Archive
Monthly Archives: May 2018

VERIFIED FINANCIAL INTELLIGENCE

What is VFI? VFI stands for Verified Financial Intelligence. Professional services (accountants, lawyers, engineers, doctors and other professionals) account for over $1 Trillion per year of the US economy.  Accounting professional service fees add up to over $100 Billion of the $1 Trillion. The product or service that CPAs deliver is very simple, it’s an […]

3 Best Practices To Establish Command And Control Of Cash Flow For Chapter 11 Commercial Bankruptcies

By Tod McDonald A trustee’s chapter 11 commercial bankruptcy case objectives are simple. Ensure everyone associated with the case follows adheres to the laws established for federal bankruptcy court. Maximize the return and payment to creditors and stakeholders. To achieve these goals, one thing matters more than anything else, establish command and control of the […]

Cash Flow is Everything

By Tod McDonald, CPA, CFF/CFE, CIRA, Cofounder If there’s one lesson I’ve learned working on hundreds of clients in dozens of different industries, cash flow is everything. Standard accounting procedures if controlled properly, do a fine job of tracking how/where money is made and spent. However, after spending a lot of time with distressed business […]

A New Era in Financial Transparency

By Chris McCall, Cofounder Detailed financial and accounting data has historically been, for the most part, hidden behind a veil of complexity.  Before the explosion of compute power and plummeting data storage costs, corporate accounting generated too many transactions and too much data for management to consider every transaction in real time. Necessity being the […]