cost management
CFO Dive: For Spirit Airlines’ CFO, It All Comes Back to Math
“The cost-cutting challenge stems from the mismatch between the short-term nature of the problem and the long-term assets of the...
CFO Dive: Careful pruning, not blanket cuts, aids post-pandemic growth
“”During financial uncertainty, many business owners react on their gut,” Stephen King, president and CEO of GrowthForce, an outsourced bookkeeping,...
CostTalk Q&A: Guide to Implementing an Effective Cost System
Many organizations invest significant time and effort into cost systems, yet still struggle to produce insights that decision-makers trust and...
FP&A Trends: Managing Fixed Costs During Uncertainty
When looking to reduce fixed costs, Karnawat suggests investigating these expense categories: Payroll and benefits Supplier relationships Outsourcing Cost of...
CostTalk Q&A: Profitability Beyond Gross Margin
Gross margin is often treated as the primary indicator of performance, yet it rarely tells the full story of profitability....
RCA Institute: How Do You Prefer Your Costs – Fixed or Variable?
The RCA Institute asks the following questions about fixed or variable costs – Are they avoidable for the current decision?...
Aligning FP&A and Accounting Teams for Success
“Accounting teams, which are responsible for controls, compliance and reporting — traditionally backwards-looking functions — tend to focus on the...
Gartner: Build Cost Strategy Around Differentiating Factors, Not Competitive Trends
“Our research shows that CFOs are often blown off course by external targets that prioritize growth over profitability. Their targets,...
Industrial Companies: Control Indirect Costs to Gain Profits
“Maintaining profits and growth is going to be very difficult. However, regardless of the larger economic environment, companies can take...