When companies have operated for more than ten years without significant changes to their processes, workflows, and technologies, it is likely they are not achieving peak performance and efficiency levels.
While there can be a tendency to not engage in critical review when it appears things are running smoothly, it is likely that outdated processes and technology are acting as barriers to greater efficiency, cost savings, and profitability.
From hardware, software, and telecommunication systems to internal financial and operational processes, the entire internal operating spectrum should be periodically assessed to discover where cost-effective changes can be made.
Reviewed in this week’s full PDF…
…are real-world examples that illustrate how significant savings have been achieved – both by becoming aware of previously unknown accounting software features and by investing in new software that automated accounts payable functionality.
Los Angeles and Southern California executives interested in discovering ways to improve efficiency and reduce costs can benefit from talking with a provider of outsourced CFO services.
A CFO services professional brings a proven track record of assessing workflows, processes, and technology that identify opportunities to improve efficiency and reduce costs.