The biggest KRA for a finance professional is to reduce expenditure, thereby helping the company grow and improving profitability in a big way.

Expenditure occurs in several areas, such as salaries, travel, hotel stays, operational costs, mobiles, food, and several others. This too is spread across various departments. It's important to understand how the expenditure has happened in the past and identify the areas where savings can be made.

The consultant can help to highlight the parameters easily for the finance professionals. Value addition can happen by collating external data with internal data. An example can be understanding market trends for airfares and comparing it with how the company is spending.

A consultant can also help the companies bargain better with hotels, airlines, and other vendors. Once the companies start seeing trends and can commit certain business volume, it will help them get better prices. Non-budgeted expenditures often cause financial plans to go haywire and all this can easily be managed via analytics.