GRF Financial Foresight

Insights from the team on the GRF blog

Aligning Departments for Common Goals

In the many years working with service-based companies, there have been a number of common themes around an ‘us vs. them’ mentality within the office. In most cases, department goals and incentives are the root cause of these conflicts. Sales and marketing teams are pressured to drive more business, but the project managers feel like…

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What is the Nonprofit Finance Digital Transformation Tipping Point?

In the digital age, good stewardship requires an overhaul of many manual, paper-intensive processes. By using technologies like cloud computing, artificial intelligence, and open APIs for integration, digital transformation empowers nonprofit finance teams to make data-driven decisions for greater impact. Recently, digital transformation was the topic of a presentation at the Nonprofit Finance Leaders Forum….

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Government Contractors Struggle with DCAA over PBR Approvals

For government contractors with cost reimbursable contracts including Cost Plus Fixed Fee (CPFF), Provisional Billing Rates (PBRs) are projected indirect rates approved by the Administrative Contracting Officer (ACO), or more commonly by the Defense Contract Audit Agency (DCAA).  PBRs allow a contractor to estimate anticipated year-end final rates to be used in their monthly interim…

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Fraud Control and Prevention: Proactive Measures

The Association of Certified Fraud Examiners (ACFE) publishes a bi-annual, Report to the Nations (the Report) providing detailed statistics and key findings related to fraudulent activity by industry throughout the world. The 11th study of occupational fraud, the publication serves as one of the best sources of fraud-related data and information the globe over. GRF’s…

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Fraud Control and Prevention: Mastering the Basics

Keeping it simple provides more protection than you might expect By Mac Lillard, CPA, CFE, CISA, CRISC, CITP, PCIP Manager Risk & Advisory Services During 2020, the Federal Trade Commission (FTC) received more than 2.2 million reports of fraud, up 500,000 from the 1.7 million reports filed in 2019. The significant increase in fraudulent activity…

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