• Six Sigma

• More effective with Acorn's Profitability Analytics

• Organizations have embraced Six Sigma for good reason. Six Sigma has served as a critical agent in organizations to precisely optimizing processes and operations to improve profitability and customer satisfaction. Those companies investing strategically in Six Sigma have a staff who are adept at identifying, planning and executing change in the organization.
  
  Six Sigma is even more powerful when combined with a Profitability Analytics solution from Acorn Systems.

• Six Sigma and Profitability Analytics

• • Are driven by fact based opportunity identification
• • Require this information to be undeniably accurate
• • Have the same ultimate goals of improved profitability and customer satisfaction
• • Must be aligned with the strategic goals to be effective
• • Require significant organizational commitment and aggressive follow through on initiatives
     to achieve full potential

• The Problem

• Six Sigma teams are usually tasked with intensive data collection, validation and analysis efforts to determine opportunities within the organization. These efforts are time consuming, sometimes frustrating, and are generally one-time exercises that cannot easily be repeated.

• The Acorn Solution

• Acorn Systems' analytics solutions address this issue as a normal course of implementation.
• • Makes data collection and cleansing an automated and repeatable process
• • Facilitates faster and easier cycles of opportunity identification, relieving these highly valuable resources
    of non-value added effort to accomplish their goals
• Six Sigma and Acorn Systems work synergistcally to create powerful results
• • Any Six Sigma initiative must be measured to determine success relative to the identified opportunity.
    Acorn Systems' clients regularly use the results of the solution's modeling to accurately and quickly
    measure the impacts of decisions they have made. This gives the client a full circle environment to
    identify, act on, and measure results of opportunities.
• • Six Sigma is structured to provide the management support necessary to execute the
    profitability/efficiency improvement initiatives that Acorn Systems' solution brings to light.
• • The Acorn solution will boost the results of any Six Sigma initiative.
• • Six Sigma and Acorn's profitability analytics use root cause analysis to expose and understand why
    aspects of the business are the way they are. Acorn Systems delivers cost per piece / function /
    department, and exposes driver information to understand context such as number of checks written, and
    the total time consumed in a function for a period.
• • Six Sigma uses concepts such as Critical to Quality and Customer Satisfaction, which can easily be used
    in the Acorn Systems environment to assign cost, produce Key Performance Indicators and
    compute the cost of quality. The flexibility to dynamically compute such cost allocations provide a
    significant advantage. It helps companies understand the impact of quality control changes
    and manufacturing process changes to meet customer demand but control costs.
  
  

• Related Resources

• Beyond Lean Six Sigma:
  Driving Sustainable Results in Financial Service
• Steve Anderson, Founder Acorn Systems
• This white paper is a must read for any company in the financial industry considering implementing Lean Six Sigma. It could help you dramatically improve your success.
• » Read Whitepaper

• SOX + ABC = Value
• Mitchell Max, The Performax group
• The alignment of two seemingly unrelated stars in the Finance universe is creating a new opportunity for CFOs. Recently, companies have invested heavily in documenting and strengthening controls over business processes to support improved risk management in accordance with requirements such as Sarbanes - Oxley (and, for financial services organizations, Basel II), or to support process initiatives such as Six Sigma. At the same time, a new and innovative approach to developing accurate and meaningful cost information - Time-Driven Activity-Based Costing, has been evolving which directly leverages process documentation, dramatically reducing implementation time and cost.
• » Read Whitepaper

Acorn Systems Provides: Six Sigma Software

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