Here at Setpoint, we often tout our open-book-finance style of management. To us, open-book-finance means that key financial data is shared with each employee on a weekly basis. Sharing this information with employees isn’t a…
Financial Intelligence - It's Not Just for the CFO
How to Gain Approval from Senior Management
You have identified several issues within your operations. You feel that if fixed, your company will benefit greatly by eliminating these issues; how do you now go about soliciting senior management for funding approval to…
The Setpoint ROI Tool
At Setpoint Systems we sell automation equipment for manufacturing. It turns out that our products are capital equipment to our customers. Capital equipment represents large investments for most businesses that need to be depreciated over…
Financial Management is the Same Big or Small
Setpoint has always been able to grow to the projects it has. We have learned to flex with the opportunity. The other challenge for a small manufacturing business like Setpoint is to keep the cash…
Revenue Recognition in Managing Projects
At Setpoint, we measure percent complete by labor only. We evaluate how much labor was spent on a project every week and then we estimate labor required to complete the work and use labor only…