Eventus Advisory Group, LLC

Happy to have sponsored This Week in Startups Liquidity Summit 2024!

Let's talk about cash flow... The 13-week cash flow forecast is an essential, yet often overlooked, financial management tool for small and mid-sized businesses (SMBs). This report provides a quarterly, forward-looking snapshot of a company’s liquidity and cash position to help business owners and financial managers make informed decisions about business spending. Working in tandem with your annual budget, the 13-week cash flow forecast ensures a company’s financial stability by helping businesses track their performance against annual targets while identifying areas that require adjustment. Regularly updating the cash flow forecast model allows your business to remain agile and responsive to evolving market conditions or unexpected expenses. Q2 is drawing to a close. Where do you stand on thinking about the next quarter? Time to update that model! For a more detailed look at the use of the 13 week cash flow model, check out our Future Planning: Crisis Assessment and Actions Workbook (https://lnkd.in/d36c4Qx ), well as our downloadable 13-week model ( https://lnkd.in/dwG3Ssps ) #cashflow #cfo #finance #accounting #planning

Greg Lopez makes a great point & this issue is not limited to personal accounts. Businesses need to be sure they understand how and if their deposits are protected. Last March when Silicon Valley Bank was taken over by the FDIC it was not clear if all the business depositors would be made whole - and that was with a bank with a direct relationship! Fintechs that offer savings-type deposit accounts for businesses will fall into the same category as consumer-focused ones. You need to know where your deposits are being kept if your account is with a non-bank provider. After the fallout in March of 2023 - Aaron Spool, CPA, CFA, MBA wrote a short piece on the lessons learned from the SVB failure. They are just as relevant today. Check it out here: https://lnkd.in/gmnEbxBJ #cfo #finance #accounting #banking

Choosing your company's next generation finance and accounting technology platform shouldn't be a stressful project. Yes, it is an important decision... but, there are many little steps a CFO can take to make sure their choice of technology and provider is the right one. Eventus Advisory Group, LLC's Aaron Spool, CPA, CFA, MBA put together a short primer on how to evaluate what technology is going to be best for your company. Step 1 - determine if your primary goal is to increase efficiency and save time and money, or to improve the company's ability to make better decisions. Step 2 - weigh efficiencies according to their value as either allowing faster decisions or reducing or eliminating work, and what activities will fill the time created by the reduction. Step 3 - know who will be responsible for both implementation and then ongoing management - they may not be the same person, nor do they have to be internal. Outsourcing to appropriate experts is a great way to leverage both time and technology. To get a little deeper into the topic, read the article: https://lnkd.in/gg2G3hfP #ERP #accounting #technology #finance #CFO

Glenn Hopper Eventus' Head of AI Research and Development has a new podcast called Future Finance. Last week's episode with Paul Barnhurst, The FPandA Guy and their guest Mitchell Troyanovsky talk about how AI, spreadsheets, and accountants can get along! Spreadsheets aren't going anywhere but AI can help us manage them. And the shortage of accountants? Well, AI is in a great place to pick up some of the slack. Don't be fooled into thinking it is a silver bullet, though. There is still a long way to go and AI - just like humans do, will make mistakes, it isn't perfect. These three visionaries discuss what is happening and what needs to happen for AI to be an integrated part of the finance and accounting world. Give it a listen. Subscribe and follow for more content. #ai #accounting #cfo #finance

Uncertainty looms over much these days -- from the macro (an upcoming election in November, economic questions, and climate change) to the micro (will this marketing campaign drive sales, did we price the product right, or have I hired the right person). Keeping thing simple in times of uncertainty is a certain way to reduce the stress of dealing with unknowns. In the blog "Planning in Uncertain Times" Eventus' Aaron Spool, CPA, CFA, MBA spells out a few tried and true methods for keeping on track when things get chaotic. To sum up his thinking: Keep a close eye on your cash flow and make sure your customers are happy! If you focus on these two goals into your short-term and long-term planning during periods of uncertainty your odds of successfully exiting a challenging time should increase substantially. Give the article a read here: https://lnkd.in/gtgK4q6f

Today's Axios Pro Rata newsletter by Dan Primack soundly declares that the IPO window is open! It's been open for awhile. In fact, he says Renaissance Capital's IPO ETF is outpacing the S&P 500 for the past year. If you're company is ready to IPO now is the time to make it happen. But are you ready? Here's a quick run down of what you better have in place from a financial operations, compliance, and audit persepctive if you want to start life as a public company successfully. 1) Strong financial controls. If you haven't made sure your controls are up to par with what is expected for a public company, take a step back and focus on getting that house in order ASAP. 2) Audit readiness. Along the financial controls will come the accounting and reporting processes needed to be ready for the audit process. From financial schedules to SOX compliance, it should be in working order for the auditor to review. 3) A solid accounting and finance team. All the work won't get done by itself. Without a strong group of professionals from CFO down to the bookkeeper your staff and their ability to deliver will make or break the offering. If you're short staffed, you don't have to go it alone. Eventus' team of experts is the perfect addition to your in house team to make sure your financial controls, audit readiness, and overall team is ready to go from the moment you decide it is time to go public. #accounting #finance #cfo https://lnkd.in/gmdbHqJs

Thank you to the brave men and women who have served our country and made the ultimate sacrifice. Our freedoms have been secured because of your courage and dedication. This Memorial Day, inspired by your actions, we honor and remember you. #MemorialDay #HonorAndRemember

Generative AI is a powerful, transformative technology for the world of corporate finance and accounting. Eventus Advisory Group, LLC's Glenn Hopper's latest article for Corporate Finance Institute® (CFI) spells out what AI can currently help finance professional accomplish - and what's on the horizon. Navigating the data challenges - data quality, security and privacy - as well as the ethical considerations and compliance requirements are not going to be simple tasks for any company. One of the the important aspects of this latest technological innovation is how necessary it is to NOT go it alone. Communication and collaboration with regulators, educators, industry leaders, and employees are required if the end result of utilizing generative AI is going to meet our currently high expectations. Reach out to Glenn or Aaron Spool, CPA, CFA, MBA if you want to discuss how your finance and accounting departments might benefit from the use of generative AI - and how you might go about implementing it. #generativeAI #accounting #finance #analysis #cfo

Glenn Hopper and his guest Swati Bagri knock it out of the park with this episode of FP&A Today. From finance transformation to educating the non-finance crowd at the office, the wide ranging conversation covers a lot of ground for today's FP&A (and other finance) professionals. Check it out! #finance #accounting #fpanda #cfo #controller #accountant