Strategic Financial Projects to Tackle This Summer

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Summer is usually a time when work slows down, and you end up with extra time on your hands. This means that there should be plenty of space to manage some of those financial projects you’ve been putting on the backburner.

As experts in helping businesses strategically tackle financial projects, we’ve outlined some beneficial tasks to tackle over summer.

Strategic Financial Projects to Tackle This Summer:

  1. Reevaluate your budget process
  2. Learn more about your current tools
  3. Take on open items from last year’s audit

Reevaluate your budget process

Look at your historical data and analyze whether it is still efficient. You might find that you need a new approach. Crunch some numbers and see if there are any ways that you can make this process more efficient.

Consider running an analysis of the current year’s budget to see if everything is happening as initially predicted and planned. Are there any things that you can do to rework it and make it better?

All the efforts that you put into this reevaluation can be a great benefit to you next year when trying to develop the new yearly budget.

Learn more about your current tools

With updates always happening and technology continually advancing, you may find the financial tool you are currently using isn’t being used to its full potential.

Spend a few hours and get to know these tools and applications. Follow along with tutorials and guides, look up any questions that you might have and see what features you’re missing out on.

By adding software retraining to your financial projects, you can improve the value that you are receiving from your software. You might just discover something that could make your daily tasks more manageable.

Take on open items from last year’s audit

After an audit is completed, one of the most natural things to do is to go back to work and sigh a breath of relief. While this is perfectly okay, there could be some open items that still need addressing a few months or years down the road.

By checking out last year’s audit report, you can spot anything that might need attention and compare it to the current year. Is your company falling into a deficit or keeping with a dangerous pattern? Finding these things out now can help you to correct them before it’s too late.

Using your extra time to review your financial projects not only helps you but also helps the company.

You may also enjoy, “Is it Time for an ERP System Upgrade”.

Looking for a Trusted Partner?

DLC is a professional services firm helping companies drive transformation and growth, one project at a time. Our team provides flexible, efficient, on-demand execution of your financial projects.

Contact us today to learn more about how we can help or explore our services below.