Download Activity-Based Management for Financial Institutions: by Brent J. Bahnub, Gary Cokins PDF

By Brent J. Bahnub, Gary Cokins

Notice the best way to use activity-based administration to enhance your backside lineThe first e-book of its sort to target activity-based administration within the monetary companies undefined, Activity-Based administration for monetary associations: riding base line effects will enable you force alterations in your companies backside line.After offering a short assessment of a monetary prone activity-based costing version, this ebook makes a speciality of find out how to without delay increase web source of revenue, protecting crucial themes together with costing, chargeback, and pricing; enforcing ABC; imposing ABM; dealing with organizational swap; and warding off pitfalls.Written for these within the monetary companies industry-banks, securities businesses, coverage companiesReveals the best way to force advantages to the base line via disciplined execution of activity-based administration and organizational swap managementProvides genuine global examples and instruments for speedy effects and sustained successThis specific e-book will take your bank from caught to financially winning, using profitability and function.

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Extra info for Activity-Based Management for Financial Institutions: Driving Bottom-Line Results

Sample text

For this example, let’s assume that the expected usage of the scanning equipment is its practical capacity. What happens when the service is priced on the variable cost with a 50% markup? 10/scan. 15/scan. 20/scan. So, at capacity, the full revenue is $15,000 and the full cost is $30,000, resulting in a $15,000 loss for the shareholder. What happened? The marginal cost plus pricing did not have a large enough margin to cover the fixed costs. 30/scan. In this example, ‘‘steady state’’ was assumed to be the practical capacity, but realistically, the steady state maximum is the practical capacity.

Many of the examples in the book are drawn from my past implementations in shared service environments within the financial services sector—banking and insurance. It is an incredibly complex arena with many options and opinions. Since the majority of the employees working in the financial services industry are financially oriented, many believe that they could easily create an Activity-Based Costing/ Management model and culture. In fact, it takes years for a costing WHAT IS ABM? J 7 novice to understand and incorporate all of the nuances required for a successful implementation.

For example, Hyperion Reports fulfills the first need and Hyperion Analyzer fulfills the second. & How is ABC progress reported? What will you track? What is actionable? When ABC is just underway and just rolling out, much of the reporting will be informational—this is what we implemented . . and here are the results. While this is appropriate in the rollout and education, when ABC/M becomes imbedded in your organization, try to limit your informational reporting to 20% and your actionable reporting to 80%.

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