CFO Reality Check: Good Intentions in Cost Management are not Good Enough

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www.accenture.com/CFORealityCheck Cost reduction is key, but as CFOs pivot to growth, many risk leaving the cost flank exposed. Accenture Strategy research reveals that just six percent of CFOs say cost management will be their top strategic priority in 2016. Yet a flexible cost structure is essential for profitable and sustainable growth. CFOs must do more now to drive a broad cost management mandate. Strategic cost management offers a radical approach to disrupting enterprise costs from the inside.

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CFO Reality Check: Good Intentions in Cost Management are not Good Enough

1. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. CFO reality check: Good intentions in cost management are not good enough

4. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. CFOs must act now. Strategic cost management offers a radical approach and is unique in three ways…

5. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. THREE WAYS STRATEGIC COST MANAGEMENT OFFERS A RADICAL APPROACH It’s comprehensive and goes beyond blind cost cutting. The goal: increase profitable growth in areas such as product & service innovation, and better customer experiences. 1

6. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. THREE WAYS STRATEGIC COST MANAGEMENT OFFERS A RADICAL APPROACH It means doing more than dabbling in digital. Identifying low or no value activities and re-‐investing to drive growth happens faster and cheaper with digital technologies. 2

7. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. THREE WAYS STRATEGIC COST MANAGEMENT OFFERS A RADICAL APPROACH CFOs need to get in the driver’s seat to become true catalysts for strategic cost management and extend their roles as enterprise value architects. 3

8. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. LEARN MORE about how CFOs can get started, including three fundamentals to help realize competitive advantage, with our full report: CFO reality check: Good intentions in cost management are not good enough

CFO Reality Check: Good Intentions in Cost Management are not Good Enough

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