Financial Advisory And Consulting

Cost Management and cost analysis

Cost Management is one of the most critical areas for any organization. Cost Management involves cost cutting which ultimately results in improvement of the bottom line of the organization.

Cost Management involves achieving goal of systematic reduction of cost through the process of cost analysis.

Systematic cost management & control will ensure competitiveness in the long run. Our approach is systematic, and structured wherein we understand all your business costs and design a dynamic structure to control, reduce and analyse, reduce and eliminate costs.

We perform following processes for our clients:

  • Analysis and Study of business processes and the objectives
  • Establishing ‘standard costs’ for each category or process
  • Establishing realistic ‘budgeted costs’, based on actual past experience
  • Evaluation of opportunity for cost savings, eliminating of unnecessary & excessive costs to improve efficiency.
  • Comparison of actual costs with budgets, and analysing variance.