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A Cornucopia of Cost Cuts

A no-stones-unturned attitude toward cost savings permeates companies' thought processes.

David McCann, CFO.com | US
May 8, 2009

New World Cost Slashing

A very insightful article. Just a bit old fashioned, from where I sit in the current Cloud enabled world! If you want to cut the cost of communications within your company, then you should be seriously looking at VOiP and Virtual PBX. I know the USA is a bit behind the technology curve, having chosen the odd out technology for their mobile platform, and you are being charged for it now. Here in Asia, we are introducing the PocketOffice technology, which allows you to send any calls to your employees mobile handset numbers through our VOiP platform, thus the company needs NO hardware or landlines (except for the receptions main line). Can you imagine the possibility of Wall Mart stores being able to call each other for free? More importantly, Unified Communication allows Wall Mart China, to attend board meetings in Arkansas, for free! Also, their vendors in China, can be enabled into the new automatic replenishment system, saving billions of cash, by knowing when to deliver new stock to which store, in real time. That's thinking outside the box and saving up to 60% of your current cost of communications! Want to hear how?

Posted by Per Lind | May 10, 2009 02:18 pm

Cost cutting remains essential in a downturn

Nice article; cost cutting is topically very relevant as companies across the board scramble to lower overhead, just like most American families are doing as well. The economic straits do not discriminate. The point I want to emphasize, however, is the necessity of achieving even small savings wherever possible because of their eventual compounding into significant sums. The article touched on this but I believe it is very important to recognize. Forgive the metaphor, but I think of it like cleaning a floor: small clumps of dust are swept into one large pile. So even though five figure savings are a drop in the bucket for billion dollar companies, if they're swept up together, a bunch of five figure savings equal a lot more than five figures. I know for a fact that several of America's top companies are taking heed, and I'll add that I have somewhat of a unique perspective to make these assertions: I work in marketing for a company called Validas that audits corporate and individual cell phone bills to generate average savings of around 20 percent. For some huge companies these savings are negligible compared to their net worth, but in an economy that pummels the quarterly bottom line, every penny counts.

Posted by Dylan Barnhart | May 08, 2009 05:08 pm

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