In the investment industry there is a clearly discernible trend that business processes are driven by market situations. Administrative efficiency is thus one of the key contributing factors to financial success.
The essential issue for any business is therefore to make the right decisions based on accurate information.
Remit and challenge:
- Realtime planning, supervision and control
- Review of constantly changing general conditions and the consequent impact of installation-specific differences, plus the attendant administrative costs
- Noticable improvement in administration
- Support for senior management in strategic and operations decision making
Solution
Best Business Board (B3) – Activity Based Costing from adept consult for investment managers covers these requirements.
Rapid deployment and ease of use makes this management information system a very effective decision making tool.
To meet the base requirement for date related reporting details, daily transaction details are used in conjunction with the monthly expenses. The activity based cost model assists with the rest of the business as well, supporting management decision making:
- Determining and evaluating process costs
- Extensive forecast / actual comparision (by cost centre, department or process)
- Targeted discovery of cost drivers
- Cost control and reduction through process simulation, that highlight areas for improvement
As easy as ABC – Activity Based Costing
Customisable presentation possibilties and colour coded display of controls provide an intuitive and extremely easy to use system. Feedback regarding critical factors are supported with drill-down capabilities for analysis, providing useful insight to aid in planning suitable actions for improvements to take.
- Strategic and operational cost control
- Improvement of product and service delivery quality
- Profit calculation by customer and investment fund
The system architecture facilitates rapid implementation. Our customers report the system is productive within a few weeks and starts to produce permanent cost savings typically in the region of £1 to £2 per fund per business day.
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