Managing financial policies and procedures is a lot like managing your oral health. If you fail to do the routine brushing and flossing and get regular checkups, you can quickly end up having to get extensive, costly, painful, and time-consuming dental work down the road. Financial policies and procedures are no different. Waiting five years to update these critical items will be about as much fun for your team as a root canal and will take longer than it should—which means costs will be higher.