Enhance profitability with the right cost-recovery system

Description

Abstract: In today’s tough economy, finding ways to improve profitability is vital. Revenue-generating strategies such as expanding your client base, ramping up marketing efforts and cross selling your services can help boost your firm’s bottom line, but another important strategy is controlling costs. This article explains how a cost-recovery system can help you to pinpoint your spending, devise a plan to make necessary cuts — and even bill more back to clients. (Updated 12/14/12)