Costing Advisory Services

"My business is generating good revenue, but the profit is not so high! What could be the reason?"

This is a question which confronts businesses across the globe.

And the same underscores the importance of managing your costs in an efficient manner.

This entails a thorough understanding of what your business does (operations), what it wants to achieve (profit) and how to go about it (strategy).

Managing your costs assumes a vital role in the process of building a profitable as well as a sustainable enterprise.

Why Costrafin?

Our team is guided by the philosophy that cost management is not merely about cutting down costs - it is also about harnessing the value of the right costs to boost profitability, strengthen cost-based competitive edge and enable long-term growth.

And how do we do it?

By focusing on the finance-operations interface and using technology to help you unlock strategic enterprise value.

What sets us apart:

• Study of operations, business processes and information systems to identify process bottlenecks, control lapses and gaps by means of a voluntary cost audit.
• Setting up of a cost information system which provides real-time cost and profitability insights from factory (manufacturing set-up) or floor (service set-up) level. A Shop-to-Board information flow for quicker and robust decision support.
• Selection, design and implementation of costing systems customized to the specific client needs.
• Preparation of Cost Estimates.
• Maintenance of Cost Accounting Books and Records.
• Valuation of Inventories.
• Profitability Analysis and Cost Controlling - Divisional, Product-wise and Business Unit-wise.