The key activities in the cost management process are planning, estimation, budgeting, financing, management, and control. With its holistic and adaptive approach, Egzakta Advisory enables sustainable savings in the entire organisation and continuous improvement of the client's cost management culture.
The mission of cost management is not solely focused on reducing expenditures; it's about cultivating a strategy that transforms the spending landscape across all organizational sectors. The changes we enact must have a sustainable impact on the company. In collaboration with our clients, we develop clear, actionable strategies that achieve cost savings across virtually all internal functions, thereby facilitating the adoption of a new, optimized resource allocation model.
Through a series of carefully calibrated steps and processes, our approach to cost management maintains team budgets within reasonable limits and optimizes the company's overall expenditures. Our key activities include:
the process of determining future resource needs for an organisation or scope of work, including tools, money, time, equipment, and even team members
as a predictive process used to quantify and price the resources required for the scope of the investment, activity, or project, that is, how much it will cost to procure them
a sub-process within estimation used to allocate estimated resource costs to cost accounts against which cost performance will be measured and evaluated
monitoring of costs and performance concerning the plan or budget
Challenges of Generation Z
The current generation of young people exhibits a strong dependence on technology and a tendency to seek quicker and easier solutions for problems and knowledge acquisition...
What are the main mistakes in project management?
In the last few decades, the primary way in which organizations conduct their business is by organizing activities through projects, and on this path, they face numerous challenges...
Challenges of traditional crafts: from disappearance to preservation
It is crucial to change the perception of the value of traditional crafts and provide support for their survival to preserve cultural identity and foster the development of a sustainable economy...
The concept of consulting and consulting in Serbia
Can cultural factors shape the perception and usage of consulting services, and if so, how?
Economic advantages of e-invoices compared to traditional paper invoices
In addition to numerous advantages, such as cost savings, there are also challenges and the need for adequate infrastructure and digital literacy of users...
The concept of Open Banking in the modern financial sector
Open Banking enables secure access to users' financial data by third parties through standardized and secure API services...
Our consultants and experts have expertise in strategic transformation and cost management. We help clients achieve sustainable savings and improve profitability through comprehensive cost and investment optimisation.
Chief Financial Officer