Cost Reporting has been saved
Case studies
Cost Reporting
Cost reporting in a global financial services company
Background
- Management of the different business units needed help to take the right management decisions by creating transparency about the process and product profitability thanks to the utilization of proven methodologies
- Very limited set of relevant financial indicators to help manage the business
- Limited ownership of the business with respect to the costing model
- Tool currently used for costing is not supported anymore
Approach
- Gather business requirements
- Create the functional design
- Simplify the costing model
- Create prototype in dedicated tool
- Define the management reports and KPI’s
- Create the technical design
- Build the model in SAS ABM
Outcome
- Accurately reflect the reality in cost allocation by providing the total cost of ownership (TCO) and unit costs of the products
- Support performance management by providing operational costing data on national & regional level
- Allow for benchmarking at regional level
- Support the chargeback of costs to the BU’s