Reduce and manage costs

Solutions

Reduce and manage costs

Increase margin and operating profit to counteract impacts on revenue

Organizations under crisis budget pressure must drive functional efficiency while managing the risks associated with cost initiatives.

As the impact of the COVID-19 pandemic spreads, all functional leaders face pressure to cut costs, but it’s critical to avoid a knee-jerk response. A strategic prism must lead over ad hoc urgency, because the way you manage your cost decisions now, will determine how well you sustain performance during this crisis and emerge as it passes.

It is imperative, especially with immediate cost decisions, to identify and manage associated risks, which often emerge long after misguided cost actions take place.

 

Advisory & Consulting

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Contacts

Nick Tabone

Nick Tabone

Partner | Private Equity Leader

Nick is a partner within the audit department and has over 20 years' experience in this area. He has enjoyed experiences in three other international Deloitte offices. Nick has gained vast experience ... More

Pascal Martino

Pascal Martino

Partner | Banking and Human Capital Leader

Pascal Martino has 18 years of experience in Business Consulting and Advisory services and developed a wide expertise in Private and Retail Banking. Pascal is leading the Banking industry transversall... More

Eric Centi

Eric Centi

Partner | Financial Services Tax

Eric is an expert in Operational Taxes where he assists financial institutions on topics such as: Aberdeen Tax Reclaims: Filing of withholding tax reclaims on behalf of investment funds on the basis o... More