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
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