Cost Optimisation and Unlocking Business Performance
Cost optimisation is essential for growth, but success depends on knowing where to focus. As an accountant, you can play a key role in developing an effective and sustainable cash transformation strategy.
£150 +VAT
Cost Optimisation and Unlocking Business Performance
£150 +VAT
365 days’ access
Cost Optimisation and Unlocking Business Performance
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Explain why short-term cost-cutting often harms long-term growth
- Make cost optimisation an ongoing, collaborative effort across the business
- Align cost decisions with strategy, customer needs, and financial visibility
- Understand the role of cost discipline and resilience in navigating change
- Recognise how employee performance and ethical choices impact cost outcomes
About the course
Cost optimisation is no longer just a response to pressure, it is a strategic tool to fund growth and a competitive necessity. But success depends on knowing where optimisation will be most effective. In a rapidly changing world, cost transformation must be dynamic, embedding a culture of discipline for a sustainable future. Accountants have a key role in shaping an effective and sustainable cash transformation strategy.
This course explores the practical realities of building an organisation-wide cost transformation strategy. It examines common pitfalls, how to engage internal teams in the cost agenda, and how to drive value through supplier relationships. You’ll explore smarter approaches to cost-cutting, and how to align optimisation with business operations.
You’ll discover how technology can enhance customer experience, reduce costs, and deliver greater sustainability in cost transformation. The course also considers the accountant’s ethical responsibilities, and how integrity and good judgement can guide businesses through cost transformation with confidence.
Contents
Cost optimisation and accountancy
What is cost optimisation?
Cutting indirect costs
When inflation challenges business revenue
Avoiding cost fatigue
A balanced approach
Developing a fresh approach
Prepare for anything
Strategic cost optimisation
The importance of planning
Reviewing supplier contracts
The importance of dynamic cash forecasting
Wealth from innovation
Innovate to create wealth
Revenue from innovation
Building operational resilience
Performance from purpose
Pricing optimisation
Sustainably transforming costs
Creating cost discipline
Managing liquidity
The role of digital tools
The growing cost of data
Nurturing business performance
Changing habitual behaviour
Risk and reward
Spotlight on corporate culture
Optimising business operations
Looking ahead
Turbulent times
Unethical choices and sustainability
The cost of conflict
The rise of social value
Author
Carol Baker
Carol Baker is Editor-in-Chief at Credit Control Journal and Asset & Risk Review, IT for CEOs & CFOs, and Property Finance & Lifestyle. Carol has been a journalist for a number of years including for ICAEW, the Financial Times, and the Guardian and often works alongside others to uncover corporate financial frauds.
9 reviews for Cost Optimisation and Unlocking Business Performance
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David Willder –
many thought provoking ideas
Warwick Pettigrew –
I found most of the material stimulating and as advancing my knowledge. While I consider I have high ethical standards, I do not share the same implicit faith in initiatives such as DEI, CRS and ESG as they have been publicily manifested.
Bonolo Paul Nare –
Lots of information to go through.
John Mwanza –
The course on Cost Optimization and Unlocking Business Performance was highly insightful. I learned valuable approaches to optimizing costs while recognizing that employees are key assets to the organization, not merely expenses to be reduced. A particularly important takeaway was the distinction between good costs and bad costs, which will be very useful in my budget preparation process. The emphasis on organizational sustainability was also impactful, highlighting that cost optimization should not only focus on short-term savings but ensure the long-term growth and ability of the organization to thrive.
Katarina Gauthier –
Wouldve been great to see examples of software in terms of AI
Yong Phan –
non
Christina Maher –
.
Jacob Lahy –
skip
Lydia Hakeney –
Interesting course that looks at not just the tangible aspects of cost optimisation but the intangible aspects of it as well.