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.
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.
See All the Ways We Can Helpinterim 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 moreFINANCIAL 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 Us8020
Apply our perspective to your vision.
Our team applies focus, objectivity and superior academic and professional credentials backed by a business model that encourages and rewards individual initative and creativity with a mandate to leave clients provably better at the end of each engagement.
Meet Our TeamResource 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.
Financial Systems
Notes from the Field: Avoiding Surprises in ERP Stabilization Projects
This blog is based on my recent experience with a client that had implemented Microsoft Dynamics AX/Dynamics 365 for Finance and Operations. That enterprise resource planning (ERP) software offers benefits such as end-to-end system connectivity, resulting in profitability, transparency, and efficiency. It’s robust, but agile at the same time, and has a very familiar Microsoft… View Article
August 22, 2019Jackson Quach
Financial Planning & Analysis
Optimizing Your Price Increase Strategy
Price increases are a fairly controllable tactic for Finance teams looking to improve profitability. Ultimately, price increases can come in several forms (e.g., adjusting rebates or cost to serve) and may only apply to select customers. After collaborating with leadership, sales, and marketing teams to select the specific product/solution(s) for which to raise pricing, several… View Article
August 15, 2019Marco Moreno
Financial Systems
NetSuite SuiteAnalytics: Leveraging Built-In BI
While NetSuite has long been a leader in embedded analytics, Oracle clearly recognized the need for more robust reporting and analytics tools. As a proxy to and an improvement upon other third-party, plug-in solutions, Oracle developed its own solution natively embedded within its already industry-leading ERP. Netsuite SuiteAnalytics is a built-in analytics and reporting package… View Article
August 13, 2019Chris Moss