Is an Audit-Ready Business a Smart Investment Opportunity?

An audit ready business is almost always a smarter, lower-risk investment because it offers transparent, timely, and verifiable financial information, stronger internal controls, and a proven culture of accountability—factors that directly impact valuation, access to capital, and long-term scalability. For investors, lenders, and acquirers, audit readiness reduces uncertainty, shortens deal timelines, and lowers the odds of nasty surprises after the check clears.

As a founder who has spent two decades inside the books of thousands of small and midsize companies, I’ve watched investors walk away from promising deals simply because the numbers were messy—and overpay for others because the business was consistently audit ready, credible, and easy to diligence. In this article, I’ll show you how to quickly recognize an audit-ready business, quantify the investment upside, and turn audit readiness into a strategic value-creation play if you’re on the operating side.

Is an audit-ready business a smart investment opportunity?

• Yes—an audit-ready business is generally a smarter investment because its clean, verifiable financials, strong controls, and compliance posture reduce risk and support higher valuations
• Audit-ready companies maintain accurate, timely books, documented controls, and readily accessible evidence, enabling faster and more reliable due diligence
• This transparency builds investor confidence, supports easier capital raises, and often results in better lending terms and exit multiples
• Continuous audit readiness also correlates with better operations—lower fraud risk, fewer errors, and tighter cost control—improving long-term returns
• For founders, proactively becoming audit ready can itself be a value-creation strategy to attract sophisticated capital or prepare for a sale

What Does “Audit Ready Business” Really Mean for Investors?

Audit readiness is not just “being able to survive an audit.” It’s a continuous state where the business can withstand external scrutiny at any time with minimal remediation. This operational discipline separates serious companies from those still playing catch-up.

Defining an audit ready business for due diligence

An audit ready business maintains several critical components that make investor evaluation straightforward and reliable:

• Clean, timely financial statements: Monthly closes, reconciled bank and credit card accounts, accurate aging schedules, and GAAP/IFRS-aligned reporting where applicable

• Documented and operating internal controls: Clear approval workflows, segregation of duties, consistent revenue recognition, and documented policies reduce the chance of misstatement and fraud

• Evidence on demand: Ability to quickly provide invoices, contracts, payroll registers, and support for key balances—without a fire drill—indicates strong process maturity

• Regulatory and tax compliance: Timely filed tax returns, payroll compliance, and relevant industry certifications reduce the risk of contingent liabilities and penalties

• Culture of accountability: When finance, operations, and leadership treat audit readiness as “how we run the business,” not a once-a-year panic

Why Audit-Ready Businesses Often Outperform as Investments

The numbers tell a compelling story. Research from the Association of Certified Fraud Examiners shows that occupational fraud costs the typical organization 5% of its annual revenue every year. For a $10 million company, that’s $500,000 potentially vanishing into thin air—money that should flow to investors or growth initiatives.

How audit readiness boosts investor confidence and valuation

Audit-ready companies create value through multiple channels that directly benefit investors:

• Enhanced stakeholder confidence: Audit-ready companies project financial discipline, making investors and lenders more willing to commit capital and accept favorable terms

• Faster access to capital and exits: When books are always ready, the company can respond quickly to acquisition interest, recapitalizations, or credit opportunities

• Lower due diligence friction and cost: Clean, organized data rooms mean fewer follow-up requests, shorter exclusivity windows, and less “deal fatigue”

• Reduced risk of post-closing surprises: Strong controls and year-round reconciliations lower the odds of restatements, tax exposures, or undisclosed obligations that can erode returns

The operational upside behind the numbers

Audit readiness delivers concrete operational benefits that compound over time. Companies with surprise audit capabilities experience 63% lower fraud losses—a median of $75,000 versus $200,000 for those without. Additionally, audit-ready companies can reduce their month-end close time by up to 40%, freeing finance teams to focus on strategic analysis rather than repetitive reconciliation work.

These efficiency gains translate into:

• Operational efficiency and cost savings: Audit-ready practices simplify reconciliations, reduce rework, and often lower external audit fees substantially

• Fraud prevention and error reduction: Regular reconciliations and control reviews catch discrepancies early, lowering direct loss and reputational risk

• Scalability and growth readiness: Standardized processes and systems make it easier to integrate acquisitions, expand to new markets, or pursue IPO-level governance

How to Spot an Audit Ready Business in 60–90 Minutes of Diligence

Quick diagnostic checklist for investors

Smart investors can assess audit readiness quickly by focusing on these key indicators:

• Monthly close discipline: Ask when the books are normally closed; consistent close within 10–15 days is a strong positive signal

• Reconciliations and schedules: Confirm up-to-date bank, credit card, and key balance reconciliations, plus AR/AP aging that tie to the GL

• Documentation and policy set: Look for an accounting policies manual, documented approval matrices, and revenue recognition guidelines

• Evidence sampling: Pull a small sample of invoices, contracts, and payroll items and trace them through the system; sloppiness here often represents broader risk

• Audit and review history: Prior clean audits or reviews by reputable firms are strong credibility indicators; recurring “scope limitations” or material weaknesses are red flags

Red flags that signal audit-readiness risk

Watch for these warning signs that often predict deeper problems:

• Chronically late or constantly revised financials
• Heavy use of manual spreadsheets for core accounting with no clear owner
• Inconsistent revenue recognition or aggressive capitalization
• Unreconciled accounts or unexplained suspense balances
• A leadership team that views accounting as “just compliance,” not as decision infrastructure

Worth noting: KPMG’s 2024 IPO study found that 44% of companies going public disclosed material weaknesses initially—but 26% fixed them before their first official filing. Gaps can be remedied with the right focus and resources.

Clarity attracts capital. Complete Controller.

