and after the recession, while losers stalled.❞
Early cost restructuring and financial discipline are two of the areas where winners excelled
Amidst the current economic uncertainty, one weapon can be used by any business to safeguard finances and enhance operations—spend management principles and resources. Yet only a quarter of companies practice spend management discipline.
If your company is among the majority with no consistent approach, this report will get you started.
Source: Beyond the Downturn: Recession Strategies to Take the Lead, Bain & Company
Spend Management Approach to Business Resilience
This report packs a lot of ideas into a dozen or so pages:
- Three immediate steps every business can take.
- Advantages of access to external benchmarking data.
- Stress-testing to operate with fewer resources.
- Skills needed for the next recovery phases.
For those skeptical of spend management claims
Some business leaders are uncertain or believe their operations are already optimized, yet the following results we’ve attained across various industries show how significant the outcomes can be:
| Client | Savings | Redirected cash flow |
|---|---|---|
| Regional Full Service Bank $2B Assets, 75 Branches | $700,000 per year | Balance sheet, technology and staff |
| Wholesale Food Distributor $1.2B Revenue, 1500 Employees | $1.7M per year | Healthcare costs, technology and marketing |
| Industrial Manufacturer $800M Revenue, 2700 Employees | $2.9M per year | Healthcare costs, re-staffing, technology and new products |
PLUS: You can get spend management services for zero upfront costs via contingency-based plans.
Emerge a winner in the pandemic recovery
Take advantage of this guide and the opportunity to schedule a complimentary call with one of our spend experts. We only get paid on performance—no savings opportunity, no engagement.
Download Spend Management Approach to Business Resilience and then schedule a call with our spend experts at (929)416-3050.
Natalya Berdzeni
Latest posts by Natalya Berdzeni (see all)
- Three steps to navigate the pandemic economic recovery - June 4, 2021
- Small Parcel Services - May 11, 2021
- Payroll Services Overview - May 11, 2021
