Nicolas Boucher Profile picture
Apr 13, 2023 14 tweets 4 min read Read on X
How to understand and reduce overhead costs?

A mini-course

🧵 Image
Finance does not do enough to challenge the Overhead expenses.

Why? Because we think that we can't do much about it... I also thought that there was no possibility to improve overhead costs. Image
How to change group fees?

How to reduce personal costs?

This seemed impossible. But one day, I was assigned to reduce structural costs. I had no other solution than... finding solutions.
Together with my other colleagues from management, we launched a project to improve the competitiveness of the company.

And we succeeded to reduce costs despite inflation costs!
Why did it work?

I realized that reducing costs was like any project and with a good methodology, you could achieve your goal.

But many finance professionals are still struggling with the topic.
Overhead and the impact on the operating profit Image
How can you analyze Overhead expenses 1/2? Image
How can you analyze Overhead expenses 2/2? Image
How can you reduce personal Overhead costs 1/2? Image
How can you reduce personal Overhead costs 2/2? Image
How can you find levers to reduce group recharges? Image
How can you reduce external services 1/2? Image
How can you reduce external services 2/2? Image
If you like this mini-course, retweet and follow me.

#finance #costreduction #cfo #competitiveness Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Nicolas Boucher

Nicolas Boucher Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @BoucherNicolas

Jan 17
The 48 Laws of Power Applied to Finance

Here is my The 48 Laws of Power Applied to Finance,

Inspired by Robert Greene's timeless principles. Image
💡 1. Never Outshine the Master

💡 2. Never Put Too Much Trust in Friends, Learn How to Use Enemies

💡 3. Conceal Your Intentions

💡 4. Always Say Less Than Necessary

💡 5. Guard Your Reputation With Your Life

💡 6. Court Attention at All Costs

💡 7. Get Others to Do the Work, But Always Take the Credit

💡 8. Make Others Come to You

💡 9. Win Through Actions, Not Arguments

💡 10. Avoid the Unhappy and Unlucky
💡 11. Keep People Dependent on You

💡 12. Use Selective Honesty and Generosity to Disarm Your Victim

💡 13. When Asking for Help, Appeal to Self-Interest

💡 14. Pose as a Friend, Work as a Spy

💡 15. Crush Your Enemy Totally

💡 16. Use Absence to Increase Respect

💡 17. Cultivate an Air of Unpredictability

💡 18. Isolation is Dangerous

💡 19. Know Who You’re Dealing With

💡 20. Do Not Commit to Anyone
Read 7 tweets
Dec 27, 2024
Free Excel Template

Complete Financial Statements + Key Ratios
👉 Save time and money with this free template

Like, comment "Excel Free Template," and DM me to get the link to download the free template.

Note: You must follow me so I can reach out to you.
Here is what is included:

1) Profit and Loss Statement
2) Balance Sheet Statement
3) Cash Flow Indirect
4) Cash Flow Direct
5) Ratio Analysis

Like, comment and follow to receive the template.
Due to huge amount of your requests, here is the link to download your free template: nicolasboucher.kit.com/financial-stat…
Read 4 tweets
Dec 23, 2024
How can you use AI for Finance?

Here are the 5 stages you need to go through: Image
1. Beginner

You know AI exist but you don’t know where to start and you are afraid to start because of confidentiality issues.

👉 My advice to go to the next level:
Start using ChatGPT or Bard (it doesn’t matter which one) and do this:
Today, take notes of all the mini-tasks you do at work.

Tomorrow, try to perform each of the tasks with ChatGPT by just asking:
“My job is X and I want to do Y, can you draft it for me?”

It might only work 20% of the time… but that’s already many use cases in one day!
Read 15 tweets
Oct 31, 2024
How can you use AI for Finance?

Here are the five stages you need to go through: Image
1. Beginner

You know AI exist but you don’t know where to start and you are afraid to start because of confidentiality issues.

👉 My advice to go to the next level:
Start using ChatGPT or Bard (it doesn’t matter which one) and do this:
Today take notes of all the mini tasks you do at work.
Tomorrow, try to perform each of the tasks with ChatGPT by just asking:
“My job is X and I want to do Y, can you draft it for me?”

It might only work 20% of the time… but that’s already many use cases in one day!
Read 15 tweets
Oct 20, 2024
Do you want to become proficient in Excel?

I have curated a free Excel course for you which will save you 1000s of dollars! Image
1. Presentation of Excel and PowerQuery lnkd.in/eyx2Hg3a

2. Excel Ultimate Guide lnkd.in/eT8wWia7

3. Excel Vlookup lnkd.in/eHjZrf_y

4. Excel Lookups lnkd.in/eCNRGYAg

5. Excel Shortcuts lnkd.in/esMKGVqf
6. Excel Tips lnkd.in/eh-QtbbR

7. Excel Financial Statements Template lnkd.in/ebHpsbNZ

8. Excel Waterfall Template lnkd.in/eP6sKmV8
Read 5 tweets
Oct 16, 2024
How to Analyse Financial Statements?

Learn today the Vertical Analysis method

A financial analysis method that looks at each line item as a percentage of a base figure within the statement.

Open the thread to start learning the vertical analysis method. Vertical Analysis Method
Use ratios to compare financial statements of different sizes - like stating each line as a percentage of sales for P&L or as a percentage of total assets for the balance sheet. Image
Another ratio: Image
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(