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The benefits of strategic cost reduction

Future CFO

Cost reduction initiatives can yield significant benefits for organisations and their employees when approached strategically and executed effectively. It should be noted, however, that cost cutting should not be approached as a reactionary, short-term measure, but as a strategic investment in the future of the company.

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What it takes to be a leader with competence and capabilities

Future CFO

They are expected to have a vision and be able to communicate that vision. Due to the fluidity of the situation, as a business, we had to dynamically manage operations and re-allocate resources to optimise the business outcome," she confided. Inflation and supply chain disruptions resulted in higher cost of doing business.

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Accounts Payable AI Company Stampli Raises $25M

PYMNTS

Stampli redefines invoice management by turning the invoice into a communication tool allowing AP to seamlessly collaborate with all departments and external vendors.”. Stampli turns each invoice into a central communications hub, allowing all necessary parties and systems to communicate in one place,” the company said.

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Driver-based planning: the best of basics

Spreadym

Enhanced communication and collaboration: Driver-based planning encourages cross-functional collaboration as it requires input and insights from various departments and stakeholders. It facilitates better communication and alignment of objectives across the organization.

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

The Charity CFO

Stakeholder Communication : Serves as a transparent communication tool for stakeholders, including donors, board members, and grant-making organizations. By providing a breakdown of expenses, it allows stakeholders to assess cost structures, monitor expenditure trends, and identify areas for cost management and optimization.

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Procurement Professionals Unhappy With Tech Options

PYMNTS

The procurement department requires a strong technology foundation in order to control costs, manage supplier relations and generally execute the function effectively,” said Paul Mandell, cofounder and CEO of Consero, in a recent interview with SCMR. “To The eProcurement space is evolving, as separate research has shown.

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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

The company, based in New York, provides an accounts payable and cost management solution for members of the hospitality sector, with its solutions leveraging machine learning technology to analyze invoice data for smarter purchasing and supplier management decisions. M&A.