5 Steps to Cutting Costs without a Chainsaw

Companies need data to help them make future decisions. For example, how many executives really know which projects were successful? Which clients were a drain on resources and which ones were profitable? How many employees worked on each project, and for how long?

If executives have this information in hand while planning future projects and budgets, they can make much more informed, cost-saving decisions. The good news is that getting this important data is not difficult. It just means taking a different approach. Here is a five-step process that can help you improve your company’s profitability, especially in a down economy where every penny counts.

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