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Effective time management is crucial for every department in an organization, but it is especially vital for accounting departments. With numerous deadlines, compliance requirements, and reporting tasks to handle, the ability to prioritize, plan, and optimize time is...

There are 33.3 million small businesses in the U.S., which make up 99.9% of all businesses in the United States, according to the U.S. Small Business Administration. Despite their position as the bedrock of the American economy, about 20% fail in the first year, and...

Did you know that in 2023, U.S. hospital spending surged by 10.4%, reaching $1.5 trillion, the fastest growth since 1990? This sharp increase highlights the growing financial pressures in healthcare and the need to understand financial statements to navigate these...

As we enter more turbulent markets, companies must incorporate agility into their financial processes. Agile finance works with the inevitability of change rather than against it, making companies more resilient. In fact, Bain & Company research said that...

Imagine a bustling medical practice—patients in every room, phones constantly ringing, and staff working tirelessly to keep things moving. Yet, behind the scenes, 30% of their revenue remains tied up in unpaid bills overdue by more than 90 days, according to the...

Did you know that the average cost of data breach for companies is $4.88M in 2024, a 10% increase over the last year? As data breaches become more rampant, cybercriminals seek to exploit vulnerabilities and gain unauthorized access to valuable data. Unfortunately,...

In today’s complex financial landscape, many businesses struggle to manage their finances effectively. A recent survey found that 60% of small business owners feel they need more financial management knowledge to help uncover potential savings for their practice....

Imagine you're about to give your clinic exciting new opportunities. You have clear goals, projections, and a vision for growth. However, your plans could easily fall apart if your cash flow management is poor. In fact, a U.S. Bank study found that 82% of small...

Closing the books of your practice each month can be dreadful. The process is bogged down by tedious, error-prone, and time-consuming manual tasks. On top of that, healthcare accounting is no easy puzzle to figure out. Financial data in healthcare is riddled with...