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Cost reduction

We help clients identify where their major cost and value drivers are, and work with them to assess how they can be better managed. Our analysis addresses the benefits and risks of optimising costs and value, in both internal processes and external relationships with customers and suppliers.



Cost Management globally focuses on enhancing organisational structures by:

  • Delivering savings by analysing the cost base using external and internal benchmarks; and developing and implementing improvement through rationalising operations and projects, shared services or out-sourcing, and redundancy programmes.
  • Maximising the buying power of the business by analysing existing spend, identifying opportunities for savings, and designing improved procurement structures and controls.
  • Implementation of cost management strategies, developing ongoing benefits realisation plan and Procurement Analysis.





We support CEOs, CFOs, controllers and treasurers to optimise the structure of their finance functions to improve their contribution to the business. We structure our support to ensure that finance addresses the challenges of achieving appropriate standards of control, efficient back office opportunities and support to the business through insight and challenge.

These three competing priorities will continue to be the challenge for the finance function.

Being accountable to the business and to the financial community, CFOs have put compliance and control high on the agenda. For many, responses have been tactical rather than strategic. More deeply embedded and sustainable solutions are now required. Flexibility to response to future regulatory change is also increasingly important.

The pressure to release money, resources and capacity has never been greater. Gains may come from the elimination of redundant activities, consolidations of activities (for example, through shared services), standardisation and automation of processes. These steps have in some instances resulted in cost savings in excess of 50%.

Insight takes different forms in different organisations. It involves delivery of an effective performance management framework, understanding the key business drivers and challenging and supporting business decisions around these drivers. Equipping finance to deliver effective support on these aspects requires tools and capabilities which are often new to the function.

We can help with:

Governance standards

You are concerned about what governance standards you need to establish to align finance with the business.

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Reducing the costs

You are seeking to reduce the costs and improve the efficiency of the finance function.

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Aligning finance

You are trying to align finance with the business to provide an effective performance management and challenge mechanism.

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Taking balance of controls

You are concerned about having the appropriate balance of controls and that they are not constraining the business.

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Encountering more challenges than expected

You are concerned about having the appropriate balance of controls and that they are not constraining the business.

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Recognising change as the "normal" state

You want to recognise change as the "normal" state and want to explore how to embed change capabilities into your finance organisation.

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Exploring a vision for finance

You want to explore a vision for finance.

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Contact us

Raimonds Dauksts

Raimonds Dauksts

Director, Head of Advisory, PwC Latvia

Tel: +371 6709 4400

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