Rho Nov Update: Budgeting Edition ??
Editor's note: This post originally appeared in Rho's monthly newsletter, which you can sign up for?here.??? ?? ??
November budgeting season has arrived, so we pulled together a few resources in this month’s newsletter that we hope you find helpful as you navigate this critical process.??
We also have some exciting new Rho product initiatives to share.?
But first,?what did you think?about the #fed rate hike decision yesterday??Our corporate treasury advisor? Michael Dombrowski shared his thoughts with us this morning.??
Expert advice: Budgeting
CFO coach Duke Heninger, CPA ?shared his advice?on how to get ready for budget season. FYI Duke is an upcoming guest on the Rho with CFO podcast (more on that below).?
We found?this budgeting Q&A?published by Strategic Finance Magazine insightful.?
The FP&A Guy, Paul Barnhurst gives some?financial modeling and budgeting advice.
Our friends at Escalon Services, LLC pulled together a?helpful budgeting guide?for times of uncertainty.?
Our CFO Jeremy Klaperman launched?a new podcast?for busy CFOs who want to take their leadership to the next level – and controllers and accountants who want to become CFOs one day.?
领英推荐
In the?first episode, The FP&A Guy,? Paul Barnhurst ?shares how finance teams change as companies scale, how they can better optimize their time, and more.?
You can find this episode on the?Rho blog,?Spotify,?or?Apple Podcasts?– 13 minutes long, perfect for a lunch break or commute listen.?
Rho product updates
Rho App version 1.4 live:?Available in the?App Store?and?Google Play Store, the latest Rho App update includes a new home screen layout with spend monitoring across all Rho Cards and on-the-go control settings.?
New secure card detail sharing feature:?Instead of sharing card details with colleagues over Slack or reading over the phone to pay vendors, you can now send a secure, one-time card access link via?bank.rho.co?and the Rho App.?
New Accounting dashboard for NetSuite & QuickBooks customers. This new dashboard gives you full mapping visibility, flags transactions that need attention, and lets you make adjustments before sync – potentially saving you hours of time.
Looking ahead: Holiday season planning
To close us out, we asked our partner? Flowspace :
Q: What’s the biggest mistake that companies make when it comes to holiday season planning?
A: The biggest mistake many finance teams make is not having the logistics infrastructure in place to handle not only planned order flow but also primed to manage operations when unexpected spikes occur. For example, many D2C companies see spikes caused by viral content on social commerce platforms. Ahead of the holiday season, that’s where?Flowspace’s?integrated warehouse network and order management software can help to ensure?your supply chain is optimized through the busiest sales season of the year.?
We hope you found today's edition helpful!
JW