[INFOGRAPHIC] Anchors and Ladders of Cost Management
For modern businesses, the ability to accurately calculate and analyze their costs is essential to drive profits. According to Gartner, almost 90% of businesses suffer from poor cost visibility, and the same amount struggle to truly understand their costs and what drives them. These challenges stem from the cost management practices finance leaders implement in their organization, and the tools they rely on for business insights.
This infographic – Anchors & Ladders of Cost Management – highlights the common “cost anchors” – or negative behaviors that restrict long-term growth potential – and the positive “cost ladders” that build a sustainable foundation for profitable growth. Learn how ImpactECS enables finance leaders to raise their cost anchors and climb the ladders with timely access to meaningful cost data that is key to grow profits and fund innovation for the future. Download it today!