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Boosting profits from existing business without incurring higher costs is a challenge businesses face daily. And while nearly everyone in an organization pays attention to profitability, often there’s no one actually tasked with managing it.
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Achieve Organic Growth
Accurate profitability and predictive performance management are the keys to achieving organic growth. (8:15 minutes; 7.55MB)
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To boost profitability, you must first understand it. That’s a challenge, as many organizations combine inaccurate cost information from traditional costing systems with other financial and operational data to generate reports on customers and products. This approach, however, doesn’t measure true profitability, nor does it enable the development of customer, product or channel mix scenarios that can be used to grow the bottom line.
The SAS approach
SAS Profitability Management has a better approach. The solution applies user-defined assignment rules – not arbitrary costs and broad brush averages – to allocate shared and indirect costs to products, services, channels and customers.
SAS Profitability Management gives you the ability to:
- Associate costs and revenue with individual business transactions, using robust, yet highly flexible analytics to calculate profit and loss at the most detailed level.
- Actively manage profitability as a performance metric down to the most granular level – across billions of transactions and interactions.
- Understand why and how individual customers and products impact the bottom line.
- Gain insight into key drivers and trends so you can make strategic decisions to effectively grow the business.
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Industries
Activity-Based Management
