Topic

Cost & Profitability

Cost & Profitability is the foundation for sustainable growth within your organization. Understanding costs across the value chain and the profitability of products, services and customers is essential for strategic decision-making. This enables you to control costs, discover new revenue sources and increase margins. Here scenario analysis helps identify risks and opportunities in a changing environment. This is critical for your organization on its way to long-term success and growth.

Cost & Profitability questions Finext can help with:

  • What products, services or customers contribute most to our profitability?
  • How can we optimize our pricing to increase our profitability?
  • What are the key cost components affecting our profitability?
  • How can we better control and optimize our costs?
  • How do we deal with changes that affect our profitability?

What Cost & Profitability topics does Finext offer?

Customer Value Management helps to understand the value that customers contribute to your organization, with this you can influence customer value and thus increase customer profitability.

Pricing helps set the optimal prices for products or services, resulting in maximum profitability and competitive advantage.

Cost-to-Serve involves identifying and optimizing the costs associated with serving customers, leading to more efficient business processes and improved customer profitability.

Activity-Based-Costing is a method of allocating costs to specific activities, leading to a better understanding of costs of products, services and customers.

Scenario analysis is about calculating alternatives in a consistent manner in order to prepare organizations for different future situations and to respond flexibly to uncertainties, improving strategic decision-making.

Margin Analytics provides insight to manage margins by performing in-depth data analysis of the margin waterfall to increase efficiency and optimize profitability.

AI-Based Margin Optimization aims to explore whether artificial intelligence can be used for margin optimization, which can result in real-time adjustments and more efficient cost control.

What Cost & Profitability tools does Finext have in place?

Finext is highly experienced in configuring various Cost & Profitability solutions, such as SAP Profitability and Performance Management, Oracle Profitability and Cost Management, CostPerform, SAS Cost and Profitability Management and Tagetik Profitability Analysis. The focus is always on ease of use and transparency for the end user.

Which organizations are already using Cost & Profitability solutions?

Finext has years of experience in various industries, such as Financial Services, Retail, Fast Moving Consumer Goods, Telecom, Energy and Industry. Leading organizations such as Royal FloraHolland, Zwitserleven, ING, Aegon, KPN, Rabobank, Bejo Zaden and Farm Frites have preceded you.

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