Where Audit Readiness Directly Impacts Investment Returns

The economics: from fees to market value

The financial impact of audit readiness extends across multiple areas:

• Lower transaction and audit fees: Well-prepared entities require fewer auditor hours and fewer legal/accounting clean-ups. Since SOX compliance began, audit fees have risen 34%, making efficiency crucial

• Reduced risk of restatements and value loss: GAO research shows even routine restatements can shave about 2% off market cap within days

• Better alignment between reported and “real” performance: When the numbers are reliable year-round, investors can underwrite performance drivers with more precision, improving capital allocation

• Improved financing terms: Banks and private credit providers often reward audit ready borrowers with better covenants and pricing because risk and monitoring costs are lower

Case study: Audit readiness unlocking investor confidence

A training services business with $2 million in revenue faced $200,000 in balance sheet errors and inconsistent revenue recording. Working with financial experts, they cleaned all records, standardized processes, and validated third-party integrations. Within 18 months, the company achieved completely accurate, verifiable financials.

During the sale process, this accuracy meant fewer follow-up questions from the buyer, no surprise adjustments during due diligence, and a favorable sale price because the buyer had confidence in the numbers. The seller closed the deal with the financial team still in place to support the transition.

Turning Audit Readiness into an Investment Strategy

How investors can create value by enforcing audit-ready standards

Savvy investors actively use audit readiness as a value-creation lever:

• Bake audit readiness into deal terms: Require a formal audit readiness plan within the first 6–12 months post-close, including a timeline to reach clean audited financial statements

• Use assessments as a roadmap, not a punishment: An audit readiness assessment can identify control gaps and process weaknesses before the formal audit, turning “gotchas” into value-creation projects

• Tie management incentives to milestones: Align bonuses with timely closes, reduction in audit adjustments, and implementation of key controls

• Leverage technology and outsourced bookkeeping: Modern accounting platforms plus specialized firms like Complete Controller can standardize processes and documentation cost-effectively, especially for SMBs

Founder’s perspective: what I’ve seen work in the real world

From my experience at Complete Controller, the portfolio companies and privately held businesses that commit to being audit ready—long before a sale or raise—almost always spend less on emergency “clean-up” accounting, close deals faster with less pricing pressure, and attract more sophisticated investors who bring better strategic value.

The Human Side: Trust, Transparency, and Investor Relationships

Why audit readiness is about more than numbers

Audit readiness communicates something fundamental about a company’s character and leadership:

• Signals integrity and professionalism: Audit readiness communicates that leadership takes stewardship seriously, which is often a leading indicator of how they treat customers, staff, and partners

• Reduces anxiety on both sides of the table: Investors and founders can focus on strategy and growth rather than defending or deciphering the numbers

• Builds long-term partnerships: Companies that can consistently answer tough financial questions with evidence earn the right to ask for follow-on capital and long-term support

Final Thoughts

If I were sitting purely on the investor side of the table, I would consider an audit ready business a premium opportunity. I’d expect cleaner diligence, fewer surprises, and a better foundation for scaling. While I’d still evaluate market, strategy, and management, audit readiness would meaningfully tip the scales in favor of investing—or justify paying a better multiple.

The data backs this up: audit-ready companies experience lower fraud losses, faster monthly closes, reduced audit fees, and smoother exits at better valuations. Whether you’re an investor evaluating opportunities or a founder preparing for growth, audit readiness is a competitive advantage that pays dividends across every aspect of the business.

Ready to make your business truly audit ready? Visit Complete Controller to explore how my team and I can help you build the financial foundation that attracts smart capital and drives sustainable growth.

Frequently Asked Questions About Audit Ready Business

What does it mean for a business to be audit ready?

It means the business maintains accurate, complete, and timely financial records, documented internal controls, and readily accessible evidence so an external auditor can perform an audit at any time with minimal remediation.

Why is audit readiness important for investors?

Audit readiness reduces financial, compliance, and operational risk, speeds up due diligence, and increases confidence in reported performance, which in turn supports better valuations and deal terms.

How does being audit ready benefit the business itself?

Benefits include stronger internal controls, reduced fraud and errors, lower audit and compliance costs, more efficient operations, and improved ability to raise capital or pursue strategic transactions.

Is audit readiness only relevant for large or public companies?

No—private companies, startups preparing for funding, and any business in regulated or high-stake environments all benefit from being audit ready, especially when seeking investors or bank financing.

How can a small business become audit ready without a large finance team?

By standardizing processes, leveraging cloud-based bookkeeping tools, conducting an audit readiness assessment, and using outsourced accounting providers, small businesses can achieve audit readiness cost-effectively.

Sources

• BDO. “The Strategic Importance and Benefits of Audit Readiness for Nonprofit Organizations.” BDO, n.d.
• BPM. “Audit Readiness – Everything You Need to Know.” BPM LLP, n.d.
• “Benefits of an Audit-Ready Business.” Complete Controller, n.d.
• Growth Operators. “Strategic Financial Year-End Focus: Audit Readiness.” Growth Operators, n.d.
• Savant Labs. “What Is Financial Audit Readiness? Meaning, Benefits, and Checklist.” Savant Labs Blog, n.d.
• FloQast. “Audit Readiness Assessment: Understand the Importance and Start Planning.” FloQast Blog, n.d.
• Letsbloom. “The Importance of Audit Readiness Assessments.” Letsbloom Blog, n.d.
• Abdo. “How a Financial Statement Audit Could Benefit Your Startup.” Abdo, n.d.
• Bright Defense. “Audit Readiness: Your Guide to the Perfect Compliance Audit.” Bright Defense, n.d.
• Pentagon Assurance. “7 Key Benefits of Audits for Business Success.” Pentagon Assurance, n.d.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Reviewed By: Brittany McMillen

Brittany McMillen

Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.

