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4 Strategic Approaches for Finance in R&D Management (Cost Savings 3 of 3)
During an interview for an FP&A role at a biotech company several years ago, the head of R&D asked how I would evaluate their sizable annual R&D investment. I suggested project-level discounted cash flows (DCFs), but my answer was impractical and incomplete. R&D is often a challenging area for finance professionals, requiring a delicate balance →
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Maximizing G&A Efficiency: Cost-Cutting Strategies (Cost Savings 2 of 3)
When the pressure is on to reduce costs, G&A often finds itself on the chopping block. It’s seen as an easy target (“just overhead”), but this view can be oversimplified and even misleading. This is the second post in my series on cost-cutting strategies. In the first I covered how to cut costs without →
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Strategic Cost-Cutting Without Layoffs (Cost Savings 1 of 3)
Controlling costs is a critical part of FP&A, both during budgeting and as actuals are reviewed each month. However, catalysts such as a revenue shortfall or an acquisition may require rapid cost-cutting measures. In these cases, you need to maximize savings without compromising the company’s ability to execute its strategy and ideally without impacting anybody’s →
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