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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 in Asia-Pacific optimistic on regional economic outlook, survey says

Future CFO

In the face of the severe economy situation and the internal and external challenges of enterprises, CFOs expanded role sees them leading transformation initiatives and increasingly turning to technology as an enabler. Seventy-seven percent of the respondents reported expectations of them had increased over the past two years.

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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.

Sales 52
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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. The year 2024 sees a strategic focus on robust cost management, cash flow optimisation, and liquidity planning.

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Stripe: How finance functions can make automation work

Future CFO

Automation—through the use of artificial intelligence (AI), large language models (LLMs), and other technologies—has the potential to change the anatomy of work and augment the abilities of individual workers by automating time-consuming manual tasks.

Finance 52