Companies aren't nearly done tightening their belts as the economy slows down. Many are cutting back on vendor services or considering switching to other vendors. The obvious upsides to this approach is cost-savings and better goods and services. The downside:…
Cost Control
The Federal Reserve refuses to lower its bench-line interest rate until inflation cools down. Basic economic theory says that keeping rates high in an inflationary period helps to bring prices down though it can take time. Does that theory hold…
Another April 15 came and went, leaving many of us poorer and grumbling about government spending. For business owners and the CFOs and controllers, reducing tax liabilities to states and the IRS is a year-round effort. Small business owner and…
Does it feel like the cost of nearly everything is on the rise or not coming down? Just when a commodity comes down in price, another one creeps back up? Gasoline and diesel prices at the pump are on the…
A last-ditch effort to restore tax write-offs for research costs -- including software engineers' salaries -- appears dead on arrival in the Senate. Politics is preventing a deal from getting done, despite several GOP Senators wanting to provide more tax…
The vast majority of people who've never ran or helped run a business might assume companies were cutting down to the bone to get finances in order. One media story after another of recognizable firms laying off hundreds to thousands…
CFOs and controllers are on the lookout for every angle to keep spending in check. The last thing most companies want to do is lay off people to get costs under controls. A new report shines a light on an…
Companies are looking for any way they can to reduce costs. We know, the more things change, the more they stay the same. But there's no question 2024 is shaping up to be a major year for cost-cutting. CFOs and…
There's a Great Re-evaluation going on among your peers when it comes to health and well-being program benefits. That's the consensus of industry experts from wellness program provider MOBE, insurance company Willis Towers Watson (WTW) and management consulting company Aon.…
The 2017 Tax Cuts & Jobs Act featured a major change to how companies can write off expenses. The change went into effect in July 2022, but a lot of companies apparently didn't get the heads up from their accountants…
Digitizing A/P is still very much on the minds of your peers, who are prioritizing control of cash flow over business growth as organizations face economic uncertainty and rising inflation. A survey of 821 finance pros, as well as 246…
Office vacancy rates are high and could climb further. Yet many landlords haven't been cutting their tenants breaks on monthly rents to keep them in place. A poll by Capterra finds 74% of small businesses are paying more in monthly…
