Category Archives: Cost Cutting Strategies

When Should You Outsource vs. Do Work In-House?

This week’s post and linked full PDF are by Sherry Rahbar, Partner, CFO Edge, LLC. Given outsourcing’s potential benefits and “gig economy” trending, executives are more frequently looking at when they should outsource vs. do work in-house. The use of … Continue reading

Posted in CFO Services, Cost Analysis, Cost Cutting Strategies, Financial Strategy, Los Angeles, Outsourcing | Tagged , , , , , , , , , | Leave a comment

Robotic Process Automation: The Future of Digital Technology

This week’s post and linked full PDF are by John W. Braine, Partner, CFO Edge, LLC. In our recent article, The Need to Bring Finance & Accounting into the Digital Age, we looked at how important it is for finance groups … Continue reading

Posted in Accounting & Finance Departments, Accounting Systems Design, Cost Cutting Strategies, Finance & Digital Technology, Financial Operations, Financial Strategy, Financial Trends, Los Angeles, Risk Management | Tagged , , , , , , , | Leave a comment

The Benefits of Using Purchasing Cards

This week’s post and linked full PDF are by William K. Thorpe, Partner, CFO Edge, LLC. With high costs and significant processing time for using purchase orders in the procure-to-pay process, it makes sense to take a close look at … Continue reading

Posted in Accounts Payable, AR & AP Management, CFO Services, Cost Cutting Strategies, Expense Reduction, Los Angeles, Procurement Cards, Purchase Cards or P-Cards | Tagged , , , , , , , , , | Leave a comment

Why Service Businesses Must Track Employee Utilization Rates

This week’s post and linked full PDF are by Sherry Rahbar, Partner, CFO Edge, LLC. Unlike manufacturers who create and track products for sale, a less tangible inventory – billable time for employees’ work – means that service businesses must track … Continue reading

Posted in CFO Services, Cost Cutting Strategies, Employee Utilization Rates, Financial Strategy, Growth Strategies, Los Angeles, Performance Management, Performance Measurement | Tagged , , , , , , , , | Leave a comment

The Benefits of Revisiting Processes, Workflows & Technology

This week’s post and linked full PDF are by Arthur F. Rothberg, Managing Director, CFO Edge, LLC. When companies have operated for more than ten years without significant changes to their processes, workflows, and technologies, it is likely they are not … Continue reading

Posted in Accounting Systems Design, Accounts Payable, CFO Services, Cost Cutting Strategies, Expense Reduction, Financial Infrastructure, Los Angeles, Operational Analysis, Workflows & Processes | Tagged , , , , , , , , , , , , , | Leave a comment

Should You Consider Zero-Based Budgeting in 2016?

This week’s post and linked full PDF are by John W. Braine, Partner, CFO Edge, LLC. Needing to review cost management structures due to pressures to reduce costs and increase profitability, executives leading Los Angeles and Southern California companies are taking … Continue reading

Posted in Business Budgeting, Cost Analysis, Cost Cutting Strategies, Financial Strategy, Forecasting, Los Angeles, Zero-Based Budgeting (ZBB) | Tagged , , , , , , | Leave a comment

Do You Really Need to Make That Business Trip?

This week’s post and linked full PDF are by William K. Thorpe, Partner, CFO Edge, LLC. With air travel presenting challenges around time lost flying, reduced on-plane seating space, and security compliance, virtual meetings via teleconference are becoming a more attractive … Continue reading

Posted in Cost Cutting Strategies, Customer Relationship Management, Customer Service, Los Angeles, Virtual Meetings | Tagged , , , , , , , , , | Leave a comment

The Hidden Costs of Accounts Payable Processing

This week’s post and linked full PDF are by Arthur F. Rothberg, Managing Director, CFO Edge, LLC. The hidden costs of accounts payable processing may not occur to all Los Angeles and Southern California business leaders, but their presence erodes … Continue reading

Posted in Accounts Payable, AR & AP Management, Cash Flow, Cash Management, CFO Services, Cost Cutting Strategies, Credit Management, Financial Operations, Los Angeles | Tagged , , , , , , , , , , , | Leave a comment

Lean: It Isn’t Just for Manufacturing

This week’s post and linked full article are by Howard Goldman, Partner, CFO Edge, LLC. While most executives in Los Angeles and Southern California are familiar with lean manufacturing, many who own and manage non-manufacturing companies aren’t as familiar with … Continue reading

Posted in Cost Analysis, Cost Cutting Strategies, Customer Service, Financial Strategy, Growth Strategies, Lean Principles, Los Angeles, Operational Analysis, Outsourced CFO Services, Pricing | Tagged , , , , , , , , , | Leave a comment

How to Manage T&E Expenses More Effectively

This week’s post and linked full article are by Howard Goldman, Partner, CFO Edge, LLC. While travel and entertainment expenses are important for many Los Angeles and Southern California, incorrect, missing, and abused expense reporting policies prompt business leaders to … Continue reading

Posted in CFO Services, Cost Cutting Strategies, Expense Reporting, Fraud Prevention, Los Angeles | Tagged , , , , , , , , , | Leave a comment