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Excess Cost Reduction

Problem

Companies monitor large costs but excessive costs are not necessarily large. As such, many costs go unnoticed that are excessive and go uncontrolled. Collectively these costs become a significant amount.

Cost

Undetected excessive costs routinely amount to millions to tens of millions of dollars annually for mid to large companies. For example, a major hospital that monitors for excess costs each month did not find an excess cost in one month that was over $400,000.

Our Solutions

Statistical analysis of 100% of the GL identifies material anomalies in a matter of minutes. Operations can then be notified to take corrective measures that will mitigate future excess costs or finance alerted to correct mistakes entered into the GL.

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