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.
Learn About Our Financial Project Execution Servicesinterim 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 ServicesFINANCIAL 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 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 TeamResource Library
Download our free resources for financial and accounting insights.
Get familiar with our unique perspective by downloading any of the resources below.
Financial Forecasting Process Guide
Learn financial forecasting process best practices and dive into the three core elements that drive accuracy.
Subscription-Based Finance Models Whitepaper
Learn best practices for building a model that informs your decision-making and drives accurate forecasts.
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.
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.
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.
Selecting Revenue Management Software Whitepaper
If you need to find a new revenue management software to handle ASC 606 compliance, this whitepaper can help.
Sell-Side Due Diligence Decision Tree
This flow chart offers a process for fielding diligence requests from potential investors and related best practices.
Financial Process Automation Checklist
Get simple tips and strategy for automating budgeting and forecasting and system selection in our two-page checklist.
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.
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!
Financial Reporting & Accounting
6 Signs You Could Make Your Accounting Department More Efficient
Diagnosing accounting department efficiency can be difficult. It’s a subjective process that depends on a variety of factors such as company size, department size, industry, business complexity and workload. Are you on the fence about whether this is the right time for your business to take steps to make your accounting department more efficient? Here… View Article
June 16, 2021Steve Rochen
Resources
Accounting Department Health Check
Dive into 12 core disciplines of high-functioning accounting departments, with additional context related to behaviors, processes and optimization.
June 10, 2021George Jacob
Financial Systems
Best Practices for Implementing a Financial System for a Small Business or Target Company
As smaller companies grow and expand their businesses, an area which is typically overlooked or neglected is implementing a new ERP system. A financial system for a small business is often put on the backburner behind day-to-day business and strategizing growth opportunities. If an ERP system is considered a low priority, gaps or holes in… View Article
June 8, 2021Radha Abboy