BizSugar.com › Finance › How Cost Competitive is Your Administration?

It’s an odd contradiction but it exists at many companies in the oil and gas services market place. The simple answer to this question is that for most companies, administration is just a cost of doing business. It’s not what they do to make money. This is true but, it ignores a certain reality that over time, those companies that ignore administrative efficiency lose ground and market share, and are less profitable than other companies that actively manage their administrative costs.