Future CFO

JANUARY 21, 2024

Cost pressure amid global economic shifts has become a top concern for 58% of SMEs as they also face workforce challenges, said ACCA recently when releasing results of a survey. “As This significant challenge underscores the need for effective cost management and innovative financial strategies.

Economics 52

Economics Compliance Strategic Planning Cost Management 52

Future CFO

JANUARY 16, 2024

Asia stands as the dominant region for manufacturing and consumer markets, said IDC, adding that the manufacturing sector is forecasted to continue to grow despite being dragged down by several external factors including a sluggish global economy, higher monetary interest rates, rising material costs, and cross border trade protectionism.

Manufacturing 52

Manufacturing Compliance Forecasting Planning 52

Future CFO

JANUARY 30, 2024

Cost pressures continue to ease according to accountants worldwide, but remain elevated by historical standards, said ACCA recently. Fears among accountants that their customers or suppliers could go out of business don’t look alarming by historical standards. The post Cost pressures continue to ease appeared first on FutureCFO.

Economics 52

Economics Leadership Accounting Banking 52

CFO Simplified

MARCH 11, 2024

And don’t forget to customize offerings based on generational appeal. For example, a free weight loss program and step (walking) challenges are low-cost solutions to driving down claims associated with diabetes and hyperlipidemia and sparking some healthy competition. Invest in ongoing training programs, both formal and informal.

Communication 52

Communication Prioritization Leverage Healthcare 52

PYMNTS

OCTOBER 2, 2020

For companies of all types, he said, the challenge remains: “Everyone is focused on customer acquisition. The coronavirus has helped foster the evolution of different models that seek to boost customer engagement. The switching costs can be low in a given vertical. In terms of retaining customers, data matters.

Numbers 136

Numbers Planning 136

Future CFO

MAY 29, 2022

At the enterprise level, 46% of respondents said they are scaling up their plans of enterprise digital investments, while 32% said that no changes were planned The findings come even as CFOs indicate they are planning cost reductions in other areas of the business if inflation persists this year. higher customer retention, 1.6x

Investments 98

Investments Finance Forecasting Planning 98

Bramasol

SEPTEMBER 10, 2023

This has been a key driver of user engagement and retention. Predictive Analytics: Predictive analytics are used to forecast and manage potential future issues such as customer churn. In B2B settings, recommendation systems are also increasingly being used to suggest relevant products, services, or resources to clients.

SAP 91

SAP B2C B2B Microsoft Office 91

Spreadym

AUGUST 25, 2023

It's important to consider the costs associated with hiring, onboarding, training, compensation, benefits, and other HR-related expenses. Talent Acquisition and Retention Strategies: Based on the projected workforce needs, organizations develop strategies for attracting, hiring, and retaining talent.

Planning 52

Planning Budgeting Forecasting Leadership 52

Centage

JANUARY 4, 2022

They may include metrics such as customer retention, customer experience, employee happiness, brand reputation, and even your overall business culture. Or perhaps analyzing the results of a marketing effort by evaluating the cost per lead is a valuable metric.

Financial Reporting 94

Financial Reporting Budgeting Accounts Payable Benchmarking 94

CFO Leadership

MAY 31, 2023

Quarter-over-quarter, top areas slated for increases by the finance team were sales and marketing with production, customer support, and technology in a four-way tie for third. Hiring, retention issues, and labor costs were cited by CFOs as the top challenges they would face in 2023, and our survey shows there’s reason for concern.

Prioritization 52

Prioritization Technology Leadership CFO 52

PYMNTS

DECEMBER 22, 2020

First, does a move improve retention? Second, does it increase wallet share from existing customers? And third, does it help in the acquisition of new customers? Saying ‘you’ll be back’ is a different way of doing retention,” he explained. “It In fact, the change is really about giving customers “ultimate control.”

Retail 116

Retail Economics Planning 116

CFO Thought Leader

OCTOBER 29, 2023

It highlights the significance of unit economics, internal metrics like labor and transportation costs, and external indicators that predict market changes and competitive advantage. They discuss the importance of aligning around critical metrics and having support from the board and executive committee.

