Report: 46 Ways to Preserve Cash and Reduce Cost
69% of SG&A organizations expect financial conditions to continue to deteriorate over the next three months, and most do not expect the economy to fully recover before the end of 2021
Going into 2020, most finance organizations had already factored a recession scenario into their budget and developed contingency plans. However, those plans did not account for the economic shock brought on by the Covid-19 outbreak.
Our research indicates that 69% of SG&A organizations expect financial conditions to continue to deteriorate over the next three months, and most do not expect the economy to fully recover before the end of 2021. Thus, finance must stay vigilant in protecting the company’s margins by preserving cash and supporting enterprise cost-reduction initiatives.
In this whitepaper, The Hackett Group have highlighted ways you can protect cash and lower costs. We are all aware that Covid-19 has caused major disruption and preserving cash is high on everyones agenda.
Download to discover:
- How you can preserve cash
- Crisis response practices adoption
- 23 ways to reduce cost