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When the staff conversation turns to operating margins, cashflow, inventory, or revenue, does the CHRO tune out? Does your CHRO blog, tweet, have RSS feeds, and know what cloud computing, SaaS, and YouTube are? Do you know the ROI you receive from investing in salaries, bonuses, or development?
Enterprise Profit Management (EPM), a SaaS system which can be configured in a few weeks, provides the critical financial information that managers need today. Some products may well be very profitable, even though the overall customer ROI is negative. Cost to serve varies again by customer, and even by product within a customer.
This includes reviewing our tech stack, evaluating our SaaS licenses and ensuring oversight for purchases above a certain threshold. We’re focusing on marketing spend where we know there’s ROI and questioning the ones that are a little more vague. The post A CEO Guide To Smarter Cost-Cutting appeared first on ChiefExecutive.net.
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