Archive for the ‘Cost’ Category

Minimise Costs AND Maximise Business Impact in Today’s Tough Economy

Thursday, March 19th, 2009

Singapore In today’s economic turmoil, companies are facing mounting pressure to continually lower costs and maintain a lean business operation to ensure survival. There is a compelling need to leverage on current resources to drive sustainable cost advantages and manage risk effectively.

However, finance professionals need to ensure that financial results are not compromised amidst cost reduction and risk management measures. Pacific Conferences is organising a 2-day Conference on “Strategic Cost Reduction and Risk Management for the Finance Function� from 14-15 May 2009 in Singapore. This timely conference seeks to equip Finance Directors & CFOs with essential strategies and critical tools to minimise costs and maximise business impact,

“In today’s marketplace, there is relentless pressure to reduce and improve efficiency. However, our research shows that half of the cost reduction programmes are not able to meet the established goals,� said conference speaker Andy Hui, CFO Services Practice Lead of Deloitte Consulting, South East Asia.

Andy will be sharing tips on how to approach cost reduction strategically, as well as the key success factors for effective and sustainable cost reduction programmes at this conference. Speakers from KPMG, The Regent Hotel and Accenture will also go through key issues such as designing the right shared services operating model to achieve cost savings, tapping on BPM (Business Process Management) to manage changes associated with redesigning business processes, and motivating employees to involve themselves in performance improvement exercises.

Agreeing with Andy, conference speaker Peter Gordon, Consultant to MasterCard, feels that in today’s economy, organisations are facing heightened bottom line demands. They have to maintain or grow the business with less budget resources.

“For most CFOs, finance managers and business leaders, it is not a simple matter of just a red pen budget slash,� said Peter. In his presentation, Peter will discuss the best practices in managing large travel and entertainment budgets, as well as costs savings through benchmark efficiency.

“In most organisations, travel and entertainment expenditures remain a significant component of the expense base. Smarter CFOs and finance managers are adopting travel management tools to reduce costs, eliminate waste, increase risk management activities and improve employee compliance.�

A highlight of this conference is Dr. Ulysses Chioatto’s full day session on Enterprise Risk Management. The founder and director of SSAMM Management Consulting, Ulysses has more than 25 years of experience in Enterprise Risk Management, and his clients include MNCs such as Microsoft and Adobe.

With many global brands affected by the current crisis, Ulysses believes that preparation for the “medium term recovery� is essential, and that “risk management practices by CFO, COO and senior management teams have made a difference for many organisations�.

In his session, Ulysses will be teaching delegates how to identify, assess and measure risks. By the end of the session, delegates will be equipped on how to streamline their operating models to achieve realistic results that can meet their business needs.

This dynamic and interactive conference will teach finance professionals the strategies and tactics to enhance shareholders’ value and transform their organisations into a lean and high performance business through high profile case studies.

Title: “Strategic Cost Reduction and Risk Management for the Finance Function� Conference

Dates: 14 – 15 May 2009

Venue: Holiday Inn Atrium, Singapore

For more information, please visit, or contact Ms. Rena Lin at +65 6372 2202 or email

About Pacific Conferences

Pacific Conferences specialises in organising business conferences aimed at providing interactive, insightful information and analysis about issues facing businesses in Asia-Pacific. Our conferences are developed through thorough research and a deep understanding of the critical concerns facing industry professionals. They are addressed by experts and leaders who have deep knowledge and practical experiences in their respective areas.

For further information, please contact:

Name: Ivy Huang (Ms)

Position: Conference Marketing Executive

Tel: +65 6372 2297