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NextGen Cost Analytics
Historical inflation and ongoing economic pressures are forcing business leaders to focus on strategically managing costs to protect profitable growth in new ways. Providing actionable cost analytics to the C-suite is an ongoing challenge for many reasons:
- Talent shortage: This generation of business leaders hasn’t had to look at costs in this depth in nearly 40 years. Organizations are struggling to acquire talent in this niche field of practice as it requires a unique skill set.
- Process inefficiencies: The lack of standardized methodologies, frameworks, and delivery approaches for strategic cost management and analytics creates inconsistencies that obscure actionable insights.
- Technology and data: The software market has limited players with modeling applications for cost and profitability analytics. These applications can be complex to implement and difficult to sustain over time.
How PwC can help
PwC provides a combination of technology, advisory and managed service offerings to accelerate the delivery of actionable cost analytics that drive meaningful insights to inform strategic cost reductions.
Our people can help you:
- Transform arbitrary expense allocations into actionable cost analytics
- Measure and manage costs with credibility and confidence
- Provide deeper insights into cost structures and reduction opportunities
- Project future cost positions for pricing, performance and profitability analysis
Only 18% of business leaders believe data in management reports is decision ready
Insights
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