No matter what your role or function in your organization, it boils down to this: are you a cost center or a profit center? That is, do you cost the company money or do you make the company money? And ...

A cost center is more than a drain on profits; it's an essential element in the path to a company's profitability. Although human resources, customer service and other cost centers don't generate ...

Knowing where your company spends money gives you better control over its future. Cost center accounting identifies how areas of the company that don't generate profit but are needed to support those ...

Human resources, accounting, IT and customer service are often referred to in the enterprise as cost centers because, as the term implies, they traditionally generate expenses, not revenue. And while ...

The purpose of this Cost and Service Centers Policy is to provide guidelines on the establishment and operation of Cost Centers in order to adhere to federal and state costing standards, as well as ...

Once viewed as cost centers focused solely on efficiency, contact centers are now emerging as pivotal value centers that enhance brand loyalty and lifetime customer value. Is AI helping? You bet.

Ask most executives how much money they make from their partner network, and you’ll get a confident answer. Ask how much money they lose from it, and the room usually goes quiet. That silence is ...

This is a guest post from TechRepublic's Patrick Gray. For more posts like this see TechRepublic's IT Leadership blog. There are several recurring debates in the IT management community. Most of us ...

But a reality check is needed here because a company’s IT department should be one of its major profit drivers. A 2016 Deloitte Growth Enterprise Services poll of 500 mid-market executives found that ...

Responsibility Center Management (RCM) is a budgeting model under which revenue-generating units are wholly responsible for managing their own revenues and expenditures. For more information about RCM ...