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Regardless of the proficiency of your workforce, there comes a time when they begin to feel tired. If one or more of your team members show signs of employee burnout, know that it is time they badly need some time out. Usually, employees working in a fast-paced work environment feel tired and exhausted early. The same is not the case where employees work in a relaxed atmosphere. Perhaps this tells us that employee burnout has something to do with the burden of work. Indeed, the responsibility of work is one of the reasons, but there are many others.

Why is Preventing Burnout Important?

Before we find ways employees feel burned out at work, it would help to identify why this happens in the first place. Businesses set monthly, quarterly, and annual targets for teams. To achieve these, managers ask and expect their teams to work their hearts out. Employees respond by pushing their performance envelope all the time.

Maintaining this pace for some time makes them feel tired and mentally exhausted. Such employees take some time off work. They have difficulty paying attention to work, even during duty hours. Good managers can pinpoint who may be experiencing burnout. They try ways to prevent burnout using various techniques. Managers often try the following to identify and avoid employee burnout:

Deploy Employee Wellness Programs

It is a norm for employees to feel isolated and overworked. Managers have a responsibility to make every employee feel comfortable in the workplace. To ensure employees feel at ease, managers must make them feel comfortable. One of the ways they can achieve that is by coming up with employee wellness programs. They may need approval from higher-ups. Once approved, the manager must announce the program is in place and employees can benefit from it. Wellness programs may include holidays, dinners and events, bonuses and prizes for achievers, etc.

Maintain Work-Life Balance

Employees tend to feel tired during the day, which is normal. However, they are done and dusted when you see them tired and bored and feel sleepy at the beginning of the day. Managers can cheer up such employees using various methods, including a proper work-life balance. Try not to push employees and make them work long hours every other day.

Request them to leave for home and do their work for the day during duty hours only. It will improve their efficiency and give them enough hours to enjoy quality time with family. Not to mention, it will reduce employee burnout considerably.

Facilitate Work at Home Occasionally

With Covid-19 protocols in place, working from home is integral to every workplace. As a friendly gesture, allow your team members to work from home from time to time. Working from home will make them feel relaxed, knowing they can work from the comfort of their home. It will save them money and time without reducing their work efficiency. On the contrary, there have been notable cases where employees notably improved during WFH.

Communicate with Your Employees

A principal reason employees feel exhausted at work is a lack of communication. They know the targets but often experience barricades when meeting them. Proper communication can effectively eliminate many barriers, including lack of communication. Managers must maintain frequent communication with employees to make them feel at ease. Discussing performance-related issues can also relax your employees and help them refocus on the targets at hand.

Set Realistic Targets and Performance Goals

Employees feel burned out in many ways, especially when they have unrealistic targets to achieve. An employee who is unable to complete his monthly targets can feel discouraged. Such employees suffer from issues like low esteem and lackluster performance. Missing targets become a norm for such employees, and managers won’t like that. As someone who understands employee behavior, it is best to discuss their targets with your employees and make them realistic.

It will let them reach targets easily. Ask them not to make it a practice to miss monthly targets and motivate them by reminding them how they achieved targets last time. It will encourage them to an extent and allow them to develop strategies to reach targets more efficiently.

It is widespread for managers to use efficient ways to prevent employee burnout. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Being in a professional organization means that some fixed regulations must be followed, but that is not always the case. As the workers are the stakeholders of the business, then it means that they are a part of the organization and know its situation, too.

One of the critical difficulties small and medium-sized businesses face is the timely management of payroll. Since SMEs usually function with monthly budgets and tight plans, a slight delay in a payment or a setback of any sort could severely impact the cash flow and, eventually, the payroll.

When setting up a salary, there is always wiggle room to negotiate. A business needs some payroll wiggle room to manage its financial position more appropriately when facing any crisis and ensure they are not on a tight budget.

Payroll is a list created by the company that enlists the workers’ information in the organization and calculates their monthly or daily pay. Businesses find strategies to manage their expenses accordingly and solve the issues caused. One of the solutions could potentially be finding wiggle rooms in their payrolls. To manage their payrolls thoughtfully, they should avoid some common mistakes.

• Making mistakes and errors. This common mistake leads to delayed payments, making the owner make all their expense payments simultaneously. It will lead to no planning and no wiggle room to save extra money.
• Untrained staff creating the payrolls. The firm should either get payroll software or train their staff on making payroll, as the chances of overstatement and understatement are very high.
• Saving up extra money. Instead of saving up so much money, the business should hire a team that provides you with the services of creating payrolls.

To find wiggle room in your payroll, you should try these strategies:

• Create the payroll as soon as possible. It will motivate the employees, and their productivity might increase. You could take advantage of their acceptable behaviors and suggest wiggle rooms by explaining the business situation. The extra funds will benefit them in the long run as the business will be more successful and have higher wages.
• Try paying the wages through check: Most companies use direct debit to pay their employees, but going old school could be beneficial. It could result in late withdrawal and will by the depositor sometimes, creating a wiggle room. It will only apply if the withdrawals are not performed online or through ATMs.
• Exceed payments of other expenses. Most of the additional costs have room for delayed payments, such as trade payables. You should avoid late payments to the workers at all costs, as this will ruin the relationship between the employee and the employer. You can also find ways to cut down your unwanted expenses to obtain extra funds in the business for any potential emergencies.

If you have senior employees who have been in your business for a long time, creating some wiggle room with them might not be as difficult. The best way for a company to generate wiggle room is by communicating. It is not the only way to make wiggle room. You can also find ways to use the money in your bank account, which you pay back, to stay longer in the business. A business should look for other ways to save costs, like cutting their expenses to have some extra amount in their accounts.

