In today's competitive economy, improving profitability involves more than a headlong pursuit to increase revenues and slash costs. It’s the ability to identify your most valuable customers and products while testing the impact that changes in pricing and process improvements have on costs and profitability. This will give you the insight to act decisively with a clear understanding of what the outcome will be.
The data you need to improve your financial performance is inside your own organization - you just need to be able to get to it. Our cost and profitability solutions are underpinned by a robust activity-based costing (ABC) engine that can help you access this data and increase the speed, quality, and accuracy of the decisions you make.
Benefits
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Model quickly and accurately
Our cost and profitability solutions allow you to:- Build models quickly and easily with default assignments
- Customize your allocations for different departments, periods and versions
- Benefit from a quick time to value without compromising your assignment integrity
- Get multi-dimensional reports
Reporting is an important element of improving profitability. With our performance management solutions you can assign costs to multiple cost objects and get a single, easy-to-follow multi-dimensional report, identifying cost and profitability by product, customer and channel. - Choose how you cost
Select the best costing methodology for each of your departments by using wizards and user-defined rules. Build models using time splits, time capture and time-driven costing. - See the real picture
Our cost and profitability solutions mirror the interdependency of shared services so costing always reflects the real world. The built-in functionality repeatedly reassigns residual resource costs to activities until it becomes negligible.
