COST CONTAINMENT

April 10, 2020 by Kelly Payton

In this special edition episode of The Wrap, Hanny Akl CPA, CFE, CEPA, CVGA, a Member of Warren Averett and the Firm’s Transaction Advisory Services Practice Leader, and Roger Spain, CPA, CFA, a Principal in Warren Averett’s Outsourced CFO practice, re-join our hosts to discuss how businesses can contain costs in this financially stressful season. Our guests bring actionable ideas and advice for reducing spending and discuss important considerations for businesses looking to cut costs.

This podcast episode features discussion about:

How companies should approach cost containment during the COVID-19 pandemic
Considerations for slowing your business’s cash burn rate
How to best evaluate where your business can cut costs
Considerations for reducing spending, including reducing labor costs
Adapting your approach to your revenue stream

Click here to download Rolling Cash Flow Calculator and Waste Audit Worksheet as additional helpful tools when reviewing cost containment

This episode reflects our views at the time this podcast episode was released and should be used as reference only. We recommend that you talk to your Warren Averett advisor, or another business advisor, for the most current information or for guidance specific to your organization.

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