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OUR SERVICES

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Cost Management 

Cost management is the process of estimating, allocating, and controlling the costs in a project. It allows a business to predict coming expenses in order to reduce the chances of it going over budget.

Build Material Cost Control Systems

  • Document flow system

  • User manuals

  • Recruiting cost control team (if needed)

  • Training of new or existing cost control team

  • Monitor and follow up team performance until reaching target  performance KPIs 

Building Standard Cost Calculations Systems

  • Building, developing and fine tuning the standard cost formulas for all products in real-time operation.

  • Identifying the best allocation criteria and formulas for indirect expenses and expenditure

Building Actual Total Cost Management Systems

  • Calculate real-time actual cost by product/ service

  • Variance analysis between standard and actual costs

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Cost Management 
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Reporting System

Reporting systems are defined as processes, procedures, and facilities that are used to generate and gather reports using one or more information management systems.

Daily and Weekly Reports

  • Custom designed for support of operations

  • Timely identifying, Highlighting and analyzing variances

  • Pre-empt and prevent possible cost deviations

  • Enable prompt corrective actions

  • Ensure adherence to the path for achieving target profit

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Monthly, Quarterly and Annual Reports

  • Top Management Reports

    • Actual versus budget reports

    • Same period comparisons

    • Variance analysis by product/ service

  • Shareholders Reports 

    • Top line, macro and less detailed reports 

    • Focused on aggregate performance indicators 

    • Supports strategic decision making

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Special Reports

  • On demand reports

  • Customized to special requirements peculiar to the company operation, arising problem or any special case.

  • Showing effects and analysis of any situation or decision on the overall profitability

  • Proposing options and alternatives to assist in informed decision making

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ERP Implementation Support

ERP System Available

ERP System has all required cost modules:

  • Review Master Data

  • Manage proper data entry onto the existing module

  • Follow-up on the output of the system

  • Manage a temporary parallel manual system as a verification tool

  • Compare output of manual and ERP system to ensure data accuracy

ERP system does not have all required cost modules:

  • Review all possible capabilities and output of the system

  • Utilize the available output of the system as input for the supplementary cost module

  • Follow-up on the output of the supplemented system

  • Manage a temporary parallel manual system as a verification tool

  • Compare output of manual and ERP system to ensure data accuracy

Implementing New ERP System

  • Support in writing and issuing the RFP for ERP Implementation

  • Recommend ERP system companies to be contacted

  • Support in evaluating the best offers

Projects management of ERP implementation

  • Liaise between ALL the company departments and the contracted ERP implementation company

No ERP System & No Budget

  • Build a custom cost management module (excel or access based)

  • Module will incorporate the following:

  • Data security and protection measures

  • User manuals 

  • Training on the module

  • Implementations and followup

  • Updates and upgrades on demand

Reporting System
ERP Implementation Support
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Budgeting And Business Planning

  • Calculate budget cost and net profit per product/ service monthly and annually

  • Prepare the daily, weekly and monthly operational plan for each department to achieve target profit

  • Calculate the daily, weekly and monthly projected consumption of raw material to achieve target production volumes according to technical standards

  • Present a detailed vision of the expected changes in cost elements on a monthly and annual basis and its effect on net profit

  • Develop the monthly and annual performance reports per product/ service that highlight the contribution of it in aggregate profitability

Budgeting And Business Planning
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Support in:

  • Cash flow budget and plan.

  • Detailed logistics system.

  • Select best target sales mix that maximizes profitability.

  • Strategic management of changes in product technical specifications showing the effect on total cost and profitability without affecting quality standard.

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