For a plan or a budget to be successful, it is first necessary to assess all development factors so that the executive management can subsequently determine which to include and which to omit. KPMG helps clients deliver a fit-for-purpose financial planning and performance management framework in order to help the business to make better decisions.
KPMG can help to align budgeting, forecasting and management reporting with strategic business goals by:
Cost Accounting & Management
The past few years have seen most companies adjust their business to ‘react’ to difficult economic conditions. In today’s business environment, organizations need insight into the cost and related profitability of their products, customers, and their different activities. Managers need accurate information into cost drivers to assess cost implications to be able to quickly take corrective actions in light of changing market circumstances. Furthermore, potential cost optimization exercises need a solid, objective basis for benchmarking to start from.
The costing analysis results in a comprehensive database that can serve as a foundation for:
By combining practical experience with a solid academic background KPMG’s professionals can help to develop a cost management framework, methodology, models and improve cost management: