Why Cost Optimization is More Than Just Cutting Costs ?
It’s really about finding ways to reduce spending in a smart and practical way that doesn’t hurt the business.
In today’s tough and budget-limited world, it’s not just helpful to run a lean and efficient business—it’s something you need to do in order to stay in business. But true cost optimization isn’t only about cutting down on spends. It’s about making things work better, getting rid of anything that’s slowing down the business, and putting resources where they will do the most good.
At MergerDomo, we work together with small businesses from India to help them come up with smart cost strategies that help the business grow without it costing too much.
Key Benefits of Our Cost Optimization & Efficiency Plans
Deep-Dive Cost Analysis
We look at every part of your costs to see if there are any areas where money is being wasted so we can spot ways to help you save.
Opex vs Capex Rationalization
Optimize both day-to-day and long-term costs by figuring out what is most important to the business and what will make the most financial gain.
Vendor Spend Optimization
Renegotiate, combine, or look for new deals if the current vendor isn't doing a good job.
Process Efficiency Improvements
Streamline your work process so you use up fewer resources and get the job done quicker.
Productivity Enhancement
Align people, equipment, and ways of doing things so you can get more work done with fewer resources.
Fixed vs Variable Cost Management
Make your cost base more flexible and able to better cope when markets change.
Technology & Automation Audit
Identify parts of the process where using technology or automation can help things run more smoothly and lower costs.
Zero-Based Budgeting (ZBB)
Build budgets starting from the beginning to get rid of unnecessary expenses that come with older ways of doing things.
Sustainable Savings, Not One-Time Cuts
We look at ways to keep saving money regularly so our business can do better and make more profit in the long run.
Our Cost Optimization Approach
Cost Baseline Review
We start by understanding what you have been spending on in departments, with suppliers, and during different work processes.
Benchmarking & Opportunity Sizing
To find out if you are spending too much or ineffectively, we look at how your costs align with others in the industry.
Efficiency Roadmap
We create a plan that is unique and structured for best cost reduction and realignment.
Team Workshops (Optional)
Team up with your in-house teams to make sure everyone is on board and the task can be completed efficiently.
Execution Support
We help your team during change implementation by supporting negotiation, setting up automation, or making restructuring decisions.
Impact Tracking
Regularly, we measure the savings and improvements in efficiency as they happen.
Why Choose MergerDomo?
We make sure to help both SMEs cut costs and achieve growth.
Cross-functional specialists in Finance + Operations ensure every part of the plan works well.
No two businesses are exactly the same, so their solutions should never be the same either. So is every cost plan.
We are involved in all aspects, from how things are planned to their actual execution.
We work as an unbiased and private advising force for your organization.
Take the First Steps Toward Cost Efficiency
Step 1
Request a free cost assessment
Step 2
Share the main financial information and business problems.
Step 3