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Technology is reshaping private equity (PE) by enabling portfolio companies to achieve operational efficiency, revenue growth, and higher valuations. The technology function is now emerging as an indispensable partner in driving sustainable value creation and competitive advantage.
Technology is embedded in every corner of the modern enterprisefrom SaaS subscriptions and cloud infrastructure to telecom and mobile services. As organizations scale, so do their technology expenses. What if TEM was thought of as a strategic lever for CFOs and CIOsa way to align technology investment with business value?
However, managing cloud costs effectively is a complex challenge that demands strategic focus. For technology leaders, particularly in private equity-backed companies, cloud spend management is a critical lever for driving profitability and value creation. For technology executives, the stakes are high.
Managing software licenses is a critical aspect of modern IT and financial management, and E78 is here to help. With our expertise in technology expense management (TEM) , we empower organizations to control budgets, ensure compliance, and optimize technology investments.
They are now using technology as a lever to reduce costs and innovate. Historically, banks have faced high-cost pressures exacerbated by their legacy systems. To optimize costs, banks are reducing the number of applications and investing in technology that enhances customer experiences while maintaining efficiency.
Consider a financial services company that managed to scale its operations by prioritizing cash flow optimization. By employing advanced forecasting tools and real-time financial reporting, they maintained a healthy cash reserve, allowing them to invest in new markets and technologies confidently.
To be prepared, CFOs must keep in mind of the following for better business travel costmanagement : 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.
Benjamin Soh, founder and managing director at Singapore-based ESG data and technology company ESGpedia , believes finance leaders are well-positioned to drive both sustainable growth and cost efficiency, given their oversight of financial strategy, risk management, and capital allocation.
Managing telecom expenses can be a daunting task, especially with companies working with multiple vendors, services, and technologies. Without a clear strategy, telecom costs can quickly escalate, resulting in inefficiencies and unnecessary spending. One main reason for outsourcing is the requirement for specific skills.
They reduce SG&A waste, capture operational efficiencies, and grow EBITDA through disciplined costmanagement and integrated platform operations. Key initiatives include: Technology Expense Management: Sponsors identify and reduce unnecessary spend across legacy platforms, overlapping software, and unmanaged IT contracts.
Some key impact areas include: Shift from Product Sales to Service-Based Models Software as a Service (SaaS): Life sciences companies are increasingly adopting SaaS models, offering subscription-based access to critical software tools for drug discovery, clinical trial management, and regulatory compliance.
The tool comes with Genesys Essentials and Genesys Advances, the company explained, to support spend management, compliance, operational costmanagement and scale for mid-market and high-growth companies. ”
However, managing cloud costs effectively is a complex challenge that demands strategic focus. For technology leaders, particularly in private equity-backed companies, cloud spend management is a critical lever for driving profitability and value creation. For technology executives, the stakes are high.
Key findings Cost pressure and the economy: SMEs face significant increases in utility prices and supplies, with 58% of businesses highlighting higher costs as their top concern. This significant challenge underscores the need for effective costmanagement and innovative financial strategies.
"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. Then there is the talent issue.
The Gartner survey, which was conducted to look into senior business executive views on current business issues, as well as some areas of technology agenda impact , revealed that CFOs and CEOs are similarly aligned on growth, as both groups select it as their top business priority for 2024-2025.
The Importance of Financial Forecasting Informed Decision-Making: With accurate financial forecasts, small business owners can make informed decisions regarding investments, expansions, and costmanagement. Optimized Cash Flow Management: Effective Business Cash Flow Management is crucial for small businesses.
Exponential technologies such as artificial intelligence (AI), blockchain, and automation have sparked the next wave in enterprise transformation, offering both challenges and opportunities for the enterprise. You get this whole new level of streamlined accounting and compliance processes. Sanjay Patil.
Managing telecom expenses can be a daunting task, especially with companies working with multiple vendors, services, and technologies. Without a clear strategy, telecom costs can quickly escalate, resulting in inefficiencies and unnecessary spending. One main reason for outsourcing is the requirement for specific skills.
Managing telecom expenses can be a daunting task, especially with companies working with multiple vendors, services, and technologies. Without a clear strategy, telecom costs can quickly escalate, resulting in inefficiencies and unnecessary spending. One main reason for outsourcing is the requirement for specific skills.
The payments landscape is not exempted from these shifts, what with the current talks of digital transformation and technological advancements. Managingcosts and improving efficiency For chief financial officers, one of their concerns is the balancing act between costmanagement and payment efficiency improvement.
Procurement professionals aren’t happy with the technology available to them, finds a new report from Consero Group. For instance, more than half (54 percent) said they plan to invest in spend analytics technology this year, and nearly half (46 percent) said they will increase their use of eProcurement solutions.
This statistic underscores the significance of strategic spend management, even within technologically advanced resources. Mitigation of Financial Risks: Spend management helps CFOs minimize financial risks like overspending, non-compliance, and fraud. Effective spend management is essential for CFOs.
Hamerman then went on to highlight how organizations can meet these challenges with 5 technology-driven next practices, including dynamic planning, advanced modeling, predictive analytics, digital collaboration within applications, and aligning key Finance initiatives with growth opportunities. Use EPM Technology to Accelerate Growth.
Stern Cassello & Associates will operate as part of E78’s Fund Solutions business unit, which offers highly technical and strategic outsourced CFO, COO and CCO services, regulatory and compliance solutions, fund administration support and fully managed financial and investor reporting services to private investment funds.
Operational efficiency: Improving operational efficiency is a key driver for optimizing costs, enhancing productivity, and maximizing profitability. It involves streamlining processes, reducing waste, improving supply chain management, and leveraging technology to automate and improve operations.
These professionals ensure compliance with tax laws, identify potential deductions, and develop strategies to minimize tax liabilities, ultimately saving businesses money. Revolutionizing Finances with Cloud-Based Accounting The integration of cloud-based accounting software has revolutionized the way businesses manage their finances.
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