Collaboration Drives More Effective Cost Allocation

Published On:
April 24, 2024
Authored By:
Perry Wiggins
Public Content:
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When leaders hear the phrase ‘process improvement,’ it makes sense that technologies like automation or generative AI might come to mind. However, management accounting provides a good example of why an organization’s people are often the key ingredient for significant process improvements. After unpacking cross-industry data on the cost of planning and management accounting, we explore collaboration as a key driver of lower costs for these activities.