CFOs: Build a recession-ready business
Steps CFOs must take to optimize costs, build resilience, and prepare for a recession
In an uncertain business world, CFOs need to be the leaders of overall enterprise performance management and cost management efforts. How can you become a change leader who balances short-term opportunities with long-term growth and sustainability?
Focus on three paths to cost efficiency to deliver short-term quick wins, ongoing improvements, and longer-term competitive advantages:
- Optimize procurement, technology, and indirect costs.
- Manage or reduce headcount.
- Support cost management initiatives with accurate, timely data to improve decision making, workforce productivity, and value tracking.
Review our white paper, Cost Efficiency: Definition and Strategies for CFOs, for three ways CFOs can drive change across the organization through short-term quick wins, ongoing improvements, and longer-term competitive advantages. Learn how a decisive, proactive approach to cost management does more than help an organization survive a recession. It also positions it for greater transformation and growth.
