Cost-cutting and spend reduction are back at the top of the enterprise priority list. But how are CFOs supposed to implement effective cost-control mandates when their visibility into actual spend data is so poor?
This isn’t a “big data problem” — the obstacle is widely dispersed data and multiple systems of record. CFOs just don’t have the ability to act on spend data in time for their decisions to have real P&L impact. Is there a solution for connecting disparate data sets and driving real-time transparency?
A new GEP Analysis, Conquering Costs: How CFOs Can Gain Real Cost Control with Real-Time Data, explores this problem and suggests ways to create end-to-end spend data visibility, enabling CFOs to make faster and better-informed decisions.
- Key factors that have eroded access to company-critical data
- Why dynamic data solutions should be agnostic to systems and user behavior
- How budget-to-pay technology helps procurement and finance gain control of costs
Read now to learn how the right data strategy can foster both true enterprise agility and impactful cost reduction.