owing to cost savings

USAGE SUMMARY

The phrase "owing to cost savings" is correct and usable in written English.
It can be used to explain a reason or justification for a decision or action that is related to financial efficiency. Example: "The company decided to reduce its workforce owing to cost savings that needed to be implemented for the upcoming fiscal year."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

In conclusion, in a German setting and according to German practice guidelines and treatment costs, atosiban was shown to be the preferred treatment option owing to cost savings resulting from its superior safety profile.

BMC Pregnancy and Childbirth

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

savings at the low end of our expectations due to cost savings.

TechCrunch

The more intense treatment leads to a cost increase, the prevention of admissions to cost savings, so overall savings in total healthcare costs are lower than savings in hospital costs.

BMC Pulmonary Medicine

'Service impact' refers to cost savings in healthcare delivery systems ('limitation and effectiveness of costs').

Health Research Policy and Systems

"We believe HP is poised to deliver significant upside to these estimates owing to both cost savings initiatives but also positive fundamentals," Credit Suisse analyst Robert Semple wrote in a note to investors Friday.

Forbes

It should also lead to cost savings once fully integrated.

Forbes

Despite a higher frequency of healthcare contacts in primary care, a decentralised GP organised follow-up programme was associated with total cost savings owing to the decreased costs of primary care consultations and less hospital travels.

BMJ Open

Evidence on incremental cost and cost-effectiveness is of particular importance in nAMD, owing to the potential savings and health implications of either reducing treatment frequency or substituting a much cheaper alternative (bevacizumab) for a more expensive drug (ranibizumab).

BMJ Open

The Kindle Paperwhite update here is more likely indicative of Amazon taking the opportunity to pass along savings found in its supply chain owing to the dropping cost of flash memory to consumers, however, and probably not reflective of their product roadmap.

TechCrunch

Previously it would have been offset by any sum you owed to the savings institution.

BBC

82 Agonist agents are recommended as long-term treatments; however, in a commercial insurance retrospective analysis, only 27% of patients persisted with buprenorphine through 6 months, and a follow-up assessment of pharmacy costs failed to show significant savings, owing to ongoing opioid medication use.

Annals of the New York Academy of Sciences

Expert writing Tips

Best practice

When using "owing to cost savings", ensure the context clearly demonstrates the direct cause-and-effect relationship between the cost savings and the outcome being described. For example: "The project was completed ahead of schedule, owing to cost savings realized during the initial phase."

Common error

Avoid using "owing to cost savings" when the connection is weak or indirect. Instead, opt for phrases like "related to budget adjustments" or "influenced by financial factors" to indicate a less direct relationship.

Linguistic Context

The phrase "owing to cost savings" functions as an adverbial phrase, specifically a causal adjunct. It modifies a clause by providing the reason or cause for the action or state described in that clause. As Ludwig AI confirms, it serves to explain a justification related to financial efficiency.

Expression frequency: Common

Frequent in

Science

50%

News & Media

37%

Formal & Business

13%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "owing to cost savings" is a grammatically correct causal connector used to explain a decision or outcome resulting from financial efficiencies. Ludwig AI confirms its usability in written English. It is considered common and suitable for professional and scientific contexts, appearing frequently in news, science, and business publications. To ensure clarity, always use it where a direct cause-and-effect relationship exists between the cost savings and the stated result. Alternatives include "due to cost savings" and "because of financial savings".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

due to savings in costs

This alternative reorders the phrase slightly, emphasizing the "savings" before specifying "costs".

because of financial savings

This alternative uses "because of" instead of "owing to", and "financial savings" instead of "cost savings" providing a slightly broader scope.

as a result of reduced expenses

This alternative replaces "cost savings" with "reduced expenses", highlighting the action that led to the savings.

stemming from economic efficiencies

This option employs a more formal tone, replacing common words with synonyms conveying a more specialized register.

attributable to economy in spending

A more formal and complex variation, this substitutes "cost savings" with the more elaborate "economy in spending".

thanks to lower expenditures

This uses a more informal tone, using "thanks to" to convey the reason for something.

resulting from thriftiness

This option employs a more conceptual approach, substituting the expression with the benefit found in saving costs.

arising from budgetary prudence

This provides a more elaborate alternative, indicating the reason as an adjective of the noun.

generated by fiscal responsibility

This option is more conceptual, showing where "cost savings" comes from.

on account of economical measures

The prepositional phrase describes cost savings, showing where it comes from.

FAQs

How can I use "owing to cost savings" in a sentence?

You can use "owing to cost savings" to explain a decision or outcome that resulted from financial efficiencies. For example: "The company expanded its operations, "owing to cost savings" achieved through streamlined processes."

What are some alternatives to "owing to cost savings"?

You can use alternatives like "due to cost savings", "because of financial savings", or "as a result of reduced expenses" depending on the context.

Is it more appropriate to use "owing to" or "due to" in formal writing?

Both "owing to" and "due to" are acceptable in formal writing. However, "owing to" often implies a sense of gratitude or acknowledgement, while "due to" simply indicates causation. Therefore, "owing to" might be preferred when the cost savings are seen as a positive factor.

What's the difference between "cost savings" and "financial savings"?

"Cost savings" typically refers to specific reductions in expenses, while "financial savings" is a broader term that can include increased revenues or improved financial performance overall. Using "financial savings" might be more appropriate when the reason is attributable to a broader range of financial activities, instead of the cost itself.