---
title: Zero-Based Budgeting emphasizes growth, cost-cutting
description: Another look at Zero Based Budgeting. Why you should use it, when you should use it and what are the 5 key steps for successful implementation.
image: https://blog.ramesysglobal.com/hubfs/ZBB-jpg.jpeg
---

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- Jun 21, 2023
- 1 min read

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# Zero-Based Budgeting emphasizes growth, cost-cutting

What if there was a way to manage costs that emphasized funding growth as much as cost-cutting discipline? Let's take another look at zero-based budgeting (ZBB).

 

Akshat Dubey, *is a partner and U.S. EY zero-based budgeting leader at Ernst & Young LLP.*

 

*![](https://blog.ramesysglobal.com/hs-fs/hubfs/ZBB-jpg.jpeg?width=743&height=495&name=ZBB-jpg.jpeg)*

*'The real power of ZBB is not in achieving cost-cutting benchmarks; it lies in combining digital budgeting tools with greater cost accountability and a process that links budgeting discipline to future growth.'*

 

ABSTRACT

 

In this article by Akshat Dubey, we take another look at Zero Based Budgeting. Specifically, why you should use it, when you should use it and what are the 5 key steps for successful implementation.

 

The article highlights four scenarios in which ZBB can be used including restoring liquidity or reestablishing short-term profitability, assisting with restructuring when needing to cut costs quickly, cutting waste and managing increases in future spending and supporting the investment process as a tool to gather the information needed to make strategic spending decisions.

 

The article then outlines a 5-step approach to win with Zero Based Budgeting.

 

Read the full article here: [https://www.cfo.com/accounting-tax/budgeting/2022/02/zero-based-budgeting-cost/](https://www.cfo.com/accounting-tax/budgeting/2022/02/zero-based-budgeting-cost/)

 

Ramesys Global

Ramesys is an all-in-one budgeting, forecasting and reporting platform, purpose-built for the mining industry, that offers complete cost visibility across the entire organisation. 

 

Our goal is to make it easier for mining companies to achieve a transparent understanding of their cost performance, develop a cost-conscious culture and create a single source of truth that helps key stakeholders make better decisions, faster.

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