Why Profit Pro?
If you can not measure it, you will not be able to manage it ... financial services companies are notorious for the lack of performance measures at the granular level. Measuring performance and managing it is critical for these organizations in a highly competitive environment. Traditional financial statements and regulatory ledger reports are not sufficient to manage the discrete parts of a business-specifically by business units, products, channels, customers, and accounts. In critical times like today, companies that provide these financial services, must be profitable, must effectively manage risk, be efficient in collecting and recovering capital.
What is the problem?
The general ledger is insufficient to handle the business
Costs are usually based on some type of activity
Cost sharing needs to be allocated
Users of the funds must be charged for the use of the funds
The providers of the funds, must be credited for the value created
Equity and credit risk need to be appropriately allocated
The distribution of information has been problematic
What is the solution?
Profitability of the organization - financial statements by business unit or business lines
Profitability by product and channel - financial statements by both items
Profitability per customer and account - financial statements with the lowest level of detail
Transfer pricing - net interest margin allocation for users and for providers of funds - this is "the cost of goods sold" by balance sheet accounts
Unit cost calculation - process management for the determination of indicators used in the allocation system
Business Intelligence - Management indicators to manage a business from the dimensions of financial returns
Profitability Alerts - alerts based on subscriptions at all levels of the organization
Profitability forecasting - real-time calculations of transfer prices and the estimation of costs, allowing sales executives to determine the expected profitability of a financial product
Why Profit Pro?
Supports multiple dimensions by: division, organizational unit, branch, product, channel, segment, client and instrument
Transfer Pricing: Flexible and scalable net interest margin allocation methods
Provides a flexible calculation engine to perform assignments
Unit cost is critical for almost all activity allocations
The value of the solution comes from the distribution of results with the reports they need to act on knowledge
Integrates with any CRM and ERP on the market
Subscriber-based alerts inform users of profitability changes in any dimension