thanks to cost savings

USAGE SUMMARY

The phrase "thanks to cost savings" is correct and usable in written English.
It can be used to express gratitude or acknowledgment for financial efficiencies that have been achieved. Example: "Our project was completed ahead of schedule, thanks to cost savings from our budget adjustments."

✓ Grammatically correct

Formal & Business

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

Underlying earnings of £734m are now nearly 23% of revenue, thanks to cost savings achieved by combining the Orange and T-Mobile mast networks and a reduction in the number of shops.

The Guardian - Business

Retail powerhouse Wal-Mart de Mexico (Walmex) posted higher profits for the third quarter on Monday, thanks to cost savings and growing market share despite the weak economy and flat September sales.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

BT says the acquisition will pay for itself thanks in part to cost savings from eliminating overlapping network leases, operating and maintenance costs and by using BT's purchase power to reduce Infonet's in-country access costs.

Forbes

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

TechCrunch

It should also lead to cost savings once fully integrated.

Forbes

The business-to-business publishing and events group Informa has said it is trading in line with management expectations, despite "very challenging conditions", and expects to make £20m in savings thanks to cost-cutting measures.

The Guardian

Reducing on-site construction activities leads to time-saving and consequently to cost-saving.

Visualization in Engineering

Very high gravity (VHG) processes are extremely attractive and promising for bioethanol production as they allow significant improvements in overall productivity, thus minimizing production costs thanks to energy savings [ 5].

Biotechnology for Biofuels

It was shown that the proposed concept is economically efficient as the payback period of the intervention (return of the retrofitting investment) can be significantly reduced for seismic zones when energy is applied concurrently with seismic retrofitting by exploiting advanced construction materials, thanks to large savings related to the labour costs.

Composites Part B: Engineering

Its authors point to potential cost savings of nearly £2bn.

BBC

"In the first year of the Trump administration, a billion dollars in savings with respect to regulatory cost savings".

Vice

Expert writing Tips

Best practice

When using "thanks to cost savings", ensure it's followed by a clear explanation of the positive outcome or benefit that resulted from those savings. For example: "The project was completed ahead of schedule, thanks to cost savings achieved through efficient resource allocation."

Common error

Avoid exaggerating the impact of "cost savings". Be realistic about the extent to which savings contributed to the overall success. Qualify your statements with phrases like "partially", "contributed to", or "helped in" if the savings were not the sole factor.

Linguistic Context

The phrase "thanks to cost savings" functions as a causal connector, indicating that a particular outcome is a direct result of financial efficiencies. Ludwig AI confirms its usability, showing it expresses gratitude for financial efficiencies.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Formal & Business

33%

Science

33%

Less common in

Wiki

0%

Academia

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "thanks to cost savings" is a grammatically sound phrase used to attribute a positive outcome to financial efficiencies. Ludwig AI shows that the phrase is typically used in news, business, and scientific contexts. When using the phrase, ensure that you clearly link the savings to the specific benefits they enabled, and avoid overstating the impact if other factors were involved. Alternative phrases such as "due to cost reductions" or "owing to financial efficiencies" can be used to express similar meanings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

due to economical savings

Replaces "thanks to" with "due to" and uses "economical" instead of "cost".

owing to financial efficiencies

Uses "owing to" instead of "thanks to" and replaces "cost savings" with "financial efficiencies".

as a result of budget reductions

Substitutes "thanks to" with "as a result of" and "cost savings" with "budget reductions".

because of fiscal prudence

Replaces "thanks to" with "because of" and "cost savings" with "fiscal prudence".

resulting from economy measures

Emphasizes the origin of the savings in economy measures.

attributable to reduced expenditures

Attributes the positive outcome to reduced expenditures.

on account of economical spending

Uses "on account of" instead of "thanks to" and modifies "cost savings" to "economical spending".

stemming from financial austerity

Highlights the origin of savings in financial austerity.

by virtue of thriftiness

Indicates that thriftiness made savings and something positive happen.

facilitated by cost management

Changes the phrasing to highlight the role of cost management in facilitating a positive outcome.

FAQs

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

You can use alternatives like "due to cost reductions", "because of budget efficiencies", or "owing to financial efficiencies depending on the context.

Is it grammatically correct to say "thanks to cost savings"?

Yes, the phrase "thanks to cost savings" is grammatically correct. It functions as a causal connector, indicating that a positive outcome is a result of financial efficiencies.

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

You can use "thanks to cost savings" to explain how a particular outcome was achieved as a result of financial efficiency. For example: "The company's profits increased, "thanks to cost savings" in manufacturing."

What's the difference between "thanks to cost savings" and "due to cost savings"?

Both phrases express causality, but "thanks to cost savings" implies a more positive connotation than "due to cost savings". "Thanks to cost savings" suggests gratitude or acknowledgment, while "due to cost savings" is more neutral.