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Benefits of IT Cost Management for Creating Business Value

E78 Partners

Managing information technology transformations is becoming increasingly essential for companies to remain competitive and improve operational efficiency. In this article, we will outline the importance of IT cost management and discuss various strategies that can help organizations generate value through cost savings.

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CFOs' guide to business travel cost management

Future CFO

To be prepared, CFOs must keep in mind of the following for better business travel cost management : Utilising new technology CFOs are increasingly leaning on sophisticated travel management systems that offer not just data but insights. It’s an acknowledgment that the human element is critical in managing travel costs.

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How finance leaders must handle rising cloud costs

Future CFO

The COVID-19 pandemic has accelerated the adoption of various technological advancements to keep up with the evolving market and the shifts. The rapid adoption of this technological advancement led to unexpected challenges in managing cloud costs, a concern finance leaders must handle properly for the organisation.

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CFOs as overseers of digital transformation

Future CFO

Strategic leaders Ng believes CFOs play a pivotal role in spearheading the company’s digital transformation initiative, acting as a strategic leader in aligning financial goals with technological advancements. Such shifts include digital transformation, of course.

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How CFOs can stay attuned to evolving market trends

Future CFO

This will serve as a guide for CFOs to embrace change, prioritise cost efficiency, and stay attuned to the ever-changing technological landscape. Navigating financial instability Ongoing discussions of inflation and budget cuts echo across global organisations. This results in CFOs re-emphasising fundamental financial practices.

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The Difference Between Cost of Sales vs Cost of Goods Sold

CFO Share

In financial accounting , Cost of Goods Sold (COGS) is recorded as a debit because it reduces a company’s net income and is debited to reflect a decrease in retained earnings, an equity account. Optimizing Cost Management in Business Effective cost management is crucial for maintaining a healthy bottom line in any business.

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A Day in the Life: Juvanus Tjandra from KPMG in Singapore

Future CFO

We also look at enhancing the overall operating model of the business through the use of digital technologies. At the heart of the action, this puts them in a good position to play a large role in driving collaboration across the firm, breaking down silos and coordinating budgets towards strategic priorities and driving firm-wide change.

Finance 52