{"id":5729,"date":"2020-11-25T13:33:04","date_gmt":"2020-11-25T12:33:04","guid":{"rendered":"https:\/\/www.costperform.com\/?page_id=5729"},"modified":"2023-10-16T13:52:29","modified_gmt":"2023-10-16T11:52:29","slug":"cost-control-system","status":"publish","type":"page","link":"https:\/\/www.costperform.com\/cost-control-system\/","title":{"rendered":"Cost control system"},"content":{"rendered":"\t\t
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Use a cost control system to help you have the right conversations<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Traditionally, the financial administration was the main focus for the departments full of number crunchers. But with the increase of technology, financial administration has become less time-consuming, leaving room for an increased focus on business performance. Large white-collar affairs have however heavily increased the focus on control and a manual cost control system. But once again, technology stepped in which resulted in the rise of the cost control system. As a result: the finance function is once again in pole position to act as the partner of the business.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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A cost control system is about controllable cost<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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More than often, the finance function and business bicker over the height of the cost in relation to the budget. Some of those discussions are even held with the wrong departments. Who is accountable? We argue that any company or government agency should try to put the budget at the department that can control it. In other words: implement a working cost control system, tailored to your business\u00a0 Let\u2019s take the IT department as an example: the total costs for electronic devices should be the responsibility of the departments using them. They determine the volume and the specs needed, not the IT department. A tight cost control system helps you decipher these costs and who\u2019s responsible for them.<\/span><\/p>

The IT infrastructure, however, is not the responsibility of the business and budget for that should therefore remain at IT. This could lead to a situation where you have a bill of IT (also see our TBM page<\/a>) and an invoice stream between IT and other departments. CostPerform can help you automate these mechanisms and create an optimal cost control system.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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