Category: Costing
Why you can’t afford to NOT know your costs
Regardless of the type of industry they work in, information technology (IT) managers all share one main concern: in a rapidly transforming environment that includes such challenges as...
10 essential elements to choose your software
When you need to improve or optimize your management solutions – specifically, your budgeting, costing, or financial dashboard processes – there are several factors to keep in mind....
To what extent are you attached to your costing method?
During a recent costing consultation for a company, I came to a number of realizations. Among them, the astounding number of Excel files involved, the need to review...
Does your dashboard provide an accurate picture of the situation?
How many times have you been told that your costs are accurate and precise? Several years ago, I was asked to give conferences on BI. Because of my...
Costing systems: from outdated to functional and reliable
Is your costing system outdated? Does it adhere to best practices? What signs are there to indicate that your costing system is generating results that are approximate at...
Managing the budgeting process in accordance with industry best practices
If you are frustrated with your organization’s budgeting process then rest assured, you are not alone! For the past 20 years, studies and surveys have systematically revealed a...
Cost, profitability analysis and budgeting process. What do they have in common?
Whether your organization is in the service, manufacturing or distribution sector, making a profit is never quite as easy as you might have hoped. Many companies ask themselves...