Fifteen percent of plan sponsors surveyed have implemented automatic enrollment in their plans—a small (approximately 2%) increase over the past two years. Ten percent of respondents are considering adding this feature, while 1% has discontinued it. Key reasons for discontinuing the (more…)
CAPS has a clear agenda. Namely, it believes that companies will lower their spending on services if they involve their procurement specialists in services-spend decisions. Dianna Wentz, a CPM writing (more…)
Automated financial reporting and analysis tools have come a long way, and can yield significant benefits. “We use enhanced data mining tools, which enable us to obtain data which was previously unavailable,” reports a vice president of (more…)
In general, existing practices suggest that there is an effective and less disruptive approach to reducing the services spend. Basically, (more…)
Importantly, the E&Y/IMA Survey also revealed significant appreciation for the cost information that controllers monitor and deliver through their reporting systems. The survey (more…)
I started my online business around two years with my friend of work place. First time just used internet for playing and playing without any destination to use it for business. Then one day we shared our experience and (more…)
More controllers are working with senior managers to develop a new framework for examining and continuously reducing costs. Under this approach, top managers have decided that cost discipline will be a program, not just an implicit element of (more…)
There are four basic and widely recognized categories of cost reduction:
· Eliminate waste and duplication
· Implement best (more…)
Controlling compensation costs ranks fifth on controllers’ list of where they are focusing their efforts. In this area, it is often best to take a cue from compensation managers who face this issue every day. Nearly half of these experienced professionals indicated that reducing merit pay (more…)
When we apply credit card, usually there are some steps until we got the card (if our personal and financial data are approved by bank). The first step, we fill all information required on the available form and send it back to the bank or via (more…)
