4 ways to slash overhead costs in the new normal
Your team has clear insight into the financials that can help your company uncover new ways to save. Take overhead costs, for example.
Cost Control
5 signs they don’t have a clue about cost control
It seems like a goal any red-blooded CFO would find tough to argue with: reduce the company’s costs. Unless people are going about it the wrong way.
Boost savings during tough times: 4 focal areas
An ongoing objective for your finance team is to find savings opportunities. And never before has that been so necessary.
British Airways to staff: 'Work for free?'
While many companies have employed a variety of survival strategies, British Airways took cost control to an entirely new level with its latest move — asking employees to work for nothing.
Business car travel to increase among employees: Keys for Finance
While business travel rates should continue to increase in 2022, many employees aren’t comfortable with taking planes to destinations just yet. That means car travel will be popular this coming year. In fact, 62% of business travelers said they’d be taking trips in their personal vehicles in 2022. This is according to the quarterly State […]
Business travel & cost control: Keys to keeping expenses low as trips resume
Corporate travel was a casualty of the COVID-19 pandemic. As business travel begins to rebound this summer, some organizations may continue to keep travel at a minimum as a method of cost control in response to inflation and the rising costs of supplies. Sure, that’s one approach to cost control – but is it the […]
Business travel: Why employee engagement goes hand in hand with cost savings
T&E is one of a company’s biggest costs. While you want to keep these expenses under control, many employees see business travel to exotic locales as one of the perks of their jobs, so it can be a tough balance to achieve. As the pandemic eases and summer weather emerges, more people may get the […]
CFOs & digital transformation: How your peers are handling automation right now
Digital transformation is key to your role as a CFO. Most of your peers agree, according to a new study from StrategicCFO360 and accounting software provider Vic.Ai. In fact, eight out of 10 of CFOs surveyed said that automation is crucial for optimizing their finance processes and getting key insights from financial data. And 61% […]
Control SaaS spending: Only pay for what you use
From Zoom to Microsoft 365, software as a service (SaaS) apps are essential to your firm. But many companies overspend on SaaS due to platform redundancies, overlooked auto-renews and missed opportunities to re-negotiate subscription/license terms. Getting more SaaS value According to Murali Saravu, founder of pricing and billing automation provider Monetize360, more and more of […]
Controlling the costs of maverick spending
Did you know your company could be losing 10% to 20% of its savings due to maverick spending? That’s according to a study by fintech software provider Basware and The Hackett Group. A report by B2B software developer Order says maverick spend can eat up as much as $322,000 of a mid-size (100-999 employees) business’s […]
Cost-effective tech upgrades: Keys to a better relationship with your CIO
How’s your relationship with your CIO? In some cases, CIOs don’t see things eye to eye with their CFOs, but it’s important to make sure you’re both on the same page. This is especially true when you need to make tech upgrades in Finance or other areas of the company. The CIO and CFO relationship […]
COVID-19 and insurance coverage: costly surprises
The COVID-19 pandemic has left many small and mid-sized businesses in the lurch with no help from their insurance carriers. So says Andrea Luoni, CEO and Founder of RateCraft, a company that has saved companies over $20 million in premium costs across more than 1,200 optimized projects. And brace yourself: You’re about to pay even […]
Economy & war with Russia: How it could impact you
By now, you’ve heard about Russia’s invasion of Ukraine. What we’re still waiting to see is how the war between the two countries will impact the economy. While the strongest effects will likely be felt abroad, the conflict is poised to impact the U.S. as well – and it’s already starting in some cases. Higher […]
Global cost of fraud investigations increasing: What you should do next
Fraud is continuing to impact organizations. Both internal and external fraud schemes are becoming more costly, hurting companies’ bottom lines and reputations. The cost of fraud investigations is also increasing. Most global organizations surveyed for the latest Kroll Global Fraud and Risk report (82%) said their companies had been significantly impacted by various forms of […]
Internet fraud: 6 states where the most money was lost
Every company is vulnerable to internet fraud, no matter where they’re located. But the ones in these six states took the largest financial hit last year. The following states all reported losses totaling between $99 million and $199 million last year, according to the FBI: Colorado Illinois Missouri Ohio Pennsylvania, and Virginia. That comes from […]
Latest on fair scheduling laws & how they could impact you
Fair scheduling laws are the latest trend employers need to be aware of to stay compliant and avoid big payouts and expensive legal battles. In response to unpredictable schedules for workers in a variety of industries, including food service, retail and other “essential” professions during the pandemic, laws have been proposed and enacted that require […]
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