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January 2018

Hello, everyone. I hope you've had a good start to 2018.

We have two new Principals effective January 1, 2018. Congratulations to Phil Lampugnano and Yoko Yamamoto! This is great news for us.  We are looking forward to exceeding your expectations as always.


Koh Fujimoto

CDH

 

CDH is excited to announce the promotions of
Yoko Yamamoto and Phil Lampugnano to the position of Principal.


Yoko Yamamoto joined CDH in 2006 as a Senior Accountant in the Business Advisory Services Group, providing financial accounting and tax advice to international clients. She has over 15 years of experience in the Accounting and Finance industry and specializes on working with international companies. (read more)

Phil Lampugnano joined CDH in 2007 as a Staff Auditor in the Assurance Department where he remained for 10 years and reached the level of Senior Manager.  During his time in Assurance, Phil worked on a large range of audit clients and has expertise in the manufacturing, distribution, professional services and leasing industries. (read more)

As the CEO or President of your company do you sometimes find that the level of engagement within your management team is lacking?  That individual managers are only focused on their own functional area at the detriment of the entire organization?  Part of the issue could be that these individual managers do not have a clear understanding of how the sum of the parts impact the total financial performance of the company.

Solution:  CDH’s Executive Focus service offering.  Using our Executive Focus solution, we can help you transform your business and create sustainable growth.  How do we do this?

  • We develop a custom set of business metrics that represent your organization’s function as a whole.
  • We focus on Key Performance Indicators (KPI’s) that clearly reflect efficiencies and value add capabilities.
  • We facilitate monthly management team meetings to highlight and discuss the trends and relationships in your results to drive a culture of continuous improvement.  If your organization is not continually improving you are losing ground to the competition.


The Impact on Your Management Team

  • A better understanding of your business and the factors that influence growth
  • Clearer objectives
  • Improved internal communications
  • Better decision making
  • Superior integration of functional areas
  • Improved profitability
  • Well defined action items that hold people accountable


The Result:  A MORE ENGAGED MANAGEMENT TEAM.  As the team better understands how the decisions of each individual manager impact the overall company results they naturally feel a sense of ownership and accountability in contributing to the accomplishment of the company’s goals in terms of performance and profitability.
 

Interested in learning more about CDH's Executive Focus?  Contact us today!

After several months of news coverage and conversations regarding workplace harassment claims, I am struck by the emotion this topic evokes. The most painful, of course, are from the victims; but also impactful are the reactions from many business leaders who recognize the negative effects of harassment on their brand; particularly if the news of harassment hit the media the way the high profile cases have dominated the latest news cycle.
In addition, business leaders are considering the impact harassment has on their employees’ morale and overall productivity. Looking for a positive outcome in the ashes of the high profile careers highlighted through sexual harassment claims, my hope is for employers to hear the cautionary tales and take this opportunity to stand in front of the issue by reclaiming their company cultures.
Company culture is often left to be an implied rather than expressed set of beliefs and rules that influence how employees behave and interact with each other and with external customers.  In that sense, company culture can not only influence but also drive behavior.  When considering the power company culture has on productivity, it is something that should not be left to evolve on its own (read more)
 
 

On Jan. 22, President Trump signed into law a short-term spending bill (called a Continuing Resolution or “CR”) to reopen and fund the federal government for three weeks (through Feb. 8, 2018) after it was passed by both chambers of Congress.

The CR delays or suspends three taxes under the Affordable Care Act (ACA) and extends funding of the Children’s Health Insurance Program (CHIP). To learn more about which ACA taxes were impacted, please click here.

If you have additional questions, please contact John Jaeger at OneDigital Health & Benefits; jjaeger@onedigital.com

 
 

The ASC 606 switch isn’t simple, and now that the deadline to adopt the new standard for most public companies has arrived, the reality is that many are woefully unprepared for the significant changes it brings. I fear that some public companies will be forced to restate their revenues, and their stocks will fall sharply in that aftermath.

Even private companies, which have an additional year to adopt the standard, will run into trouble if they aren’t in compliance with ASC 606. Raising venture funding or getting traditional bank loans may be out of the question if firms don’t have financial management systems that conform to the new standard.

I believe the impact of ASC 606 will rival that of the Sarbanes-Oxley Act of 2002, which sought to protect shareholders and the general public from accounting errors and fraudulent corporate practices. We all remember how painful that transition was for many U.S. businesses, as they paid astronomical costs to meet the requirements and leaned hard on their finance and internal audit teams to do so.  (read more)

 

Being “comfortable” is risky…….with outdated Excel reporting on key financial metrics

Most accounting staff have used and developed reports off Excel.  It’s a global tool but often will mutate into different versions of reality, especially when formulas are derived from many different users/sources. There are definite risks in making key business decisions off a spreadsheet developed and possibly shared across various financial users. Sage Intacct gives you a controlled and secure environment to run standard or custom reports……one source of truth.

  • Data integrity: there’s always the risk of human error with Excel
  • Improve collaboration: schedule reports and communicate out to key staff to make better/faster decisions with complete transparency
  • Introduce flexibility: insights into historical and current data, drill down to transactions for necessary detail
  • Value added time: spend your time analyzing data rather than time consuming compilation of data
  • Real time: your reports are current, not based on older data from Excel


Sage Intacct provides the business intelligence tools to take your company to the next level. It is cloud based 24/7 and gives key users access via any device to drive the right decisions.

For more information on Sage Intacct, please contact Barry Coyne.

We can all agree that Google’s search technology has improved the speed and efficiency at which we are able to locate information we need. I am pleased to share with you how their Google Search Appliance  allows you to search for local documentation within your firm in the same, powerful way.

Google Concept

Some of you may remember Google developed a local search program for workstations called ‘Google Desktop,’ which lasted until around 2011. It was adopted by many businesses as it allowed you to search your local documents in much the same manner as Google Search, explore the web, and integrate with other Google services such as Google Talk and Gmail as well. At the time of its release, Google Desktop was a huge shift from local to a cloud-based storage and computing system. You now had access to all your data with a click of a button online and even offline. This is concept that the Google Search Appliance was built upon.

What is the Google Search Appliance?

The Google Search Appliance is its own server which runs on an enterprise network. Like the Google Desktop, it indexes the company’s data resources so that users can search for documents, but the search can be conducted network-wise, as opposed to just on a single PC. (read more)
 
 

Cyber Security Fundamentals

Tips and Tools for Protecting Your Business

Speakers:

Louis F McHugh IV, Director of Information Technology at IIT

Dave Browne, Carbonite Solutions Engineer

Steve Weging, CDH Information Technology Manager
 

Join us Thursday, February 1st to learn more about Cyber Security and Disaster Recovery.
A happy hour will be held after the presentations for a great networking opportunity!

 
Congratulations to new global CEO, Anton Colella on making number 29 on the Accountancy Age Financial Power List 2018! (read more)