Kostentransparenz
Unser Ansatz zur Lösung von Problemen im Zusammenhang mit hohen und komplexen Betriebskosten
Kostentransparenz
Financial organisations are under increasing pressure to reduce costs and improve efficiency. Internally, rising expenses and operational complexity make it difficult to understand where money is going. Externally, evolving regulations and economic uncertainty demand stronger operational resilience. To respond effectively, firms need clear insight into their processes, cost drivers and interdependencies.
We have developed a powerful approach to solving problems associated with large and complex operating costs. Our solution helps to better understand the costs of activities and services that drive the total cost base. We empower business leaders with strategic insights to control and reduce costs for sustainable financial efficiency.
This solution helps answer key questions for business leaders to provide transparency on important costs to them. For example:
- How much are Cyber Security services costing and is that too much or not enough?
- What is the cost of your outsourced services?
- How many outsourced workers do you have working on each of your activities and systems?
- Who are your most expensive suppliers and vendors and what services are they providing?
Often, clients will not have this level of information, or it is too complicated to gather. This is the knowledge that helps decision makers to reduce and better control costs.
Treffen Sie datenbasierte Entscheidungen über Art und Weise der Umgestaltung Ihres Betriebs
Unser Ansatz
Achieving cost transparency, control and reduction can be broken down into three phases.
The first phase is discovery, where we work with the client to understand how they operate and assess cost management maturity. The second phase focuses on creating transparency through building a granular, data driven view of services and activities that the wider business can easily understand. The third phase is about controlling and reducing costs, utilising the transparency gained execute a cost management focused plan of action.
Discovery
We will spend about four to six weeks in the first stage, gathering information for a maturity assessment. We use this to playback information on their current cost management maturity state. This covers areas including governance, accountabilities, information, data quality and overall effectiveness. Once we have completed the maturity assessment, we present our findings to the client.
Transparenz
The second step focuses on client priorities, using information identified in the maturity assessment. It will include ensuring that there is clear transparency of the costs of activities and services at a detailed level and represented via a ‘Service Catalogue’. It will provide crucial insights for leaders and managers. This phase can take anything from three to six months depending on scale and appetite.
Control & reduction
The third, and final step, is to implement a longer-term cost management model to control costs with appropriate governance and tooling. The transparency provided will enable identification of key areas for the optimisation and reduction of costs. The timeline will depend on the scope and scale but as an outcome focused company, Projective Group works closely with clients on all three phases to deliver incremental and iterative change for continuous progress.
Warum Projective Group?
Projective Group has strong credentials and huge experience in delivering cost management solutions. Having worked with clients using our approach for many years, we can say with confidence that we know what we are doing.
To achieve cost transparency, you need a team of strong data and transformation professionals. The successful implementation of this solution relies on having a mix of these people and skills. We have these expert teams.
Clients are using more and more third-party solutions, and this increases both complexity and costs. At the same time, business models are under pressure from ever greater competition. This is why the demand for a better understanding of internal operating costs is increasing, which cannot be met from only an ‘accounting view’ of costs.
At the heart of what we deliver is a service catalogue, a catalogue of all the different activities and services that a client provides and how much they each cost. This is a structured hierarchy from high level to low level. The catalogue is not just for business leaders, it is also for the people who run operations and functions, so that everyone from the Head of Operations to HR to Finance can each see how much their department is costing. This leads to better and more constructive conversations and constructive confrontations which are both data and evidence based.
Ziel ist es, dass unsere Kunden eine bessere wirtschaftliche Entscheidungsfindung erreichen und umsetzen.
Bei Projective Group entwickeln wir keine Lösungen für unsere Kunden; wir entwickeln Lösungen gemeinsam mit ihnen.