A recent poll of your Finance pro peers had 36% preparing their organization for a recession, 25% still deciding whether they should take steps to get ready and 39% not actively preparing for economic downturn. The poll was conducted during…
Cost Control
The cost of everything’s projected to go up next year – including the healthcare plans you fund for your employees. A recent analysis from Aon can give you an idea of just how much you should expect to shell out…
How are your business expenses compared with those of your peers? Recent benchmarking data from finance automation platform Ramp can help you see the areas where other companies are cutting back and what they’re prioritizing to help you make better…
To effectively fight inflation right now, optimization of your company's working capital needs to be top of mind. "You don't want to overlook profits or ignore profits, but it's really all about cash. Cash is something [that] once you spend…
Your company credit cards can be a breeding ground for fraud via unauthorized usage, especially if there’s only one person in charge of managing charges and transactions. Lessons learned from two recent cases where companies were scammed out of hundreds…
You know from experience that controlling costs and increasing profits for your organization takes more than just creating a budget, regularly analyzing it for variances in projected vs. actual spending, then making adjustments. You may have tried shopping around for…
More organizations like yours are moving various operations to the cloud, including key Finance and HR functions. And while that comes with convenience – and potential security risks – cloud costs can be expensive for companies if the migration process…
The state of small businesses can give companies of all sizes insight into how to weather the economy right now, particularly the challenges caused by inflation. Specifically, cash flow is a significant concern for small businesses. Nearly 40% would have…
As COVID restrictions continue to ease, business travel is increasing. Unfortunately, it’s also being impacted by the current economic climate – and you should expect prices to keep rising for the remainder of the year and the beginning of 2023.…
Energy use consumes between 30% and 35% of the average commercial facility operating budget. When you factor in fluctuating oil and natural gas prices, that percentage can change. Reducing usage can help. But some companies create new problems when they slash energy…
Mergers and acquisitions (M&A) and improving sustainability are the first areas your peers are looking at when it comes to cost control cuts, according to a recent Gartner survey of CFOs and CEOs. In a press release, Randeep Rathindran, vice…
So what happens when inflation is high, everything seems to cost more and consumer confidence is reaching rock-bottom? One outcome tends to be inventory glut. And no one's having a harder time moving product these days than retailers. The retail…
