BCG X’s Post

Transcript

Businesses strive for cost efficiency, but often face challenges such as rebounding expenses, complicating both strategic initiatives like post-merger integrations and daily financial operations. Without spend transparency, financial targets may be set too low or too high. Achieving maximal cost saving requires navigating through complex account structures, unclear spend purposes, and unclear ROI of activities. Cost Transparency by BCG X, our double patented solution, directly addresses these challenges. It offers CFO���s a comprehensive, future-proof view of their spending by classifying expenses based on their nature and linking savings directly to the P&L. Cost Transparency coupled with the power of GenAI, resets your cost base, enabling CFO���s to launch quick wins such as halting low-impact activities or revising policies. Benchmark across hundreds of cost categories to identify key intervention areas from over 300 strategic options. Employ GenAI for innovative functional transformation. Cost Transparency���s effectiveness is proven across all industries, with clients achieving 12% to 30% reduction of cost baseline, 10% to 15% addressable spend increase identified by classifying the ungoverned and miscellaneous spend, and 10 to 15% additional savings achieved with new GenAI levers. Cost Transparency by BCG X a GenAI-enabled cost transformation.