COST TRANSFORMATION

Align costs with strategy and focus on growth

Effective cost transformation is about simplifying, refocusing, and strengthening your organization so you can pursue growth and provide a better customer experience. Our approach is both holistic and customizable, enabling you to cultivate, reward and continually improve a sustainable cost management culture

Skillocity helps companies across industries determine what is required and then establish programs to achieve the necessary capabilities at the right performance level

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Transform, not just reduce, your costs
Turnaround

Save to turnaround. Focus on immediate actions to reduce costs, maximize liquidity, bring stability, and capture savings to avoid further deterioration of the organization

Fund

Save to fund. Focus on actions that help improve cost and competitive position, avert cuts that might inhibit future growth, and rebalance costs to fund investments in business strategy enablers

Grow

Save to grow. Enable or develop a scalable cost or business platform to fuel growth and investment in core capabilities while supporting a differentiated business strategy

  • Increase the probability of achieving organizational strategy
  • Improve the flow of resources to areas of strategic importance
  • Achieve greater alignment of business functions
  • Reduce level of cost inefficiencies
  • Minimize effects of organizational weaknesses
  • Decrease amount of effort dedicated to nonstrategic activities
  • Bridging costs and value creation for holistic cost management
  • Bridging outside-in with inside-out
  • Bridging cost reduction programs and cost management
  • Addressing SG&A opportunities
  • Driving sourcing opportunities with cognitive enablement

Enabling working capital improvements through live transparency

WHY Skillocity?
How We Can Help

Zero-based Budgeting: Make sure that every dollar you spend serves your strategy. Zero-based budgeting creates an ownership mindset that reduces costs by 20 to 40 percent and keeps costs out

Accelerated Transformation: Whether you need to hit earnings targets, rapidly fund growth, out- invest competitors, or simply survive the challenge is the same: quickly reduce costs without damaging your future prospects. Our experts advised that industry-proven transformation turns that challenge into an opportunity: we not only help you quickly reach your financial goals but make the essential organizational changes that put you on a path to sustainable growth

Working Capital Management: Achieving a step-change in net working capital (NWC) performance can be challenging. Companies tend to devote far more focus to operating profit. Financial reporting at the P&L level doesn’t measure working capital optimization. Gaining full visibility into cash performance and availability can be a struggle. And improving NWC performance requires cross- functional cooperation and alignment with mid-level managers, which is difficult to achieve, particularly when their incentives are misaligned with effective working capital management. We’ve helped companies in many industries overcome those obstacles and reduce the cash conversion cycle markedly—and sustainably

Technology Cost Management: The costs of digitalization are pushing technology budgets up, both in absolute dollars and as a share of operating expenses. We & all help corporates adopt cost management practices that eliminate waste and propel their strategy

by industry proven Cost Transformation projects

Impact

Identification of Average total savings Delivering value in the first year Average ROI for Cost Transformation Average uplift achieved by industry proven Cost Transformation projects