This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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 Risks Without Financial Planning Our experience with clients identifies three common challenges organizations face when effective costmanagement is not considered when preparing for AI investments: Constrained Budgets: Limited resources force delays in essential IT projects.
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.
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.
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.
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 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.
Specifically, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), leveraged the Tax Code to drive economic support to businesses in the form of employee retention tax credits, increased interest expense deductions, and net operating loss carryback rules, among others. You can unsubscribe at anytime. TechTarget, Inc.s
Automation and AI Integration : Automation and AI technologies are being embedded within ERP solutions to enhance customer service, decision-making, predictive analytics, and operational efficiencies, thereby reducing reliance on manual interventions. Cloud-based ERP systems also lower the total cost of ownership compared to legacy solutions.
Java platform provider Azul found most organizations grappling with unexpectedly high cloud infrastructure and application costs. Managing cloud environments, including containers, was a software asset management challenge for more than three-quarters of respondents in the Flexera survey. You can unsubscribe at anytime.
Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management. Staffing challenges and technology adoption Staffing emerges as a central theme for corporate treasurers.
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.
Following this action, the cost of debt capital increased substantially, meaningfully altering the economic benefits of larger leveraged buyout transactions. Spend management has taken center stage. Functions such as technology vendor management and procurement strategies have become a high priority.
The study indicates that the cloud has experienced significant growth in both scope and scale over recent years, as numerous organisations turn to leverage its flexibility and operational expense model.
The new reality will be marked by low bookings; tight margins; financial pressures on online travel agents; and the need for costmanagement. He said that technology can help relieve some of the pain points of B2B travel payments. “This made the need to optimize operational inefficiencies secondary,” he said.
These subscriptions can include teleconsultations, remote diagnostics, and ongoing health management support. In addition, advanced equipment lease management solutions come into play. The core cloud ERP can be SAP S/4HANA in either Public or Private cloud deployments.
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 Risks Without Financial Planning Our experience with clients identifies three common challenges organizations face when effective costmanagement is not considered when preparing for AI investments: Constrained Budgets: Limited resources force delays in essential IT projects.
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.
Cloud financial management provider Sage Intacct is one company seeking to leverage APIs to better serve SMBs. recently, with the technology connecting business clients to third-party costmanagement services and more. Around The B2B API World. The company expanded its API-based accounting platform into the U.K.
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.
This statistic underscores the significance of strategic spend management, even within technologically advanced resources. From our experience, inventories with numerous components, such as mobile devices, contact centers, or cloud licenses, generally present a 15-20% opportunity for cost reduction.
"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.
This accumulation is a signal for PE firms to leverage this capital judiciously to drive transformation within portfolio companies, and the first area under the microscope is usually the office of the CFO. E78 Partners stands out as a provider of essential support to ensure that the office of the CFO is well-equipped to deliver results.
” “Our acquisition is a strategic move that further empowers our clients to optimize their Finance and Accounting operations by leveraging the highly skilled and experienced interim CFOs from Outliers. “E78 shares our commitment to client success and our vision for delivering exceptional financial and operational solutions.
By leveraging tailored financial solutions, companies can drive growth and navigate the financial landscape with confidence. By leveraging the expertise of professional accountants, businesses can optimize their tax strategies and allocate resources more effectively. Discover how customized accounting can transform your business.
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.
We’re excited to be part of E78’s upward trajectory, and we’re eager to leverage the resources that E78 makes available for the benefit of our clients.” ” More information about E78 can be found at E78partners.com. More about Stern Cassello and Associates is available at sterncassello.com.
Its platform provides proprietary cyber-risk analysis technology to corporate customers. Targeting the hospitality industry, xtraCHEF recently announced $3 million in funding provided by Laconia Capital Group, Connectivity Ventures, The Howard Sukonick Investment Group and Ben Franklin Technology Partners.
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 leveragingtechnology to automate and improve operations.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content