THE 80/20 RULE

What’s in a name?

The Pareto Principle, also known as the 80/20 rule, the law of the vital few, or the principle of factor scarcity, states that for many events, roughly 80% of the efforts come from 20% of the inputs.

These ratios ring true in the finance and accounting operations of companies as well. 20% of the members of any finance and accounting department can create 80% of the value and likely execute 80% of the work.

The obverse is also true. So, as an Executive or Business owner, you can’t afford to have average people in your company. We don’t.

who we are

FINANCIAL PROJECT EXECUTION

Need help driving a key finance or accounting project?

Every C-level executive has some subset of their responsibilities that encompass their highest value contribution to the organization, and another subset that would best be delegated to others or eliminated entirely. They also have a list of pending projects with high positive ROI that are subordinated to the urgency of the day to day deadlines and fires that consume department focus. Our team provides the capacity and ability to accelerate the completion of these projects and the realization of the financial benefits.

Learn About Our Financial Project Execution Services

interim financial management

Have a newly vacated role that needs realignment?

Every instance of key manager turnover is an opportunity to re-evaluate the position and realign responsibilities and mandates with organizational objectives, and this recalibration needs to take place before a replacement is hired.

Learn About Our Interim Financial Management Services

FINANCIAL CONSULTING IN LOS ANGELES

We’re Hyper-Local.

Our entire team is on the ground in Los Angeles. We know the financial talent base in Los Angeles, we understand what drives the economy in LA, and our client base and our consulting team’s experience reflect this. While we are an industry-agnostic firm, we have deep experience in media, entertainment, emerging growth and technology, real estate, and consumer products.

About Us

8020

Apply our perspective to your vision.

Our financial consulting services team applies focus, objectivity and superior academic and professional credentials backed by a business model that encourages and rewards individual initiative and creativity with a mandate to leave clients provably better at the end of each engagement.

Meet Our Team

Resource Library

Download our free resources for financial and accounting insights.

Get familiar with our unique perspective by downloading any of the resources below.

Operational Finance in Entertainment Ebook

Get our best practices guide for making your mid-level entertainment studio more competitive.

Financial Reporting & Analysis Solutions Whitepaper

Learn how reporting & analysis solutions that bridge the implementation time gap and keep pace with business demands.

Sales Compensation Plan Tip Sheet

Learn our five best practices to creating effective sales compensation plan models that balance present realities and future goals.

Financial Forecasting Process Guide

Learn financial forecasting process best practices and dive into the three core elements that drive accuracy.

How to Build an Operational Review Program Guide

Get a 5-step action plan for building a successful operational review program to maintain traction on enterprise initiatives.

Improve Your Month-End Close Tip Sheet

Learn 5 things you can do to close earlier, prepare timely financials, and give management more time to make business decisions.

Financial Process Automation Checklist

Get simple tips and strategy for automating budgeting and forecasting and system selection in our two-page checklist.

5-Year Financial Planning Timeline

Download our free timeline to get insight into creating a 5-year plan, including recommended timings for critical phases.

Post-Acquisition Finance Integration Infographic

This two-pager offers insights into finance integration team structure and advice for managing successful projects!

Sell-Side Due Diligence Decision Tree

This flow chart offers a process for fielding diligence requests from potential investors and related best practices.

Guide to 13-Week Cash Flow Forecasts

This details attributes of best-in-class forecasts to help operating executives gauge the quality of their own forecasts.

Get More Insights

WHAT WE’RE THINKING ABOUT

Here's how our colleagues think about the issues of the day.

Financial Reporting & Accounting

NetSuite Features & Capabilities Q&A [Video]

In our new video, 8020 Consulting’s Julian De Luna and David Lewis discuss NetSuite features and capabilities that are often underutilized and underleveraged. Watch to learn common issues, misconceptions and forward-looking opportunities of one of the most commonly implemented financial systems around. Watch the Video Listen to the Recording We’ve also included the transcript (with… View Article

August 4, 2020Kelly Patchett

Financial Planning & Analysis

Revisiting Business Assumptions: A Profitable Good Habit

8020 Consultant Jennifer Swieca explains how taking a periodic look at assumptions can help to avoid turnaround situations and ensure continued profitability. Explore the importance of regular evaluation of business assumptions.

July 30, 2020Jennifer Swieca

Financial Reporting & Accounting

SEC Disclosures to Consider Due to COVID-19

As companies prepare for the upcoming earnings season, the overall decline in operational results for many should be no surprise due to COVID-19. Learn about the SEC disclosures you should consider due to the pandemic.

July 28, 2020Rathid Aliji

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