The firm should invest in payroll companies to experience better performance and to have a better payroll system. The most important way to find wiggle rooms should always be to have accurate accounts. A wiggle room in payroll plays a remarkable role in cost-saving as you can pay your workers less than the usual salary. The business could use that to reinvest for further expansion or repay its debts with the saved money.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Reframe Your Future: Time to Rethink Your Strategic Plan

Reset strategic plan initiatives begin with acknowledging when current strategies aren’t delivering expected results and systematically realigning your organizational direction with fresh perspectives, updated market realities, and refined execution approaches. A strategic reset isn’t about starting from scratch—it’s about recalibrating your existing framework to unlock previously untapped potential and restore momentum toward your core objectives.

After two decades of helping businesses navigate financial and operational challenges, I’ve witnessed countless organizations clinging to outdated strategic plans long past their expiration date. According to Harvard Business Review, 67% of strategies fail, while Kaplan and Norton suggested that up to 90% of strategies are not executed successfully. The most successful companies I work with aren’t afraid to pause, assess, and reset strategic plan elements when performance indicators signal it’s time for change. This comprehensive guide will walk you through exactly how to approach this critical process systematically and effectively.

What does it mean to reset strategic plan initiatives, and why is it essential?

• • Reset strategic plan processes involve systematically evaluating, revising, and realigning organizational strategies that have lost effectiveness or relevance
• • This approach focuses on identifying disconnects between current performance and desired outcomes while maintaining core organizational values
• • Strategic resets address changing market conditions, resource constraints, leadership transitions, or performance gaps that threaten long-term success
• • The process emphasizes strategic plan implementation improvements rather than complete organizational overhauls
• • Successful resets integrate stakeholder feedback, data-driven insights, and adaptive frameworks to sustain progress

Recognizing When Your Strategic Plan Needs a Complete Reset

Strategic plans that once drove impressive growth can gradually lose their effectiveness as market conditions evolve and organizational dynamics shift. The most critical skill for leaders involves recognizing early warning signs that indicate when incremental adjustments won’t suffice and a comprehensive reset becomes necessary.

Revenue patterns often provide the clearest signals that strategic planning frameworks require fundamental recalibration. When businesses experience declining conversion rates, lengthening sales cycles, or increasing customer acquisition costs despite consistent effort levels, these metrics suggest that current approaches may no longer align with market realities. Organizations frequently discover that their ideal customer profiles have evolved, their competitive advantages have eroded, or their value propositions no longer resonate with target audiences.

Identifying performance gaps and strategic disconnects

Performance improvement initiatives become necessary when organizations notice persistent gaps between projected outcomes and actual results across multiple quarters. These disconnects typically manifest through missed revenue targets, declining market share, reduced customer satisfaction scores, or increasing employee turnover rates that suggest deeper strategic misalignment.

Internal indicators deserve equal attention to external performance metrics when evaluating strategic plan effectiveness. Teams that consistently struggle to prioritize initiatives, departments that operate in silos without clear coordination, or leadership groups that find themselves constantly fighting fires rather than driving proactive growth all signal fundamental strategic planning deficiencies.

Conducting a Comprehensive Strategic Audit Before Your Reset

Effective strategic plan implementation begins with thorough diagnostic work that reveals exactly why current approaches aren’t delivering expected results. This audit process requires honest assessment of both quantitative performance data and qualitative organizational dynamics that influence strategy execution.

Revenue analysis should examine not just total figures but also trends in customer segments, geographic markets, product lines, and acquisition channels to identify where growth has stagnated or declined. Organizations need to understand which initiatives have generated positive returns, which have consumed resources without delivering value, and which show potential for optimization through strategic plan framework adjustments.

Evaluating resource allocation and organizational capabilities

Organizational restructuring considerations emerge when audit processes reveal misalignment between strategic priorities and actual resource deployment. Many organizations discover that their budget allocations, staffing decisions, and technology investments don’t adequately support their stated strategic objectives.

Capability assessment involves examining whether teams possess the skills, tools, and authority necessary to execute strategic initiatives effectively. Strategic planning processes frequently fail because organizations underestimate the capabilities required for successful implementation or overestimate their current readiness to tackle ambitious objectives without additional investment.

Building Your Strategic Reset Framework for Long-term Success

Strategic plan framework development requires systematic approaches that balance ambitious vision with realistic implementation capabilities. Successful resets establish robust frameworks that can adapt to changing circumstances while maintaining clear direction toward desired outcomes.

The foundation of any effective reset involves clarifying organizational purpose and ensuring alignment between mission statements and operational realities. Clear purpose statements provide essential context for all subsequent strategic decisions and help teams prioritize competing initiatives.

Case study: Lego’s strategic turnaround success

In the early 2000s, Lego faced $800 million in debt with declining sales due to failed ventures into video games, theme parks, and apparel. The company successfully reset its strategy by returning to its core building block products, cutting unprofitable ventures, and streamlining operations from 13,000 brick designs to 6,500. They engaged fans through crowdsourcing innovations and expanded into cross-media with hit films like The Lego Movie. This strategic reset transformed Lego into the world’s most valuable toy company, overtaking all competitors.

Aligning team goals with strategy through collaborative planning

Aligning team goals with strategy requires moving beyond traditional top-down planning approaches toward collaborative frameworks that leverage diverse perspectives while maintaining strategic coherence. Teams closest to customers, operations, and market dynamics often possess insights that executive leadership may miss.

Effective collaboration frameworks establish clear roles and responsibilities for strategic input while maintaining decision-making authority at appropriate organizational levels. Teams need opportunities to contribute ideas and feedback without creating decision paralysis or losing strategic focus.

Organizational Change Management During Strategic Transitions

Vision and mission alignment becomes particularly critical during strategic reset periods when teams may feel uncertain about organizational direction and their roles within new frameworks. Only 13% of U.S. employees strongly believe their leaders communicate effectively with the rest of the organization, and just 22% of employees feel confident their leaders have a clear direction for the organization.

Communication strategies during strategic resets require careful balance between transparency and confidence, sharing enough information to build understanding while maintaining optimism about future prospects. Teams need to understand how strategic changes will affect their responsibilities, development opportunities, and success metrics.

