Cost Reduction
Essentially healthy companies saw their revenue decline drastically because of Covid-19.
Depending on the industry, turnover and revenue can suddenly
drop to zero, while substantial fixed expenses like rent, personnel,
energy and insurance costs remain high.
Define and deploy short-term actions
Organizations will not only have to anticipate a possible liquidity squeeze, they must also analyze existing cost structures. Both will enable them to define and deploy short-term actions.
TriFinance has built a team of experts that can manage, improve or implement costing systems. We can analyze your income statement and balance sheet in terms of consumptions and stocks, checking for potential savings.
Focus points
- Check and Optimization of purchasing volume (“Spend cut”)
- Identification of cross-functional improvement opportunities from an End-to-End perspective
- Process automation (RPA) to increase efficiency and generate a positive impact on margins