Zero-Based Budgeting (ZBB)

Zero-based budgeting is a method that analyzes every cost category from scratch, eliminating inefficiencies and ensuring more effective use of resources. BeNova Consulting’s Zero-Based Budgeting model helps you control costs while improving efficiency. This approach eliminates unnecessary expenses, strengthens your financial performance, and ensures more efficient use of resources for sustainable growth.

Unlike traditional budgeting methods, zero-based budgeting starts from zero for each expense item, requiring all expenditures to be reviewed and approved. BeNova Consulting supports you through the zero-based budgeting process in the following ways:

• Review of the Existing Budget: We analyze all expense categories, assessing whether expenditures align with the company’s strategic objectives.
• Planning of Expenditures from Scratch: All expenses start from zero, and only necessary, value-added expenditures are approved. This ensures more efficient use of resources.
• Digitization of the Budgeting Process: We manage the zero-based budgeting process via digital platforms, optimizing data-driven and quick decision-making processes.
• Minimization of Unnecessary Expenditures: We eliminate unnecessary expenditures that linger from previous budgets, creating a cost-effective budgeting framework.

This method is ideal for companies experiencing rapid growth or undergoing restructuring, as it ensures controlled cost management.

• Project Initiation: An initial meeting is held with the management team to define the scope, objectives, and timeline of the project. A Project Management Office (PMO) is established to create a coordinated structure between BeNova consultants and your team.
• Data Collection and Analysis: Financial data and operational expenditure items from the last 12-24 months are thoroughly examined. The current controllable fixed operational expenses are calculated, with a 5% improvement target set.
• Identification of Savings Opportunities and Solution Development: Expense categories are analyzed to identify inefficiencies and determine areas with cost reduction potential. Cost-reduction project proposals are gathered from employees and reviewed with the PMO to develop solution proposals.
• Implementation Plan and Pilot Applications: Action plans are created for approved solution proposals, and pilot applications are launched. Roles and responsibilities are clarified throughout the process.