The Ledger

Navigating the Cost Stages of Your Business

“Transformative companies know that having access to accurate cost information is more than just a novel exercise, but the insights can drive real competitive advantages.”

In business and in life, every single decision comes at a cost. Fully understanding each cost associated with a choice is a critical activity for any company looking to compete and grow. Cost stages in a business are like life stages – as you grow, you must refine each step in the process to thrive. Each stage requires different tools and capabilities designed to handle everything from minor bumps and bruises to major interventions. To make better business decisions, finance leaders must first improve the way they leverage their cost data to propel long-term, sustainable growth.

Read More on LinkedIn >

How Consumer Products Companies Can Thrive in Digital Transformation

Consumer products organizations are embracing robust technologies to enable their digital transformation goals and to gain greater operational efficiencies and competitive advantages. These tools integrate disparate systems to support a single environment for robust analytics that provide meaning business insights and can ultimately be the difference between success and failure. To be successful, growing consumer products companies should adopt a standardized solution flexible enough to work across multiple organizations to alleviate the struggle of integrating newly acquired businesses. And beyond the ability to integrate new businesses, consumer products companies want to increase their speed to benefit of acquisition integration and implementation.

Read More at The Digitalist by SAP >

Data-Driven Decision-Making is Fueling a Competitive Advantage

Many companies have adapted to a “data-driven” approach for operational decision-making. Data can improve decisions, but it requires the right platform to get the most from it. The rapid adoption of intelligent technologies in today’s marketplace has completely turned decision-making practices on their heads. Traditionally, businesses depend on everyone’s opinion before making big decisions. However, it comes with the risk of slowing down the decision-making process in a hyper-competitive environment. Modern organizations have employed big data technology in their operations to help them analyze the consistently generated data. By having access to real-time accurate data insights, decision makers can make meaningful and strategic decisions faster.

Read More at Forbes Magazine >

Drive Business Strategy with Cost Optimization

According to Gartner’s 2018 IT Budget Benchmark for Midsize Enterprises, IT spend represents 3.5% of total business revenue.

“Rather than solely focusing on optimizing those costs, progressive CIOs rethink how technology investments can influence the other 96.5% of spending. CIOs that approach conversations about cost optimization from a strategic investment perspective are better equipped to balance critical business priorities while driving long-term cost savings.”

IT cost optimization isn’t only about cutting costs or identifying new sources of efficiency. It is also about strategic investments oriented around business objectives.

Read More at Gartner >