All organizations face cost challenges: some are predictable and some unanticipated. Ironically, success can exacerbate these problems and growing organizations face a range of potential issues. For example, expanded offerings and successful product lines can create unforeseen expenses. Sales, promotional and distribution costs may have to be adjusted to accommodate an increasingly diverse customer base. And many companies’ cost models don’t provide enough insight into which enterprise activities actually drive costs: they’re simply not sophisticated enough to account for those variables.
The responsibility for meeting these challenges typically falls on the finance department and the CFO. But if you don’t have the right cost structure for managing unforeseen costs, for aligning cost management with strategic priorities, or for cutting costs without endangering compliance and diminishing performance, it can be an uphill battle.
Our approach to cost management identifies hidden business costs and provides an organizational structure to effectively manage and where possible reduce costs – all without diminishing value.
Cut costs, protect value and drive strategy
This methodology can be applied to virtually every aspect of your organization, including your business configuration, processes, organizational models, approach to governance and tax structure. Beyond that, we can help you streamline your technology, human resources and sourcing processes to free up resources you can re-apply to strategic priorities.
Strategic cost management yields benefits others may overlook
Deloitte’s strategic cost management solutions can help your organization:
Cost management pressures mount, but solutions are at hand
CFOs are under enormous pressure to provide organizations with balanced, strategic financial guidance and cost controls, all the while fulfilling performance, compliance and investor mandates. Deloitte can help you build a cost model that identifies your true cost drivers and helps you manage them with strategic insight, sustainable results and organization-wide transparency.
Because strong alliances are key to the success of any professional services firm, we carefully select our alliance partners, teaming up with some of the world’s leading technology and service companies to meet your needs and deliver innovative solutions to your most complex challenges.
Our human capital consultants serve a wide variety of clients from Fortune 500 companies to the Canadian mid-size market, with experience covering all industries and sectors. They are part of a team with an unmatched range of business experience, from finance and accounting to strategy, operations and tax.
The technology playing field continues to evolve rapidly, and Deloitte’s technology consultants — business advisors with deep technology skills, help our clients plan, design, architect, build, test, deploy and operate their business solutions.