Topic:

Show All

Feb 23, 2017 11:00:00 AM

How to Enhance Shareholder Value by Optimizing Working Capital

Companies with strong working capital have a competitive advantage in the marketplace and are poised to take advantage of growth opportunities—whether that means expanding a product line or acquiring a company. In addition, having significant working and strong liquidity gives CEOs and boards of directors a distinct advantage when it comes to weighing financing options. And, as we pointed out in last week’s blog, CFOs have a more strategic role than ever so optimizing working capital is a key priority.

Continue reading >

Topics: Shareholder Value, Optimization, CFO

Feb 16, 2017 1:30:00 PM

How CFOs Can Successfully Navigate Their Changing Role Within the Organization

The CFO role is changing and those that embrace that change will successfully grow their companies. Last week, we identified five challenges we see for CFOs in 2017.  As the first blog in this series, we will help you anticipate and navigate the risks and opportunities the year brings.

Continue reading >

Topics: Leadership, Proactively Guiding, CFO

Feb 9, 2017 1:00:00 PM

Top 5 Middle Market CFO Challenges for 2017

I can safely say that, so far, 2017 has been anything but dull. With a new administration in place, our clients and you as well, are likely watching the political and business drama unfold and wondering what effect it will have on your business and how to plan for growth in the future. 

Continue reading >

Topics: Leadership, Anticipatory, CFO

Jan 26, 2017 10:30:00 AM

4 Reasons Why Hiring the Wrong Penetration Testing Firm Will Hurt

Watch the news—cybersecurity is the hot topic in the business world today. With all this attention, it’s no surprise that more service providers are adding cybersecurity to their service menu. Offense-oriented services, like penetration testing, can be a cost-effective way to identify vulnerabilities. Executives, senior management, and boards of directors are keen to find their own weaknesses, as they are the ones that will be held accountable in a breach.

Continue reading >

Topics: Cybersecurity, Penetration Tests, Data Security

Jan 19, 2017 11:30:00 AM

4 Key Focus Areas for Effective Vendor Management

Vendor risk is one of the key problem areas of enterprise risk management. Among other things, outsourcing critical processes and systems containing confidential information makes the challenge of managing vendor risk and compliance even more difficult. According to Director of Cyber IT Risk Services Bryan Allison, businesses should focus on four key areas in order to protect themselves, their employees, the customers that are the core to their existence, and even the vendor. Read more about efficiently and effectively managing risks in vendor relationships in Bryan’s HORNE Cyber blog below.  

Continue reading >

Topics: Vendor Management, Risk Management

Jan 12, 2017 10:30:00 AM

Why You Should Make Your GRC Approach More Flexible in 2017

As we start 2017, I'm sure you've at least thought about making personal New Year's resolutions. Whether it's health or life balance or career advancement, the start of a new year is a perfect time to assess where we are as individuals. I'd like to suggest that it's also a perfect time to assess where we are as companies.

Continue reading >

Topics: Compliance, Governance, Risk, continuous monitoring, Threshold triggers

Jan 5, 2017 11:00:00 AM

Guides to Running a Better Business: 2016 Waypoints Blogs

During the past year, the HORNE PMM team has written about many of the challenges that companies in the public and middle market face. We've tried to provide straightforward, practical information that you can use immediately. Sometimes we examine the macro environment and sometimes we discuss the details. We always strive to make it relevant to your situation.

Continue reading >

Topics: Leadership, Business Planning

Dec 20, 2016 11:00:00 AM

Federal Judge Blocks Overtime Pay Rule

As businesses were preparing to implement the Department of Labor's new overtime rule, a federal judge granted a preliminary injunction delaying its implementation. The injunction came just over a week before the initial implementation deadline of Dec. 1, and left companies uncertain about the best course of action.

Continue reading >

Topics: Overtime Rule, DOL

Dec 8, 2016 10:00:00 AM

Building Your Cybersecurity Strategy for 2017

Developing a cybersecurity strategy can give your organization the foundation and mandate to develop good policies and procedures for improving resilience. As 2016 comes to an end and we begin looking into 2017, I want to reflect and provide a few observations of strategic cybersecurity mistakes we have seen this year resulting in major losses for many organizations.

Continue reading >

Topics: Cybersecurity, IT Risk, Cyberattack

Dec 1, 2016 10:00:00 AM

Has Your Goodwill Gone Bad?

Each year, a question from your auditor will inevitably pop up, “Have you tested your goodwill for impairment yet?” In 2015, that question might have sparked more grimace than in prior years; try DOUBLE the grimace.

A recently released survey of more than 8,500 publicly-traded companies in the U.S. found that total goodwill impairment increased from $26 billion in 2014 to $57 billion in 2015. Ironically, this occurred in a year characterized by exceptionally high merger and acquisition activity. The increased M&A activity last year seems to promise more write-offs in the future and even more reasons to be concerned about getting it right.

Continue reading >

Topics: Audit, FASB, goodwill impairment

Nov 17, 2016 10:00:00 AM

Biggest Takeaways from Trump's Tax Plan

After one of the most memorable and acrimonious presidential campaigns in American history, Donald Trump stunned observers by defeating Hillary Clinton to be elected the 45th President of the United States. Additionally, the Republican Party maintained control of both the House and the Senate.

This combination will give Mr. Trump and a Republican Congress a unique opportunity to shape many areas of policy, such as health care, regulatory reform, defense spending, immigration and more. However, near the top of that list will almost certainly be taxes. 

Continue reading >

Topics: Tax, Trump

Nov 10, 2016 11:00:00 AM

Alphabet Soup: Understanding the Qualifications of Risk Management Professionals

Imagine you’ve just received an email from a potential vendor looking to make a connection. You notice that after his name in the signature block he has listed five abbreviations, all intended to make him appear qualified, reputable and knowledgeable. But what do the abbreviations actually mean? Are they relevant to the service you're trying to procure? 

Continue reading >

Topics: IT Risk, Risk, Risk Management

Nov 3, 2016 10:30:00 AM

Exporting Goods or Services? The IC-DISC Tax Incentive Could Save You Thousands of Tax Dollars

Are you a small- or medium-sized company that exports its USA-made products to foreign countries? If so, are you taking advantage of a tax incentive known as an "interest charge-domestic international sales company" or IC-DISC?

The use of an IC-DISC allows you to significantly increase your company’s after-tax income. For example, profits are taxed at the dividend rate, as opposed to ordinary income tax rates that currently top out at 35 percent.

Continue reading >

Topics: Tax Planning, IC-DISC