How You Can

By Baselinemag  |  Posted 2004-05-28 Email Print this article Print
 
 
 
 
 
 
 

MCI rolled out new cost-analysis software as part of its recovery from massive accounting fraud and the biggest bankruptcy in U.S. history.

Track Costs By Activity"> HOW YOU CAN TRACK COSTS BY ACTIVITY

GATHER INFORMATION
Know precisely which financial metrics you need from different parts of the business.

AUTOMATE DATA COLLECTION
Connect cost-analysis software to data sources to speed up monthly or quarterly financial reports.

HOLD PEOPLE ACCOUNTABLE
Turn managers into "internal auditors" by making them responsible for the profit and loss in their business groups.

EDUCATE SERVICE MANAGERS
Give leaders of "shared services," such as human resources or information technology, a clear understanding of how their costs get assigned.


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