Category: Profit Analytics

Why you need to get analysts back to analyzing!

Everybody knows they need a finance department, but rarely do organizations pay much mind to what the finance department needs. Ask yourself, what does your finance department do? Many would answer “Controlling expenses, like bills and payroll” or “Managing our revenue paper trail”. You wouldn’t be wrong, but if all your finance department is doing […]

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How ABC Can Correct The Inaccuracies of Conventional Costing

Download Infographic Activity-based costing is a method of measuring the cost and performance of activities, products and customers. It is increasingly being seen as a more accurate method of costing than conventional costing systems, which are being superseded by the fact that automation means that direct material and labour consumption is now a far less […]

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Banks, Stop Wasting Resources on The Wrong Customers!

Companies often look to their financial systems for a better understanding of their most and least profitable customers.  What they may not realize is that these financial systems are not set up to accurately measure the drivers of customer profitability. What are they missing?   What everybody is missing The assumption that the bank’s financial […]

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Finally, Banks & Credit Unions Can Stop Guessing When It Comes To Profit Growth

In an increasingly competitive environment, with low market interest rates, the banking and financial service industry (including credit unions) continues to face significant challenges to improve revenue and profit growth. Financial systems have limitations, as they cannot accurately provide true costs of products. They fail to attribute costs of market facing and business support activities. […]

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