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
Built in California, ready to deploy where you need us.
8020 Consulting's team works with clients across California and beyond. Traditionally, our business centered on in-person projects, but the impacts of COVID-19 have shown us the efficiency and effectiveness of virtual deployments. Additionally, a subset of our team loves to travel for engaging financial and accounting work. While we are an industry-agnostic firm, we have deep experience in software, hardware, ecommerce, media, entertainment, emerging growth and technology, real estate, private equity 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, and they're 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
Here are some of our free resources for financial and accounting insights.
Get familiar with our unique perspective by downloading any of the resources below, or visit our Insights page for more.
ERP Implementation Stages Guide
Get a solid foundation on ERP implementation steps and stages, and improve the odds of a successful implementation.
Financial Forecasting Process Guide
Learn financial forecasting process best practices and dive into the three core elements that drive accuracy.
Accounting Department Health Check
Dive into 12 core disciplines of high-functioning accounting departments, with additional context related to behaviors, processes and optimization.
Post-Acquisition Finance Transformation Guide
Learn a framework for navigating the complex post-acquisition finance transformation process and other important considerations.
Subscription-Based Finance Models Whitepaper
Learn best practices for building a model that informs your decision-making and drives accurate 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.
Real Estate and Construction Finance Whitepaper
Our whitepaper offers insights on diagnosing common finance and accounting pain points in real estate and construction businesses.
Sell-Side Due Diligence Decision Tree
This flow chart offers a process for fielding diligence requests from potential investors and related best practices.
CAPEX Business Case Memo Example
This CAPEX report template offers key sections to include in your reports, as well as a focus on brevity, without compromising on comprehensiveness in answering the main lines of inquiry.
5-Year Financial Planning Timeline
Download our free timeline to get insight into creating a 5-year plan, including recommended timings for critical phases.
Accounting Process Improvement Strategies Guide
Get our comprehensive guide to using the ESOAR methodology to improve accounting processes within your organization.
Financial Planning & Analysis
Avoiding Common Pitfalls in Your Annual Planning Cycle
A proper financial planning and analysis process results in faster decision making, the mitigation of revenue and cost risks and performance optimization for the entire organization. Upon entering an annual planning cycle, it is critical not to take for granted the obvious questions that can provide key insights to financial assumptions in your model. And more… View Article
November 16, 2022Casandra del Carmen
Financial Systems
IBM Cognos TM1 vs. Planning Analytics: A Guide to the Transition & New Features
Planning Analytics is the new buzz word for organizations making the change to the latest version of Cognos TM1, but what is the buzz all about? The answer starts with the name: Planning Analytics, or “PA,” is the new name for TM1. In terms of the differences between IBM Cognos TM1 vs. Planning Analytics, much… View Article
November 9, 2022Kieran Chatulani
Business Stabilization
A Helpful Business Continuity Plan Checklist
For strategic business planners, COVID provided many lessons as the ultimate stress test, bringing issues seemingly from all angles. The scale and length of the disruptions likely stretched many a business continuity plan beyond their limits in a very short amount of time. It is imperative that companies redefine the breadth of their planning to… View Article
October 26, 2022Jim Hliboki
