Profit Improvement Solutions For Financial Services
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Financial services organizations determine where to focus and how to execute by gaining meaningful insight from a depth of complex financial and operational data. To remain competitive, they must have the ability to measure profitability at any level - product, customer, segment, channel, and branch. Financial institutions use the Acorn Solution to support critical decisions in the areas of cost allocation and ABC/M, supply chain costing and efficiencies, capacity planning & staffing models, Corporate Performance Management, profitability measurement and enhancement, IT value management and pricing.
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Measure and take action in today's dynamic environment.-
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- How Financial Service Companies use Acorn solutions
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- Financial
- • Financial Management and Decision Support
- • Cost Allocation
- • ABC/M
- Operational
- • Operational Performance/Efficiency
- • Supply Chain Costing and Efficiencies
- • Process Modeling and Costing
- • Capacity Planning & Staffing Models
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- Strategic
- • Corporate Performance Management
- • Profitability Measurement and Enhancement
- • Customer Profitability/ Customer Segmentation
- • Channel Profitability & Costs
- • Product Profitability & Costs
- • Order & Line Item Profitability & Costs
- • Customer Pricing & Contract Renegotiation
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- Profitable Revenue Growth (PRG)
- • Product, Customer & Channel Profitability
- - Channel (Sales/Distribution) Optimization
- - Pricing
- - Strategic Cross-Sell
- - Line of Business/Segment
- - Customer Visibility
- • Account
- • Customer
- • Household
- • Segment
- • Product Strategies
- - New Product Development
- - Portfolio Rationalization
- • Profitability-Based Incentive Compensation
- Reducing Operating Expenses
- • Reengineering & Process Redesign
- • Continuous Improvement Monitoring
- • Internal & External Benchmarking
- • Business Process Measurement & Analysis
- • Shared Services Allocations & Cost Analysis
- • IT Value Management
- • Six Sigma - Measure, Analyze & Control
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- Strategic Initiatives
- • Performance Management
- - Planning & Forecasting
- - Benchmarking
- - Balanced Scorecard/KPIs
- - Driver-Based Planning
- • Profit Simulation
- Financial Integrity
- • LOB Profitability Reporting
- • Forecast Impact of Changes (Simulation)
- • Single Version of the Truth
- • Transparency
- • Accuracy & Auditability
- • Compliance
- Optimize Return on Capital (ROC)
- • Resource & Capacity Planning & Utilization
- • RAROC Using Accurate Cost Allocations
- • Planning/Resource Management
New Rules- The pace of change is in overdrive. the competition is growing. the consumer is more empowered and demanding than before . the way people do business is changing. . online banking is creating new channels and challenges . differentiation is more difficult than ever. and pressure to deliver value and strong financial results is at its peak.
New Solutions- How do today's financial services organizations determine where to focus and how to execute? By gaining meaningful insight from a depth of complex data. Give your organization the ability to measure profitability at any level - product, customer, segment, channel, and branch - and improve operational and financial performance. Financial and Operational executives and operations must have an accurate, timely view of the right information at the right level of granularity to take action and make impactful decisions.
A Better Way- No excuses, no compromises. Measure your business and empower your decision-making in a manner not previously possible. Move beyond traditional approaches focused on volume-based revenue growth or gross margin analysis to true cost and net operating income focused growth and profitability. Define a measurement system to bridge the needs of the executive suite, finance, operations, marketing and IT and leverage data from the disparate systems in your enterprise to create a single view of the business. Create a sustainable solution so you can get back to the business of banking again, delivering value for your customers, business partners, and shareholders.
The Winning Approach- Acorn Systems' Performance Solutions for Financial Services are unlike any others available today in terms of capability, flexibility, accuracy, and scalability. Yet perhaps more important is the knowledge and expertise we have gathered to develop new strategies and value capture solutions for financial services organizations - retail and commercial banks, brokerages, back-office processors, insurance companies and conglomerates. Together, we work as a team to understand your business and how best to drive real, sustainable profit improvements. Operationalize your Financials -- Our passion, your solution.
At Acorn Systems, we don't tell you how to define success;
we just show you where to find it.-
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- • Believable
- • People use it
- • Buy-in is key
- • Sarbanes Oxley
- • Verifiable
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- • Analysis with Context
- • Root cause identified
- • Incentives
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Operational and Functional validation
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- We had been using profitability information for strategic decisions for 15 or so years,
But theres a big difference between occasional use of a system and bringing profitability measures into the mainstream of the companys
- business.
- Rhett Bratt, vice president of profitability analysis at Charles Schwab
Technology Features & Benefits Enterprise Performance Suite
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