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What does David Hughes think?

David L. Hughes, EVP of Operations, is a proven business financial and operational leader in accounting, capital planning, financing/banking, cost containment, budgeting, cost and profitability analysis. His 26 years of business experience has included several key executive positions with both ... See full profile

I agree with Alan. I also have a lot of experience with small and medium size companies and many of them do not see the value in spending very much...
I agree with Linda. The key is to do the legwork up front and determine the leading indicators of what drives performance (by dept, by organization,...
Good comments from Katherine and Carrie. One thing I might add is that it might be useful to split your dept activities into those that are...
I will add a related comment to all the previous ones....each capital expenditure should have a cash flow and IRR justification prior to spending the...
For smaller organizations I also had good luck with Excel to start with. This better enables you to sort out your needs in a live environment before...
Le Mai, I am not sure if you are looking for company performance KPI's or strictly accounting / financial management KPI's. Eric mentions a good one...
I prefer, and I believe more companies use, IRR vs NPV. MIRR is technically more accurate but most companies use IRR. It is a little less complex and...
In addition to the good information previously posted, I can provide a little more history. Many years ago (and in some cases currently), businesses...
Sandra, I am not familiar with Adaptive, but I really like Host Analytics. Host is easily implemented (compared to others), has the capabilities of...
You don't provide any information on your company (size, industry, etc) but that aside, I have also seen Budget Maestro and Host Analytics (both...
I agree with Regis. The write up is all about justifying the numbers. You should include as much information as possible to validate the assumptions...
I agree with Jack. Learning new software takes time and money. If you are still on the smaller side, setting up a balance sheet template in Excel is...
Start by understanding the mission and/or strategy of the department, function or business unit. The KPI's need to support that mission or strategy....