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Understanding Sustainable Cost Reduction In a McKinsey Quarterly survey , it was found that 79 percent of companies implemented cost-cutting measures in response to the global economic crisis of 2008-09. This was evident during the 2008-2009 financial crisis, as shown in McKinsey’s survey above.
So let's take those routine tasks and move them into a computer automated process or robotics process and free up our teams and make the company more efficient. So we automated the entire AP cycle, so we're constantly pushing the envelope on how we can help the business. They literally just read what's on our website.
But the team behind the 2008 Marvel movie that introduced J.A.R.V.I.S Iron Mans smart and capable AI assistant were definitely picking up on a signal about the increasing rate of computational power and the evolution of artificial intelligence. Accessing incredible computing capability from a handheld device is available today.
David Leary: [00:13:21] I was listening to a podcast with somebody who worked in the 2008 banking crisis, and he was in charge of rolling out the stimulus money for that. They owe this money, and they need to pay these invoices. When you actually need to get something to every American, you can't. There's not an easy way to do it.
bust, the 2008 crisis. It sounds like kind of a little bit of a bank feed, but they're gonna tie it back to whether or not invoices are paid or outstanding. If you invoice out of Clear Books, and then you get paid through Revolut, it's going to tie that back together. This could actually bode well for QuickBooks, and Xero.
Either way, you get to take advantage of all the advanced features of BQE Core, like adjustment invoicing, budgets, labor cost, forecasting, contract analysis, and approval processes. I did not touch a computer, or laptop, and it was really, really hard not to, on the phone, touch Slack. How was that, David?
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