Over the last few years, high inflation rates and tighter competition have driven up costs and put pressure on margins, forcing financial companies to tighten budgets and adopt innovative solutions to maintain profitability. The upside is that firms laser-focused on cost optimization have often found they can increase top-line revenue growth and shareholder value, while positioning themselves to gain market share. 

However, as markets evolve, can COOs rely on traditional cost-cutting levers alone or do they need to deploy a broader toolkit that empowers the whole organization to support cost optimization?

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