniency on credit terms. Here are 4 actionable ways to improve your accounts receivable turnover: 🚚 Automated invoice delivery 📆 Reminders before the payment terms come due 💳 Offering multiple payment options 🖱️ Easy access through customer portals

Ready to face year-end financial hurdles? Look after all the loose ends ahead of time so you are not scrambling at the last minute: 💡 Have your accounting team review your expenses to confirm everything is appropriately allocated. If you have any big expenses to pay for before the year end, it’s important your accountant knows. It can affect your taxes if you use a cash-basis accounting approach. 💡 Review your reconciliations and be sure they are up to date before the holiday crunch time 💡 Ensure you have all the W-9 and contractor information you need so you or your accounting team are ready for processing 1099s 💡 Decide if the current year should be locked in your accounting system after December close to prevent changes to the prior year’s finances. Learn more about preparing your business for year-end: https://lnkd.in/gaV4NZkr

Wishing everyone a Happy Thanksgiving! Here are a few of the things we're grateful for this holiday season. We like numbers okay? (And coffee. We still really like coffee). BIG thanks #TeamAwesome. 🙏 #Coffee #Gratitude

Setting a target profit margin is like having a financial GPS: it directs you toward profitability and helps you make strategic pricing and cost decisions.  Although there’s no magic number, a good profit margin will typically fall between 5% and 10%. That said, it's not as simple as saying 5% is low and 20% is high. Generally if you’ve got around a 10% profit margin that is pretty sustainable. But the cookie-cutter approach isn’t the best way to set goals for your business profitability. But what should your target be? Click through for our industry benchmarks for target profit margins: https://lnkd.in/gBfHJvHn

Is your business is losing money? Here's a tip: Avoid across-the-board adjustments like reducing total production or spreading capital equally when trying to improve your unit economics. Not all products and services deserve the same treatment. Instead, maximize profitability, anticipate demand and prioritize getting the answers to these 6 questions: ☑ Which SKUs, services or clients have the highest profit margins? ☑Which SKUs, services or clients have the largest sales volumes? ☑ Which products or services share components and raw materials? ☑ How do rising costs impact the margin for this product/service? ☑ Can any of these goods/services share labor costs? ☑ How much does this SKU/service contribute to the bottom line? Now you're armed with the information you need to direct and spend resources along with how much it will affect your bottom line. Get more tips on what to do when your business is losing money: https://lnkd.in/gw3H67nz