Planning 52

Planning CFO Performance Measuring Leadership 52

PYMNTS

OCTOBER 19, 2020

It’s hard to think of any business that has more unhappy customers and unpaid bills than healthcare. The problem also crushes the retention and profitability of the providers who would treat them. In no other sector would they accept to get a bill that they don't understand and don't get a cost estimate.”. “In

Healthcare 64

Healthcare Investments Technology 64

CFO Network

SEPTEMBER 13, 2021

Benchmarking is most effective when used to measure specific performance indicators such as cost, quality, time, effectiveness, and customer response. With business reporting, you can see where costs can be cut and technologies implemented to further reduce costs. Why is Benchmarking so Important?

Benchmarking 78

Benchmarking Performance Measuring Technology Accounting 78

Future CFO

SEPTEMBER 10, 2023

Inflation and supply chain disruptions resulted in higher cost of doing business. Cost management and discipline became very key in mitigating these higher operational costs." Boo Hui Yee She acknowledged that digital transformation is also critical to drive enhanced customer experience and operational efficiencies. "As

CFO 98

CFO Finance Leadership Concentration 98

PYMNTS

DECEMBER 22, 2020

Despite the popularity of its exercise bikes and treadmills, which can cost up to $4,300, Peloton has been criticized lately for needing as long as 2 to 3 months to deliver products ; a lag that has angered customers or sent others looking for alternatives. Delivery Delays.

Manufacturing 105

Manufacturing Planning Marketing Retail 105

VCFO

MAY 19, 2022

improved engagement, accelerated hiring, better retention, etc.) The pandemic triggered an epiphany for many parents who found that it would be more cost-effective or simply better for them or another parent to stay home instead of commuting to work and incurring burdensome childcare costs. for the company. Childcare Assistance.

Communication 82

Communication Leadership Education Budgeting 82

Future CFO

JANUARY 23, 2022

Deloitte also noted that increasingly stringent national regulatory policies on antitrust, data security and low-carbon emission reduction will increase compliance costs for enterprises, making it difficult for enterprises to further optimize their operations. In addition, the retention rate is predicted to be high after the pandemic.

Retail 52

Retail CFO Strategic Planning Corporate Finance 52

PYMNTS

AUGUST 3, 2020

He said Fave can build value-added services on top of payments to make its products more than just a way for merchants to complete transactions, but also an integral part of a customer acquisition and retention strategy. Post the code, the customer scans it with their smartphones, pays and they’re done. What Comes Next?

Investments 124

Investments Numbers 124

Bramasol

MARCH 4, 2022

As discussed below, the next wave of XaaS will have benefits for both end customers and companies providing products and services. A summary of key benefits from XaaS include: For your customers: Greater range and availability of products and services. Lower costs and more flexibility. Enhanced customer loyalty.

SAP 94

SAP B2C Manufacturing Treasury 94

Future CFO

OCTOBER 11, 2021

Nearly three in four CFOs polled cited the risk of lower profitability as their top concern as organisations face broad-based input price inflation increases, ranging from salaries and wages to higher costs for commodities and freight shipping, the advisory firm noted. Recalibrate talent recruitment and retention. Source: Gartner.

Manufacturing 52

Manufacturing Investments Finance Securities 52

CFO Leadership

JANUARY 28, 2022

Those engaged in the M&A process are finding digital technologies helpful in reducing transaction time and costs and delivering greater value to buyers and sellers. Digital capabilities can also help companies become more effective at recruitment and retention. Embrace Emerging Trends in Talent and Leadership .

Mergers and Acquisitions (M&A) 96

Mergers and Acquisitions (M&A) Leadership CFO Planning 96

Spreadym

JUNE 15, 2023

For example, revenue growth, customer acquisition, product quality, or operational efficiency could be potential drivers for a company. It involves strategies such as expanding customer base, introducing new products or services, increasing market share, and improving pricing strategies.

Planning 52

Planning Prioritization Concentration Compliance 52

Barry Ritholtz

AUGUST 26, 2022

He has high client retention and has generated respectable performance for those customers. Having now perused this book of business, asking questions of other brokers and managers, he realizes that this is how too much of the Sell-side handles a substantial swath of its customers.

