Kronos Group

Achieving efficiency in spend management

Ensure growth and stability with a streamlined and optimised spend management platform.

It is no secret that the finance function is the lifeblood of an organisation. From ensuring the smooth running of daily operations to reaching new horizons, everything is made possible through the effective management of the finance function.

That said, regulating the flow of funds in an organisation is not necessarily straightforward. It is an art finance professionals need to master to ensure their organisations are agile, stable, and achieve growth through the effective allocation of finite financial resources.

This requires having a platform that can facilitate the implementation of the right optimisations to ensure a stable inflow and outflow of finances and master spend management.

So, how can a business achieve efficiency in spend management?

Today, this is a continuous cycle that involves identifying and resolving sources of uncertainty in projects, determining the base cash cap on a per-project basis, identifying, assessing, and controlling organisational assets and liabilities, and adjusting assumptions and calculations to assess project finances.

Access the infographic

It is no secret that the finance function is the lifeblood of an organisation. From ensuring the smooth running of daily operations to reaching new horizons, everything is made possible through the effective management of the finance function.

That said, regulating the flow of funds in an organisation is not necessarily straightforward. It is an art finance professionals need to master to ensure their organisations are agile, stable, and achieve growth through the effective allocation of finite financial resources.

This requires having a platform that can facilitate the implementation of the right optimisations to ensure a stable inflow and outflow of finances and master spend management.

So, how can a business achieve efficiency in spend management?

Today, this is a continuous cycle that involves identifying and resolving sources of uncertainty in projects, determining the base cash cap on a per-project basis, identifying, assessing, and controlling organisational assets and liabilities, and adjusting assumptions and calculations to assess project finances.

How Can you achieve effective spend management

Access the infographic


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    Julie Brand

    A part of Kronos Group’s team since 2018, Julie is a leader who has honed her specialisation in business transformation and utilised her expansive financial expertise to power business strategy and add value to what we do. She has amassed experience (Pfizer, Sony, AXA, SMEC, Tradelink) all over the world in strategy, project management, analysis, and supply chain.