Cost Model Maturity Scan
How mature is your cost management process?
Discover the maturity of your costing endeavors
Whether you are a multinational company with 10,000+ employees or lead a medium sized company: understanding your cost management maturity is essential for optimizing profitability, compliance, and efficiency. Our Cost Maturity Scan helps you assess your current practices and provides suggestions to improve your cost allocation processes.
With just 32 questions in this survey, we determine the maturity of your current cost modeling endeavors. We look at your maturity from three different angles:
- Your cost modeling methods,
- The repeatability of your efforts,
- The usage within the organization.
3 angles of cost model maturity
Methodology
Repeatability
Usage
What is the Cost Maturity Scan?
Managing costs effectively requires a clear understanding of your current practices. The Cost Maturity Scan is a quick, insightful assessment designed to measure your cost management effectiveness across key areas. From cost allocation models to compliance and automation, we help you uncover gaps and opportunities to optimize your processes.
What You’ll Achieve:
Assess your current cost management practices.
Identify gaps in efficiency, compliance, and transparency.
Receive clear insights to guide your improvement efforts.
Why assess your cost maturity?
Clarity & Transparency
Gain clear visibility into your cost allocation processes and identify inefficiencies. Understand how costs are distributed across your operations and pinpoint areas for optimization.
Data-Driven Insights
Receive clear, actionable recommendations to enhance profitability, reduce costs, and improve overall efficiency. Make more informed and strategic decisions based on data.
Compliance Assurance
Improve your readiness for audits, regulatory requirements, and financial reporting standards. Ensure adherence to GAAP, IFRS, and industry-specific compliance requirements.
How it works
The Cost Maturity Scan provides a clear, comprehensive path to improving your cost management strategy. Here’s how it works:
Answer a series of questions about your cost management practices.
Effective cost management begins with gaining a clear understanding of your costs. By analyzing how your business outputs are delivered—through the activities performed and the capacity of your resources—you can uncover the true cause-and-effect cost relationships within your company. Our tailored questions provide a comprehensive overview of your current practices, pinpointing areas for improvement and guiding you toward better financial efficiency.
Instantly receive your Cost Maturity Score along with insights.
Receive your Cost Maturity Score with insights into your cost allocation methodology, repeatability, and usage. Your results reveal areas for improvement, along with recommendations to boost efficiency and profitability. Use these insights to enhance your cost management practices.
Use these insights to improve your cost management strategy
The next step is to use the insights to explore the best options to improve your company’s cost management processes. Share the results with your team and start implementing the recommendations to enhance efficiency, compliance, and profitability.