Managing resistance and building strategic buy-in

Organizational change management during strategic resets must acknowledge legitimate concerns while building excitement about new possibilities. Resistance often stems from previous experiences with failed strategic initiatives, fear of increased workload, or uncertainty about personal career implications.

Building strategic buy-in involves demonstrating early wins that validate new approaches while maintaining patience for longer-term transformation goals. Quick victories help teams develop confidence in reset strategies and create positive momentum.

Implementation Strategies That Drive Measurable Results

Tactical planning excellence distinguishes organizations that successfully execute strategic resets from those that create impressive plans but struggle with practical implementation. Organizations that successfully enhance their execution capacity increase their profitability by 77%.

Resource allocation decisions during implementation phases must prioritize initiatives with highest potential impact while maintaining sufficient flexibility to adjust priorities as market conditions evolve. Organizations frequently underestimate implementation costs or overestimate their capacity to execute multiple simultaneous initiatives effectively.

Establishing accountability systems and performance metrics

Developing a strategic plan requires establishing clear accountability frameworks that specify who is responsible for achieving specific outcomes within defined timeframes. Accountability systems must balance individual responsibility with team collaboration.

Performance measurement systems during strategic resets should focus on leading indicators that provide early signals about strategic progress. Organizations need metrics that enable course corrections during execution rather than just evaluation after completion.

Measuring Success and Sustaining Strategic Momentum

Long-term strategic success requires systematic approaches to measuring progress, celebrating achievements, and maintaining organizational commitment to strategic objectives over extended implementation periods. Sustainable measurement approaches help organizations maintain focus on strategic priorities while adapting to changing circumstances.

Strategic momentum depends partly on recognizing and celebrating progress toward long-term objectives, even when ultimate goals remain distant. Organizations need celebration rhythms that acknowledge team efforts and incremental progress while maintaining urgency.

Key performance indicators for strategic reset success

Resetting business goals requires establishing metrics that reflect both strategic progress and implementation effectiveness across multiple organizational dimensions. Financial metrics provide important validation but should be supplemented with operational, customer, and organizational health indicators.

Leading indicators during strategic reset periods should focus on behavioral changes and capability development that enable future performance improvements. Organizations need metrics that help teams understand whether their activities are building toward strategic objectives.

Conclusion

Successful strategic reset initiatives require courage to acknowledge when current approaches aren’t delivering desired results combined with systematic frameworks for developing and implementing more effective strategic directions. Throughout my experience helping businesses navigate complex strategic challenges at Complete Controller, I’ve learned that the most resilient organizations regularly evaluate their strategic effectiveness and make bold adjustments when circumstances require fundamental changes.

The journey of resetting your strategic plan doesn’t have to be overwhelming. With the right framework, clear communication, and commitment to implementation excellence, your organization can transform stagnant strategies into dynamic drivers of growth. If you’re ready to take the next step in revitalizing your business strategy, contact the experts at Complete Controller for guidance on financial systems and strategic support that can help make your reset a success.

Frequently Asked Questions About Reset Strategic Plan

What are the main signs that indicate it’s time to reset our strategic plan?

The primary indicators include consistently missing revenue targets, declining market share, increasing customer acquisition costs, high employee turnover, and teams struggling to prioritize initiatives. When multiple quarters show gaps between projected and actual results despite consistent effort, it’s time for a strategic reset.

How long does a typical strategic plan reset process take?

A comprehensive strategic reset typically takes 3-6 months, including audit phases, framework development, and initial implementation. The timeline depends on organizational size, complexity, and the depth of changes required. Rushing the process often leads to superficial changes that don’t address root causes.

What’s the difference between updating a strategic plan and resetting it entirely?

Updates involve minor adjustments to existing strategies, while resets fundamentally rethink your approach. Resets are necessary when market conditions have dramatically shifted, core assumptions no longer hold true, or current strategies consistently fail to deliver results despite multiple update attempts.

How can we maintain business operations while conducting a strategic reset?

Successful resets run parallel to ongoing operations by designating specific team members to lead reset initiatives while others maintain current business activities. Create clear boundaries between immediate operational needs and strategic planning time, and implement changes gradually to avoid disruption.

What role should external consultants play in our strategic reset process?

External consultants can provide objective perspectives and specialized expertise, but internal leadership must own the reset process. Use consultants for specific capabilities like market analysis or facilitation, but ensure your team develops the actual strategy to maintain ownership and commitment to implementation.

Sources

• AchieveIt. “Strategic Planning & Execution Trends for 2024 and Beyond.” AchieveIt. https://www.achieveit.com/resources/blog/the-latest-strategic-planning-and-execution-trends-and-statistics/
• Balanced Scorecard Institute. “The Leadership Gap: Understanding Strategy Execution Failure.” https://balancedscorecard.org/blog/the-leadership-gap-understanding-strategy-execution-failure/
• Brighter Strategies. “How Has Strategic Planning Changed in 15 Years.” https://brighterstrategies.com/strategic-planning/how-has-strategic-planning-changed-in-15-years/
• Complete Controller. “Efficient Business Finance Management.” https://www.completecontroller.com/efficient-business-finance-management/
• Complete Controller. “From Spreadsheets to CRMs.” https://www.completecontroller.com/from-spreadsheets-to-crms/
• Complete Controller. “Role of Customer Services in Your Organization.” https://www.completecontroller.com/role-of-customer-services-in-your-organization/
• Harvard Business Review. “The Fall and Rise of Strategic Planning.” https://hbr.org/1994/01/the-fall-and-rise-of-strategic-planning
• Harvard Business Review. “What Strategy Really Is.” https://hbr.org/2005/02/what-strategy-really-is
• Investopedia. “Strategic Planning.” https://www.investopedia.com/terms/s/strategic-planning.asp
• Llewellyn, Rob. “Business Transformation and 5 Case Studies of Real…” https://robllewellyn.com/business-transformation/
• Ravix Group. “5 Corporate Turnaround Success Stories.” https://ravixgroup.com/resource/5-corporate-turnaround-success-stories/
• Wikipedia. “Strategic Planning.” https://en.wikipedia.org/wiki/Strategic_planning

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Today, the practice known as SEO or Search Engine Optimization revolves around and is most associated with the Google search engine. However, the technique predated the most popular search engine in the world. Although SEO most commonly revolves around search queries, the practice started in 1991 with the first website launch and became officially mainstream in 1997.

