Background-pattern-Central-Radial
Can AI Really Handle Your Books? Insights from a CPG Finance Expert
Featured

Can AI Really Handle Your Books? Insights from a CPG Finance Expert

In a recent Foodbevy Startup to Scale podcast episode, host Jordan Buckner sat down with our CEO Alice Zhang to discuss a question many founders are asking: Can AI handle your bookkeeping? The conversation offered practical insights into what's possible today and what's coming tomorrow. The Reality of AI in Financial Management Today Alice shares…

Read more
Tips for Balancing DTC and B2B Retail for CPG Companies
Analytics/Insights
Oct 30, 2024

Tips for Balancing DTC and B2B Retail for CPG Companies

The consumer packaged goods industry is experiencing unprecedented transformation. Over the past few years, we've witnessed a remarkable phenomenon: established CPG companies executing multiple strategic pivots as they navigate through increasingly complex market dynamics. The challenges are manifold – from persistent labor shortages and supply chain disruptions to escalating material costs and volatile carrier relationships…

Read more
Streamlining Your Financial Toolkit: A Comprehensive Guide for Early-Stage CPG Brands
Finance Operations
Oct 22, 2024

Streamlining Your Financial Toolkit: A Comprehensive Guide for Early-Stage CPG Brands

Navigating the financial landscape as an early-stage Consumer Packaged Goods (CPG) brand can be daunting. With limited resources and the need for rapid growth, founders often struggle to find the right financial tools that are both effective and affordable. In a recent webinar hosted by Naturally New York, Alice Zhang, co-founder and CEO of MyPocketCFO,…

Read more
6 Critical Financial Challenges CPG Founders Must Overcome (and How to Solve Them)
Finance Operations
Oct 15, 2024

6 Critical Financial Challenges CPG Founders Must Overcome (and How to Solve Them)

The CPG industry is a whirlwind of excitement and challenges. You're passionate about your product, driven by your vision, and constantly innovating. But amidst the thrill of launching new products and securing retail partnerships, there's a critical element that can make or break your success: mastering your CPG finances. Long cash conversion cycles, fluctuating raw…

Read more
Strategic Financial Management for CPG Entrepreneurs: Tips for Sustainable Growth
CFO Best Practices
Oct 7, 2024

Strategic Financial Management for CPG Entrepreneurs: Tips for Sustainable Growth

Strategic Financial Management for CPG Entrepreneurs: Tips for Sustainable Growth Running a Consumer Packaged Goods (CPG) business involves navigating a complex financial landscape. In this article, we'll delve into technical strategies for effectively managing your CPG business finances, including how to: Maximize financial efficiency through automation and integration Leverage advanced financial tools tailored for CPG…

Read more
How myPocketCFO Made Financial Management A Breeze for Startup CPG Fun-Gal Snacks
Finance Operations
CFO Best Practices
Oct 1, 2024

How myPocketCFO Made Financial Management A Breeze for Startup CPG Fun-Gal Snacks

Fun-Gal Snacks, the innovative force behind Popadelics Crunchy Mushroom Chips, is redefining the healthy snacking landscape. Launched in April 2022, this women-owned CPG brand has achieved remarkable traction, landing their products in over 3,000 stores nationwide, with a Whole Foods launch on the horizon. But rapid growth often brings financial complexity. This is how myPocketCFO…

Read more
Key Financial Terms for CPG Owners in Investor and Partner Discussions
Finance Operations
Sep 27, 2024

Key Financial Terms for CPG Owners in Investor and Partner Discussions

Clayton Christensen is a Harvard Business School Professor who coined the term "disruptive innovation." His research shows that 30,000 new consumer products are introduced each year in the U.S., with a failure rate of up to 95%. And unfortunately, more than 80% of new CPG companies never reach the $1 million mark in revenue. If…

Read more
Financial Confidence for CPG Founders: The Key to Winning Investor Trust
Finance Operations
Sep 23, 2024

Financial Confidence for CPG Founders: The Key to Winning Investor Trust

As a Consumer Packaged Goods (CPG) founder, you’ve faced sleepless nights perfecting your product and growing your brand. But when it comes to convincing investors and lenders to back your vision, all that hard work can feel like it’s not enough. Whether you’re explaining profit margins on your best-selling products or answering questions about your…

Read more
CPG Business Tips on P&L Reports, Key Metrics, and Investor-Ready Statements
Finance Operations
Sep 19, 2024

CPG Business Tips on P&L Reports, Key Metrics, and Investor-Ready Statements

As a consumer packaged goods (CPG) entrepreneur, maintaining precise financial oversight is akin to navigating a complex landscape filled with intricate details, regulatory requirements, and investor expectations. Balancing revenue streams, managing expenses, and satisfying both investors and tax authorities can be daunting. However, by meticulously designing your Profit & Loss (P&L) statements and understanding the…

Read more
7 Steps to Financial Stability for CPG Startups: Cash Flow & Income Statements
Finance Operations
Sep 6, 2024

7 Steps to Financial Stability for CPG Startups: Cash Flow & Income Statements

Running a successful CPG brand requires more than just a great product. It demands a deep understanding of your financials, a keen eye for optimizing resources, and the ability to make data-driven decisions. While many CPG founders come from product-focused backgrounds, mastering your financial strategy is what truly unlocks sustainable growth. This comprehensive guide, based…

Read more
1 2