VIRTUAL ROUNDTABLE – From Blind Spot to Business Advantage: The CFO Direct Spend Masterclass , presented by Coupa
Many CFOs & finance teams operate with a critical blind spot: direct spend management. According to The Strategic CFO report, 39% of CFOs view direct spend as a challenge or cost center, with 60% recognizing it as a strategic area that needs better alignment. Direct spend demands a strategic focus, not a blind eye, as it is the largest and most influential cost driver on the income statement.
In this Masterclass, Direct Spend specialists will reveal how consolidating direct and indirect spend can transform from an area of inefficiency to a strategic lever for growth, by:
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Controlling costs via visibility: Find undetected costs, such as procurement inefficiencies, freight or logistics, and supplier price hikes, before they appear on financial reports when it’s too late.
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Reducing cash-to-cash cycles & boosting working capital: A lack of spend oversight can lead to overstocked inventory, tying up cash in slow-moving or obsolete goods, which impacts liquidity and increases holding costs. Reclaim trapped working capital and free up cash for strategic growth initiatives
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Ensuring supply continuity: Develop strategic relations with suppliers and ensure that supply assurance is maintained during times of supply chain disruptions
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Improving Financial Forecasting Accuracy: Get ahead of unpredictable cost fluctuations and make confident, data-driven decisions
