COST STRUCTURE MANAGEMENT & ANALYSIS

MAXIMIZE YOUR PROFITS WHILE MINIMIZING YOUR COSTS

Our Cost Structure Management and Analysis service is designed to help high performing business owners maximize profit while minimizing cost. We do this by identifying feasible cost reduction methods that do not affect the quality of products sold or services provided to customers. In addition, we go to great lengths to analyze current expenses, understand key requirements and find solutions to meet your business goals.

As your business has grown, your time and efforts have rightfully shifted toward tasks that generate more profits. Let iFocusFinance be your partner in helping grow your business. The value we offer allows your staff to stay focused on your business’ top priorities and key initiatives. In return, we deliver optimal savings and improve efficiencies for your business.

VALUE WE ADD

To maximize cost savings, iFocusFinance analyzes virtually every aspect of your business, including, but not limited to:

• Understand your fixed and variable costs

  While some fixed or variable costs are vital to keeping the business running, iFocusFinance will review the financial statements to identify excessive expenses that do not provide any additional value to core business activities.

• Cost Allocation

  Cost allocation is an important process for a business because if costs are misallocated, then the business might make wrong decisions, such as overpricing/underpricing a product, or invest unnecessary resources in non-profitable products. The role of iFocusFinance is to make sure costs are correctly attributed to the designated cost objects and that the appropriate cost allocation bases are chosen.

• Pinpoint cost improvement opportunities to increase profit margins

  iFocusFinance identifies and analyzes your business operating expenses (i.e. marketing and advertising expenses, labor cost, etc.) and gathers information required to complete a comprehensive cost reduction analysis.

• Analyze cost trends to ensure stable cash flows with no sudden cost spikes

• Inventory management and analysis

• Custom report dashboard

• Streamline processes to promote efficiency