Strategic Cost Reduction: CFOs Can Generate Profits Too

In the last 2 years, most companies did very simplistic versions of cutting costs by dropping personnel and freezing capital expenditures. then minimizing operating expenses. Now is the time to strategically optimize key business processes such as ‘Sales Order-to-Cash’ and ‘Procure-to-Payment’ to not only reduce costs and increase profits, but also to position your company for an early rebound in the new economy.

Janet Altman is a Marketing Principal at Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.