Cost Control Advisory

Cost Control is the practice of identifying and reducing business expenses to increase profits. It is vital for any business to maintain and grow its profitability.

We at RHMC Management Consultants, are equipped to enhance accuracy and transparency of your business spends through

• Risk mitigation
• Cost avoidance
• Cost savings
• Cost efficiency maximization
• Optimization of staff cost by improving the process and reducing the manhours requirements
• Maintaining internal control within accounts and finance department.

We collectively help you improve your business decision making capability with specific emphasis on reducing Total Cost of Ownership (TCO) at both project and portfolio level. The cost control advisory service begins with budgeting process.

Our step-by-step services include:

• Budget PlanningWe help you set up an approximate cost budget with a deep understanding of your business needs.
• Identify Cost CentersOnce the budget is fixed, we help you identify cost centers and monitor all expenses using checkpoints.
• Set-up control systemsWe help you set up control systems in accordance with the set budget in each cost center. In case of any spike in expenses, we flag them.
• Internal Cost Control strategiesWe keep updated with the best industry practices when it comes to internal cost control. We suggest best suited practices to ensure intelligent cost control within the organization by involving internal stakeholders, using “Go Green” strategies, time management strategies to name a few.
• Monitoring and tracking budget controlWe set-up time bound tracking systems basis your business needs to ensure your business stays within the limit of your targeted budget.

We thereby take care of your business by helping you to develop, maintain and organize a projects budget from start to finish. We also ensure that employees closely follow the budget.