Earlier, website owners tend to have little traffic but attractive websites. As time progressed and improved online searching methods became available, search engines became a means of bridging the gap between users and their search queries.

Since Google became the most popular search engine, optimizing a website according to its requirements became mainstream. SEO has become an essential online marketing tool for users worldwide, and millions of businesses promote themselves through this practice.

Search Engine Marketing vs. Optimization

The practice had many names before the term Search Engine Optimization became official. That includes search engine placement, ranking, positioning, registration, submission, and website promotion. However, there is one term without which the discussion remains incomplete: search engine marketing.

Search engine marketing is for paid techniques to promote a webpage or any other online prospect. Many believed that search engine marketing would replace search engine optimization, but that did not happen.

Throughout time, both these methods have existed peacefully. The difference between them is SEO; we optimize website pages and content to gain search rankings and, ultimately, visitors.

On the other hand, search engine marketing relies primarily on paid techniques. A marketer bids on keywords for a limited time window during which users can see their ads on top of the search engines. Whenever a user clicks on the line, the marketer pays the price of that click. It then directs the searcher to the relevant page.

Search Engine Optimization History

With Search Engine Optimization becoming a household name and more people becoming familiar with the term, finding relevant information has become even more accessible.

Before the accessible searching features, the practice of search engine optimization revolved around keywords. Marketers use keywords in their content to gain rankings. However, the practice has changed, and search engine algorithms now consider the quality of content and relevancy over several keywords present.

The same practice was used for the backlinking process, where marketers used to gain backlinks from relevant or irrelevant sources to gain rankings. However, that practice has also significantly improved, and now the SERP relies on the quality of backlinks over quantity. Numerous updates stopped this spammy backlinking feature from giving users genuine information and results to their queries.

The ranking criteria have changed to quality, and whoever attempts to spam themselves up to rankings goes into black hat SEO. Such practices might penalize a site and, in some cases, complete blockage of user accounts.

In early 2000, we saw the emergence of Google from an ordinary search engine to the world’s most renowned and authentic source of information. Google itself provided guidelines for effective white hat SEO techniques to gain organic rankings and visitors.

Why it Became Important?

Since 2010, the emergence of online marketing and presence for businesses has become essential. These marketing methods started to take over traditional promotion techniques to reach relevant people and get better outcomes. The companies that emerged online took over brick-and-mortar retail systems, and users also preferred the shift in the processes.

More people liked such methods as they became customer-centric and relied heavily on the user experience. Businesses created better UI and UX for users to engage and effective options throughout the buyer’s journey.

Users who felt easy in making buying decisions started to give positive feedback, which further became the basis for earning relevant organic traffic. Almost all industries use SEO today to reach their relevant audience and gain better rankings.

Search Engine Optimization gave rise to other marketing techniques, such as Social Media Campaigns, to reach a more targeted audience. Whichever method users prefer has its foundations in Search Engine Optimization.

Final Word

Search engine optimization has become a staple of online marketing today that relies heavily on user experience. Multiple updates are constantly happening, but it is for sure that this practice will evolve with time. As more people rely on the online presence of information, better chances of finding relevant information through white hat SEO techniques have become more manageable. There is no telling where this technology will end up, starting from the mere idea of bringing the best information to a searcher. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Payroll is a list you use to calculate the workers’ wages according to their policies, which could be a per-time or per-piece wage. The payroll also includes information about the employees.

From any amenities or perks to the employee’s salary package to the fixed deductions and attendance history, the payroll document includes all the minute details that could affect the net payable amount of a salaried employee.

Any cash the business pays is called an outflow, and payroll is also an outflow because the company pays its employees. If the sum amount of payroll is high, then the cash flow could end up hostile if the overall outflows are more significant than the inflows (incomes) of the business. The chances of outflow being more significant are more likely because payroll is one of the business’s most significant expenses and could negatively affect the net cash flows, making it a liquidity problem.

As payroll plays a significant role in the expense account of the business, any error or mistake can be a barrier to making a successful payroll document. A few common problems in payroll are:

Inaccuracy

An improper payment to an employee will result in imbalanced records and will further become a problem while creating cash flow statements. Inaccuracy becomes the problem as this will result in an incorrect cash flow. Overstating the cash flow means that the outflows recorded in the statement are less than the actual amount, creating the concept that the business has enough cash to expand or pay off its debts when it is untrue. Another issue is if it is understated, it will result in negative cash flow, and the finance department will be unnecessarily worried.

• Not recording the attendance of a staff member

If the authorities are not tracking employees’ absences, this will affect the profit calculation of the business.

• The confusion caused by part-time employees

Some businesses work with full-time employees, part-time employees, and contractors. Sometimes, it is hard to classify what employee comes under what group, which is confusing while listing a payroll.

• Not having enough funds to pay wages

When a business has low profits, paying its employees’ wages gets complicated as it is one of the most significant expenses. The company might have to take a loan to pay its workers in this situation. Not having enough funds to pay wages is also a cash flow problem because the business will need excessive funds to pay the salaries, generating through loans that will give rise to outflows.

Payroll problems result in cash flow problems in the long run, as payroll is part of cash flow. To avoid these payroll and cash flow issues, companies should find efficient ways to prevent these risks.

