5 Tips to Get a Grip On Telecom Costs
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.
Read MoreBank Smarter: Protect Assets, Reduce Banking Fees, And Enhance Yield
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.
Read MoreTelecom Expense Management: Using Strategic Audit As A Profit Center
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.
Read More3 Reasons Why Shipping Spend Poses Special Challenges For CFOs
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.
Read MoreJumpstart Cost Optimization Priorities Now: 4 Steps To Offset Inflation
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.
Read MoreTake The Waste Out Of Waste Management: 6 Keys To Optimize Waste Removal Spend
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.
Read MoreWhat Does an Expense Reduction Advisor Do?
An expense reduction advisor examines your bills and determines opportunities for cutting costs. An experienced advisor has worked in the industries that serve your business and knows how to compare your expenses against industry averages.
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