Peerview Data Insights

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Most of us think of our CPA as somebody who just does taxes, bookkeeping and audits, but they're actually in a unique position to help just about any company optimize it’s performance.

How?

By combining data-driven analysis with experience-driven insights.

We've had some requests for copies of the presentation referenced in this post.

Mark Cuban got a bit of an internet smackdown the other day when he suggested that CPAs might go the way of the dodo bird thanks to Artificial Intelligence.

CPAs are perfectly positioned to capitalize on the rise of Big Data and Analytics.

Companies that use their data will thrive, companies that don't might not survive. Fortunately, most companies already collect the data they need to get better insights, they just need to make it a priority to analyze it.

Campaigns are bullshit.

Spin wins, and the "hard truths" behind every proposal are usually left out because even though somebody always has to pay, no politician wants to admit that it might be you.

At least not until they're elected.

Given that, how do we know what to expect from a president Clinton, Sanders or Trump? And more importantly, is your business in good enough shape to handle it?

(If you're not sure, let us analyze your performance for you.)

Here's what the candidates have said so far about the issues most concerning to business owners, managers, executives, employees and stakeholders:

PLEASE NOTE: the following is an excerpt from "20 Competitive Metrics Every Business Needs to Know," which is now available as a free download here.

Performance Metric: HR BUDGET

Definition:  A MEASUREMENT OF THE COMPARATIVE EFFICIENCY OF A COMPANY'S PEOPLE-RELATED EXPENDITURES

Importance:  HR budget is the collection of internal investments a company makes toward maintaining/improving its longterm growth, value and profitability via its human capital. These investments fall into four categories — compensation (fixed and variable), taxes & benefits (healthcare, retirement and payroll taxes), corporate culture (training, recruiting, “perks” and community-building”) and outsourced talent/ subcontractors.  Because norms vary by industry, it's important to put these investments in their competitive context.

PLEASE NOTE: the following is an excerpt from "20 Competitive Metrics Every Business Needs to Know," which is now available as a free download here.

Performance Metric: CASH FLOW

Definition:  A MEASUREMENT OF THE AMOUNT OF MONEY A COMPANY HAS GENERATED OVER A SPECIFIC PERIOD OF TIME

Importance:  Cash flow shows how money moves into a company, how long it stays there, whether or not there is a sufficient amount of it to provide for day-to-day operations, and how it flows out of the company. The challenge is that even “profitable” companies can go broke because they had all their money tied up in assets and couldn’t pay their expenses. This means that no matter what a company is focused on — growth, profitability or value — it can’t survive without adequate cash flow, which is why they say “revenue is vanity, cash flow is sanity.”

PLEASE NOTE: the following is an excerpt from "20 Competitive Metrics Every Business Needs to Know," which is now available as a free download here.

Performance Metric: LEVERAGE

Definition:  A MEASUREMENT OF HOW A COMPANY USES DEBT TO FURTHER ITS OPERATIONS

Importance:  Companies use debt to acquire assets in the hope that the income generated from those assets will be greater than the cost to service that debt over time. In most cases, the greater the debt the greater the risk because a company that is highly leveraged is more likely to go bankrupt than one that isn't. On the other hand, a company that has very low levels of debt may not taking advantage of the growth opportunities that additional leverage may offer.