• An efficient attendance recording system

A business could always use a punching clock or thumb impression recording system to get accurate employee information. A punch system provides information like the employees’ performance and working hours.

• An automated payroll/accounting software

Businesses should also install payroll software to save themselves from the burden of recording all employee details.

Long-Term Planning & Cost Optimization

To ensure that you always have cash in hand for wages and salaries, try cutting down other avoidable expenses like finding a cheaper supplier or a place with lesser rent. The business could also issue a business credit card to earn a line of credit to pay their employees- make sure not to exceed your limit and pay before the due date. If a business can’t afford a few employees, it can make them redundant and find contractors or part-time employees who ask for lesser wages. If nothing works and you can take debts, you could sell a non-current asset to have additional funds in the business and have a better position in the net cash flows.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Debt is usually money or any other asset owned by one person (the debtor) to another person (the creditor). It is a due loan granted on certain terms and conditions, mainly with a specific interest rate.

Be it an individual or a whole corporation; loans are used by everyone when they need a sum of money and cannot afford it under normal circumstances. This loan is supposed to be paid back within the decided time and is usually paid back with interest, thus making it a debt. Debt is then further divided into different types, which have their own rules and regulations and typically depend on the amount of money and conditions.

The main types of debts include:

• Secured debt

  • Secured debt: This type of loan requires collateral from the debtor to ensure the least risk of fraud. This loan happens with a lien. A lien is a claim of ownership placed on the collateral by the creditor.

• Unsecured debt

  • Unsecured debt: This type of loan has no sort of collateral or personal belonging. Unsecured loans include credit cards, student loans, or personal loans. This type of loan usually asks for a higher interest rate as it is riskier for the lender due to no security from collateral.

• Revolving debt

  • Revolving debt: This debt involves a line of credit (LOC). You can borrow money against a credit line more than once. It usually involves variable interest rates, i.e., different amounts of interest according to the amount credited. You also don’t have to pay a fixed amount per month or year. One of the most significant examples of revolving debt is credit card debt.

• Non-revolving debt

  • Non-revolving debt: This loan involves a line of credit (LOC). This credit line cannot be used multiple times. A certain amount is borrowed from a lender and should be paid back under the conditions agreed between the two parties. You can’t ask for different funds once the loan is complete. The debtor is supposed to pay a fixed amount in non-revolving debt, and the interest rates are usually relatively high.

• Mortgages

  • Mortgages: This type of loan purchases different real estate forms like land and buildings for production and selling, houses or parking lots. These properties act as the collateral themselves under the name mortgage. Types of mortgages include adjustable-rate mortgages and fixed-rate mortgages.

• Fixed interest rate debt

  • Fixed interest rate debt: This debt includes a stable rate of interest. It means that the interest amount on each payment will remain constant.

• Adjustable interest rate debt

  • Adjustable interest rate debt: The interest rate of this debt fluctuates according to the market rate. It usually depends on the overall market rates and then rises and declines according to it.

Debt recovery occurs when a debtor hasn’t paid their lender back, and the creditor involves a third party to help retrieve their owed money back. The hired party is called a collection service, which is helpful in the process of recovering the money. To avoid irrecoverable and bad debts, you can try some effective methods of lending, such as:

• Investing in a debt collection agency. Debt collection agencies collect debt payments and help recover loans from default debtors.
• Researching the debtor’s credit history to avoid fraud and have as few risks as possible. It will also help create the conditions according to the debtor’s financial position.
• Communicate. Communication is critical as this would give the debtor a sense of comfort because the terms will happen with the consent of both parties.

While deciding to get a loan, whether a personal loan consisting of a small amount or a big loan for a corporation, you can consider these different types of debts to determine what kind of loan you will be taking. To discover further what type of interest you must pay to plan your future financial decisions.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Business credit cards are available to all businesses- small or large. It is a type of debt provided to the companies by banks. It allows your business to withdraw a certain amount of cash to make some sorts of payments such as loan repayment, payment to suppliers, or even your small expenses like taxes or insurance. This card also creates a credit report that records the usage of credit in the business and how much more is available, and it helps determine how much more credit your business can afford. Like all other credit cards, the business credit card also charges interest when the repayment does not happen before the end of your billing cycle.

A business credit card is a helpful way to obtain a short-term loan quickly. You can make purchases swiftly without worrying about having fewer funds in the business. The business owners might also provide business credit cards to their employees, usually supervisors or high-ranking staff members. A company should follow a few steps to use its business credit cards effectively.

• Make sure you are managing your accounts correctly. Your accounts should be free of any errors as they will play a vast role in holding a credit card for your business. It will ensure that no unfair charging of interest will be imposed.
• Avoid paying interest. Try to make your credit card balance repayments before the due date on your billing cycle exceeds. Interest rates on credit card balances are very high and can lead to serious financial problems if unpaid.
• Do not make huge payments through your card. Try applying for a loan if you want to make larger payments, such as buying a new property or equipment. This way, your credit card limit will not go over, and you can avoid the unnecessary cost of interest, which will also be a considerable amount.
• It is not necessary to issue bank cards to all senior employees. Avoid giving credit cards to many staff members, as this can lead to misusage. Make some rules for using the company cards and give your employees less freedom to spend to control their accounts. You can set up alerts that inform you about the payments due and keep a check on finances.
• Try to repay the business credit card balance from your business account. You should keep your business and personal accounts separate, making the cash flow statements and bookkeeping more accurate. If you have insufficient money in the business account to pay off your credit card debt, you could transfer that amount to your business account. It is essential to keep track of your transactions.

