Six experts share their insights on how CFOs can reduce operating costs in today’s economy. Get the guide to learn their best advice for saving on energy, IT/telecom, shipping, waste management, and more — while also boosting profitability and building value
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You’ve no doubt heard the hype about blockchain. But unless you’re in the one percent of the world’s largest telecommunications carriers big enough to stand up and maintain private blockchain solutions between yourself and your largest trading partners and customers, the reality of distributed ledger technology has always seemed a long way off.
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Unfortunately, that’s not the way ordering has ever worked in telecom. As a result, a staggering 70%+ of telecom invoices contain errors!
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The parcel carrier landscape has evolved significantly over the past several years. While national, household-name carriers continue to hold court over the market, new players and technologies are adding some much-needed choice to the logistics industry.
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Companies often view their property taxes as inevitable and fixed expense. But the reality is that property values and property tax rates are highly variable processes, and that variability almost always benefits the government, not your business.
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Organizations today have major inefficiencies in their telecom networks. Understanding what is on the network and how it should be charged is very complex, and as a result, organizations are paying millions of dollars more than they need to on their bills. There has been an awakening to this fact due to the desire to transform and modernize networks.
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Are you losing sleep at night over the safety of your business bank? The recent collapse of Silicon Valley Bank (SVB) has left countless CFOs and treasury service managers reevaluating their risk exposure. But there’s a silver lining to be found if you view SVB’s story as a cautionary tale. From the ashes of SVB’s demise emerge critical lessons for safeguarding your organization’s financial future.
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As inflation reaches new heights, the organizational imperative to reduce costs is growing. With an eye toward the future, forward-thinking executives will go beyond cost-cutting initiatives to rethink spend. One area ripe for such a strategic approach is telecom.
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Rising interest rates and concerns about a possible recession are putting new pressures on CFOs to reduce fixed costs and better manage spend with their operating vendors. With 52% of CEOs and CFOs predicting inflation will stay at the same level or higher in 2023, it’s no wonder that nearly six in 10 CFOs polled by Grant Thornton cite cost optimization as their most urgent concern.
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Inflation continues to affect the economy, and warning signs of a possible recession persist. No matter what financial storms 2023 brings, one thing is certain: Forward-thinking CFOs will examine every area of spend to find cost reduction opportunities. In a Grant Thornton survey, 58% of CFOs say cost optimization is their biggest concern this year. Learn how to mitigate inflation and recession risk with four cost optimization priorities.
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With inflation reaching its highest point in more than 40 years, CFOs are taking a closer look at ways to contain fixed-cost spend categories. When it comes to waste and recycling costs, it’s not as simple as asking your vendors for fair market pricing.
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Inflation has been a hot topic in 2022 as the Consumer Price Index continues to rise, soaring to levels not seen since the 1980s. Inflation hit 8.6% in May, up a full 1% from April.
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