Getting the Most for Every Dollar: Tools and Strategies for
Expense Management at Mid-size Companies
Getting the Most for Every Dollar: Tools and Strategies for Expense Management at Mid-size Companies
By CFO Research Services, March 01, 2008
The executives in this study are confident about the growth prospect for their own companies. Many plan to increase spending on items like computer equipment and training, and use technology to control costs.
However, there is a need to:
- Identify opportunities to consolidate spending
- Determine eligibility for tax refunds
- Improve back-office processing
- Identify spending patterns
- Institute or heighten controls over employee spending.
The use of preferred vendors is strongly encouraged but it is important to negotiate discounts and strike a balance in price, quality and service, depending on company priorities. The steps some companies are taking to get the most for every dollar can be found in the full report.
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