In May we were at the CentroParque Event Center in Santiago, Chile at an event promoted by MyABCM Chile to examine the challenges of cost management and its impact on business profitability in today’s corporate environment.
The event brought together more than 130 Chilean CEOs, CFOs and Executives with the goal of discussing the actions needed to promote more efficient and assertive strategic decision-making in the business routine.
To explore the theme, André Sanseverino, MyABCM’s Global Sales & Marketing VP, presented the main challenges of cost management in organizations.
André addressed the growing demands of customers and markets, both in the national and international scenarios, that require from companies a high diversity and complexity of services, products and their distribution channels, which directly affects the costs and margins of profitability of the business.
Participants were then presented with MyABCM solutions, which allow the segmented view of business costs between products, channels, projects, customers etc., providing a much more targeted and efficient cost management.
Afterwards, Francisco Corral, Associate Director at MyABCM Chile & Peru, talked about the life cycle of cost and profitability management models.
Corral highlighted the need to have less restricted management systems that allow a wide range of well-segmented and complete analyses.
According to the associate director, having more versatile management software is essential, as it gives the company flexibility in its strategic decision-making, either in the face of established scenarios or to make predictions considering the constant market changes.
Corral ended his lecture showing that, by applying multidimensional analyses, companies can align their strategies with market forecasts, performing a much more efficient management.
The businessmen attending the event were able to conclude that only on the basis of accurate information on the costs and profitability of each dimension of the business it is possible to compete in the global business environment, and Corral thoroughly analyzed to the guests the issue of cost management models that allow that differentiation.
Events are excellent opportunities to exchange knowledge, and we sure will have many more to come. If you want to keep up with all our participations, follow our pages on LinkedIn , and Facebook be sure to also follow our blog.