Strategies to Successfully Close the Books on 2020
Michael Ferdman Highlights Successful Closing Strategies for Association of Leal administrators
December 12, 2020
As we close the books on a tumultuous 2020 and look forward to a successful 2021, Intelliteach Managed Services (now known as Frontline Managed Services) Chief Operations Officer, Michael Ferdman, authored the December 10 article for the Association of Legal Administrator’s Legal Management highlighting a checklist for optimizing year-end revenue collections.
“A successful closing effort can mean the difference between a profitable 2020 and starting 2021 at a billing disadvantage,” Ferdman said. “Implementing smart closing strategies will position your firm for a strong first quarter.”
Ferdman’s checklist, which includes insights from Intelliteach’s previously published Year-End Closing Strategy Guide, details 18 tips for closing the year strong separated into seven strategic approaches, including:
- Organize and Motivate Your Team;
- Manage Expectations – Communicate;
- Create Internal Efficiencies;
- Make Payments Easier;
- Double Check Accounting;
- All Hands On Deck; and,
- Anticipate Unseen Obstacles.
For all 18 pieces of guidance to end the year strong and start 2021 on strong footing, please click here.