What Does ICMS Stand For?

ICMS stands for Indirect Cost Management SYstem

ICMS, or Indirect Cost Management System, refers to a structured approach designed to effectively track, allocate, and manage indirect costs within an organization. This system enables organizations to accurately assess overhead expenses, ensuring compliance with financial regulations and improving budget forecasting. By providing real-time data and analytical tools, ICMS supports decision-making and enhances overall financial efficiency, leading to better resource allocation and cost control.