Cost Reduction

Top 3 expense management techniques for CFOs

Top 3 expense management techniques for CFOs

Tracking each and every asset within an organization can be tedious, time-consuming and nearly impossible on your own. Chief financial officers have the unenviable task of monitoring resources, determining where there are possible overages and identifying positive investments for future growth. There are three big expense management techniques that CFOs can utilize to monitor costs effectively and make savings stick.

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The Proactive Approach: Controlling Telecom Costs

The Proactive Approach: Controlling Telecom Costs

Telecom costs are often responsible for a business’ largest operating expense, and yet so frequently, they go completely unmanaged. Does this sound familiar? Take the first simple steps to controlling telecom costs by accessing Valicom’s newest white paper, “The Proactive Approach: Controlling Telecom Costs”. This white paper outlines initial questions organizations need to consider to achieve proactive management of telecom costs.

Telecom Expense Management Software Task List – Cost Allocation

Telecom Expense Management Software Task List – Cost Allocation

Another telecom management task that will conjure up memories of your Mother, or maybe your Father, is the age old question – “Who is going to pay for this thing?” Now that you know what you have, your CFO probably wants to know who is responsible for each particular business expense.  Those Accountants, always so picky.  But that is what you pay bean counters to do –  count beans.  And sometimes they even want the beans split into pieces!  It is not uncommon to have one inventory item being paid for by multiple departments.