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Expect SG&A budget cuts in 2020 says Gartner

Future CFO

A Gartner survey of 317 CFOs and finance leaders on March 30, 2020, revealed that due to COVID-19 62% of respondents are planning some cuts to selling, general and administrative (SG&A) budgets in their organizations in 2020. Figure 1: Which SG&A functions will likely have their budget cut by more than 10% in 2020?

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Driver-based planning: the best of basics

Spreadym

Driver-based planning is a strategic planning approach that focuses on identifying and prioritizing key drivers or factors that have a significant impact on the performance and success of a business. It involves analyzing and understanding these drivers to develop effective plans and make informed decisions.

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From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. Evaluating Expenses : Evaluate the expenses incurred by the nonprofit, such as program expenses, administrative costs, fundraising expenses, etc. cash, investments, receivables) and liabilities (e.g.,

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How CFOs can stay attuned to evolving market trends

Future CFO

Navigating financial instability Ongoing discussions of inflation and budget cuts echo across global organisations. The year 2024 sees a strategic focus on robust cost management, cash flow optimisation, and liquidity planning. This results in CFOs re-emphasising fundamental financial practices.

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10 KPIs to Track Business Performance

The Finance Weekly

They are widely used in , strategic planning and reporting to guide investment decisions. These expenses may include miscellaneous office costs that can impact your profits. In general, a lower SG&A ratio is preferable, indicating more efficient cost management.

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Inflation, tight labour market push firms to increase pay rises in Asia Pacific

Future CFO

Conducted between October and November 2021, the survey found that two in five respondents (42%) are planning to increase pay rises this year. A quarter of the respondents (25%) have changed and increased their expected salary increase budgets for 2022 from the original projections made in July last year. Survey highlights.

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OPEX in Financial Analysis

Spreadym

These expenses include items like salaries, rent, utilities, marketing expenses, administrative costs, and other overhead expenses required to maintain operations. OPEX in Financial Analysis Analyzing OPEX is essential because it provides insight into a company's operational efficiency and cost management.