Cost Saving
Finance
Cost Saving
Verified reduction in actual future expenditure compared with a defined baseline.
Examples
- 01Switching to LED lighting produces a cost saving of EUR 24,000 a year in electricity, measured against last year's bills.
- 02The monthly report shows each cost saving against its baseline, with finance confirming the figures.
- 03A cost saving is only counted once the lower spending appears in the actual accounts.