What sets modern finance teams apart from their competition? The short answer: their cost management methodology.
“Using cost management as a strategic lever, as opposed to a defensive response, creates new opportunities. It is no longer a reactive tool. It is a proactive way to become more competitive in the global environment.”
Modern finance leaders have transformed not only the way they view their costs, but also how their costs operate within their overall finance strategy. The biggest difference between finance teams with this viewpoint and those that are still struggling to understand their cost is that they are using new technologies and thinking outside the box. They use new tools, new techniques, completely new cost structures that not only reduce costs, but also free up money for growth.