VSoft Cost Improvement is a specialized tool to comprehensive management of operating initiatives that are aimed at reducing expenses related to company functioning. The proposed ideas (initiatives) are described with the following indicators: potential savings, reduction of current expenditures, required investments and costs of implementation of the given operating initiatives. These savings-investments-costs elements determine the real value of an initiative.
VSoft Cost Improvement allows each authorized user of the system to report a savings initiative. Regardless the mode of operation (external auditor or internal competition of corporate initiatives) the system enables registration of ideas, verification of applications, selection of the most effective initiatives, designing indicators and tasks to be completed, registration of real savings, costs and investments, and the assessment of progress and effects of the planned implementations. The individual structure of the company is also visualized in the system and it is aimed at systematizing processes and defining competence, authority and responsibility for preparation and implementation of the proposed projects.
Detailed planning of indicators and tasks executed during the implementation enables monitoring and evaluation of both, the process of implementation and the final effects. The set of reports enables quick familiarization with the existing situation and defining further steps of projects.
From the point of view of managers or persons responsible for the optimization program, VSoft Cost Improvement enables conscious supervision over all knowingly taken activities. It also allows to identify potential problems, “bottlenecks”, to obtain the savings and to adjust and modify the registered actions.
The main objectives of VSoft Cost Improvement implementation are the following:
- Obtaining the real and current data related to savings
- Completing the process of strategic planning
- Supporting the implementation of optimization and restructuring of costs
- Supporting the decision-making process
- Supervising and monitoring the taken actions and the given results
- Managing work schedules and implementation of the planned projects
- Aggregating information and financial data
- Planning, designing, registering, verifying the indicators of actions’ efficiency
- Assigning tasks, responsibility structure
Effects:
- Successful use of a comprehensive program to reduce operating costs
- Obtaining the assumed level of savings
- Gaining a costs advantage over competitors, and the market and financial benefits resulting from it
- Reinvestment of the obtained funds in development areas
- Reports and immediately visible effects of taken actions
VSoft Cost Improvement enables comprehensive management of changes aimed at cost reduction and it is an essential tool where optimization is built in the company’s strategy.
