Cost Efficiency: Definition and Strategies for CFOs
Cost optimization steps CFOs must take to build resilience and get ready for a predicted recession
CFOs: Build a recession-ready business
Steps CFOs must take to optimize costs, build resilience, and prepare for a recession
In an uncertain business world, CFOs need to be the leaders of overall enterprise performance management and cost management efforts. How can you become a change leader who balances short-term opportunities with long-term growth and sustainability?
Focus on three paths to cost efficiency to deliver short-term quick wins, ongoing improvements, and longer-term competitive advantages:
- Optimize procurement, technology, and indirect costs.
- Manage or reduce headcount.
- Support cost management initiatives with accurate, timely data to improve decision making, workforce productivity, and value tracking.
Dive into our thinking:
Cost Efficiency: Definition and Strategies for CFOs
Download PDFExplore more
Subscribe to CFO Real Insights
Discover KPMG CFO Real Insights, designed to help improve business performance across the enterprise and in your finance organization.
Meet our team
Douglas Baker
Principal, Advisory, Finance Transformation, KPMG US
Ivan Teodorovic
Principal, Transaction Strategy, KPMG US
Yatin Anand
Principal, Procurement and Outsourcing Advisory, KPMG LLP (U.S.)
John Whalen
Managing Director, Advisory, Finance Transformation, KPMG US
Douglas Baker
Principal, Advisory, Finance Transformation, KPMG US
Ivan Teodorovic
Principal, Transaction Strategy, KPMG US
Yatin Anand
Principal, Procurement and Outsourcing Advisory, KPMG LLP (U.S.)
John Whalen
Managing Director, Advisory, Finance Transformation, KPMG US