A business credit card can be very advantageous if used wisely; it is an excellent source of finance that can be secured quickly, and no extra charges will be applied if you pay the balance by the end of the billing cycle. Even if the size of your business is small, you can acquire it, and this debt is available to all types of companies. A company should have control over its transactions and be careful while using the business credit card to avoid complications. This effective use will significantly impact your cash flow and can lead to a positive one. A business credit card provides a good credit history for future loans and finances. Use your credit cards responsibly by restricting and controlling the amount you use. Try to find credit cards with the slightest interest offered as much as possible to decrease unnecessary expenses. If you are making large purchases, plan to spend as much as you can to make a quick repayment. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The finance department plays an essential role in a corporation. This department measures the performance of your business, points out what risks the company is in or might face, and resolves the problems and queries in the business operations.

One of the critical functions of the finance department is to create a strategically and tactically effective budget. The department primarily uses records, revenue forecasts, and industry trends to develop adequate funding. The budget helps you indicate the extra funds for further expansion. It identifies what makes the business’ profitability higher- such as a period of a year that has increased sales or the type of product your company produces or sells and what attracts it. To create a budget, you should first ensure that your forecasts are as authentic and accurate as possible. Your accounts and bookkeeping should also be errorless and detailed. The finance department should meet with all the corporation’s managers to have an organized budget structure. Another important rule in budget making should be clear and defined policies.

To create a budget, you must follow a few steps:

• Study your incomes and revenues. The first step to creating a budget is to analyze the sales and other incomes. Ensure you’re calculating the income, not the profit, at this stage.
• Look up your expenditures and payments. Deduct the fixed costs like rent, taxes, wages and salaries, and insurance. Identify your variable expenses, then, like marketing costs and utilities.
• Setting goals and aims. The next step is to set up some goals for the business. Subdivide your goals into short-term goals, aiming to reach them within a year. And long-term goals that should happen over an extended division of time.
• Develop a plan. You should then create a plan that will include ways to achieve your goals. You can use your past budgets at this point to make new improvements.

 The budget will be adequate when you adjust your activity pattern according to the plan made. For example, if your plan includes cutting expenses, you could find an efficient production method like the just-in-time (JIT) production. 

Your stability worsens when your business falls into a condition where handling the finances gets hard. You should hire a certified professional to create an adequate budget to help improve your situation. But if you’re confident with your liquidity position, you can also make the budget by yourself, following the steps mentioned earlier.

Business efficiency refers to using the most out of the resources provided to the business to operate. The company should maximize its outputs through the help of possible minor costs. If the productivity is improving without bearing any costs, this identifies that the business is operating efficiently. You can also hire a better team of trained staff to improve productivity and efficiency.

Your budget plan should include how productivity will improve for a visible, efficient result. Efficiency is significant for the business as it assures the least cost and maximum advantage. It also helps when you’re dealing in a competitive market, as this will help you gain more customers than your competitors.

Having a budget is the road to a successful business. The budget sets aim for the company’s future and cuts down on the possibility of failures in the industry. It creates a plan for all the finance operations in the business and controls it, too! It indicates if you’re overspending and cuts off risks of poor cash flows. It also ensures the company has enough funds to face any disaster. The budget points out the priorities and helps the involved parties to get a better look at them. A budget-less business will most likely fail quickly and end up with no future long-term aims.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Working from home may be great for employees, but certainly not for companies. If it were up to businesses, they would’ve urged or forced employees to continue working from offices. It is not the case today as more employees are working from home. Working remotely means coping with new challenges the likes of which they hadn’t negotiated before. Are you wondering what challenges a remote team poses to a business? The list of challenges is growing, and one of the standout challenges is the need to ensure data security. Here is more on this:

The Need to Protect Data

Company data must remain private and protected at all costs. Companies that overlook the need to protect their data are likely to compromise the success of their business; companies won’t last long in a highly competitive, cut-throat market. Compromise on data security is what companies must avoid at all costs. Sensitive data means a lot to any business in more than one way. Teams operating in a remote setting must access systems that allow them to work inside a secure business environment. IT managers and security specialists must provide security solutions to remote teams. A company must ensure every employee can access security systems and connect through a highly secure network.

Data and Network Security can Happen Using a Variety of Measures

• Security solutions include firewalls, antivirus software, cybersecurity solutions, secure cloud storage, and network protection systems.
• Highly secure and restricted internet access. The use of virtual private networks designed in-house by the company and encryption tools.

Companies can invest and deploy other means of security if they want. Using a highly protective environment to connect every PC can protect systems from hacking and spoofing attempts. These solutions can protect the entire network without incurring huge costs.

Lay Down a Company Security Policy

One of the first things to prevent company data from falling into the wrong hands is to lay down a security policy. It so happens that employees tend to get complacent in a work-from-home setting. It isn’t just the case with employees; managers and high-ranking executives sometimes forget the importance of maintaining security. The remote team tends to overlook the importance of data security and preventive measures to reduce its impact. To prevent this from happening, the company must lay down a policy. Lay down a security policy and inform every employee of the need to comply with the procedure. While setting rules, the company must not assume that employees know data security and its role. As a matter of policy, the company must require the IT and networking team to perform security checks to ensure no vulnerabilities exist. 

Solutions to Use for Securing a Remote Working Environment

Every system connected with business cloud storage must be secure. Use tools like firewalls to secure your business network. Although high-performance firewalls can slow down your systems, powerful servers and data centers don’t slow down the network. The IT experts’ responsibility is to bring all systems under the security protocol umbrella. Similarly, the networking team will ensure the safety of connected systems within the company’s intranet and the internet. Avoid using insecure networks and free wi-fi for connecting with the company network. Use proprietary virtual private networking tools or subscribe to one that offers excellent security for the entire network. These tools will keep your network safe and prevent spoofers and network vulnerabilities.

Powerful tools will protect the central system and all subscribers. All systems will have access to the tools and must install each. It will protect every system in real-time and continue to do so each time it logs in to the network. Cloud solutions have security and protection tools, so it would help to recheck if those are working. Again, the IT team will handle cloud software’s safety as it contains precious data. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.