Concentration 141

Concentration Benchmarking Investments Accounting 141

PYMNTS

DECEMBER 3, 2020

She said Mastercard is aiming to optimize payment strategy with the objective of bringing customers an easier experience through the use of things like intelligent routing and a new push-payments partnership, which Mastercard recently announced with Ingo Money. So moving into digital payments also brings cost efficiencies for companies.”.

Treasury 89

Treasury Prioritization Banking B2B 89

PYMNTS

NOVEMBER 17, 2020

The data can be used to offer predictions, help companies improve their products and boost customer retention. Ott told PYMNTS earlier this year that the debt financing in the current SMB ecosystem is often inefficient and can work to heighten costs and boost risk for lenders.

Finance 66

Finance Technology Banking B2B 66

PYMNTS

OCTOBER 2, 2019

Money transfer company MoneyGram announced that it is expanding its loyalty program to customers in France, Italy, Germany and Spain. “We resulting in increased customer transaction frequency and retention rates,” Alex Holmes, MoneyGram chairman and CEO, said in a press release.

Securities 76

Securities 76

Spreadym

NOVEMBER 3, 2023

Analyze revenue by product or service, customer segment, and geography to identify areas of strength and weakness. Gross Profit Margin: Calculate the percentage of revenue left after subtracting the cost of goods sold (COGS). Customer Acquisition Cost (CAC): Determine the cost of acquiring a new customer.

Planning 59

Planning Strategic Planning Budgeting Forecasting 59

PYMNTS

DECEMBER 7, 2020

In fact, Briggs noted that research shows that not only do customers expect it, they want it. “I That’s a valid concern — and an understandable source of customer anger. And it’s not only a huge source of costly write-offs and chargebacks for banks, but one that can cost institutions their customers. “I

Banking 93

Banking Securities Numbers Accounting 93

CFO Talks

MARCH 19, 2024

For AI initiatives, this might include metrics like the reduction in manual processing time, improvements in forecast accuracy, or cost savings achieved through operational efficiencies. Measuring Progress Finally, establishing clear metrics to measure the success of the finance agenda is essential.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. Customers can find out where their peers are happily returning after good experiences, for example, while eateries can invest time in digital platforms that provide prospective diners with information to secure their patronage. The Value In Quick Responses .

Securities 62

Securities Investments Accounting Technology 62

Future CFO

JUNE 2, 2022

Businesses are planning to extract value from these investments by predicting trends and needs of customers (44%), creating new products (42%) and improving existing products and operations (34%). Business leaders report significant data and technology barriers to executing their transformation plans.

Technology 52

Technology Investments Planning Securities 52

PYMNTS

AUGUST 15, 2016

Who doesn’t like it when a customer walks back through that door or buys another item from the website? But what is it that makes a customer “loyal” to a brand? What hasn’t changed is that the cost of acquiring a new customer remains far more expensive than keeping an existing one.

Budgeting 42

Budgeting eCommerce Retail Sales 42

PYMNTS

FEBRUARY 27, 2020

With seamless integration into existing legacy and modern core systems, the One Inc Digital Payments Platform helps insurers increase customer retention while reducing costs, complexity, and the burdens of compliance and security,” a One Inc statement said. BlueSnap, and AffiniPay.

Startups 56

Startups Compliance Investments Securities 56

Future CFO

SEPTEMBER 16, 2022

From anticipating the cost of a data breach to supporting the design and implementation of a privacy framework across the organisation, CFOs today have a greater responsibility that encompasses data privacy and compliance. Not to mention, budget provisions for ensuring data privacy and protection will fall on the CFO’s table.

Compliance 98

Compliance CFO Leadership Leverage 98

VCFO

MAY 26, 2022

In an extremely tight labor market like that of the present, employers who are not competitive in base compensation are highly likely to experience turnover issues and incur significant net additional costs when trying to find and hire new employees as replacements. Costs generally increase every year, as do salaries.

Communication 83

Communication Benchmarking Construction Leadership 83

Michigan CFO

NOVEMBER 1, 2021

With fractional and virtual CFO services, your SaaS business can hire a CFO part time for a fraction of the cost. A SaaS CFO Can Reduce Costs and Accelerate Growth. The biggest reason for getting a CFO is the cost savings from sound financial management. They may also be able to help cut the cost of customer acquisition.

CFO 52

CFO Budgeting Forecasting Tax Planning 52