BeyondSquare FinAlyzer - Your partner for Financial Consolidation, Close, Analytics & Reporting

Recently I have been talking to owners of fast growing small businesses to understand a number of things: At what point of their growth should they hire a CFO If they are small enough not to have a CFO, do they hire external help (a virtual CFO) for financial insights & decision making How deep do small business owners get into the numbers of their business In the absence of a CFO, can a software tool to some extent bridge the gap, and provide actionable insights and aid decision making? What are the top 3 financial metrics/KPIs that a small business owner should track? Are there good and affordable financial intelligence tools available to serve this segment? If such tools are available, do business owners think it is important for them to invest in them? How much would they pay for such software? I have had interesting responses. A fellow entrepreneur was trying to get deep into numbers, and had created an impressive, if somewhat complex, reporting mechanism o

Let’s say you got up this morning with a headache. You know from experience that it’s a small niggle, and it will go away on its own. But what if you got up tomorrow morning, and the headache got worse? If an aspirin doesn't help, you will surely go to a doctor, and most likely get some diagnostic checks done. A KPI (key performance indicators) dashboard is like a diagnostics report of various parameters that reflect the health of your business. KPI’s help you measure your business’s financial health. You can define KPIs for different areas of your business, from HR, Finance, Marketing to Operations. You can combine these KPIs to arrive at an overall health for your business. The Finance function is like the blood flowing through your body; it affects each part of it and keeps it healthy and oxygenated. Similarly, your company’s financial performance has a direct impact on every aspect of your business. Remember, that KPI’s and dashboards are not just for CFO’s