With COVID-19 putting significant pressures on business profitability, delivering in-year savings has become even more vital to support business recovery.
The mass disruption has left businesses significantly over budget, creating an urgent need to rapidly drive in-year benefits to minimise the budget over-runs. Achieving these savings within the financial year requires a pragmatic short-term approach and rules out many of the techniques that can be adopted when there is a longer time frame.
If you are merely focussing on tactical supplier negotiations to derive in-year benefits, you may not really achieve the expected in-year savings. You will have to tap into a wider range of benefit levers for a higher savings yield – especially in today’s uncertain business climate.
We offer a practical, fast-track approach that can help you get there.
Download our ‘Post-COVID-19 In-year Savings Delivery Guide’ to learn about:
- Different approaches/tools available to make savings stick in-year in a post-COVID-19 climate
- Key challenges to overcome along the way
- Using a checklist to accelerate in-year savings