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Control Costs, Drive Profitability
Don’t let costs rob you of your profitability. Incomplete or inaccurate information leads to poor strategy decisions and sub-par allocation of human and financial resources, negatively impacting your bottom line.
It is critical for companies to understand where its profitability comes from. In today’s competitive world, companies need more than just statutory financial reports. Companies should analyze the multiple dimensions and parameters to understand the true cost and revenue. Profitability and Cost Management can identify the direct, semi-direct and indirect factors so you can take necessary action on them.
VST provides Profitability Analytics (Profitability & Cost Management) that will help you discover the true costs of your products and/or services and help you realize the potential profitability of your business. We have served clients across the business verticals and created significant business value into their businesses. We are constantly evolving and scaling new horizons. In our pursuit to excellence, now we have extended our capabilities from planning to execution to orchestrate a seamless business process for enterprises.
Organizations realize the majority of their profits come from a fraction of their products, services and customers. These same organizations are breaking even, or losing money, on a large portion of their recognized revenue.
We need to better understand our fully-oaded profitability by our key business segments: customer, product, channel, etc.
Profitability Analytics
We need to charge out shared services costs to the business
Shared Services Chargeback Driver-based, Activity-Based
We need to provide greater transparency in our shared services chargeback
Shared Services Chargeback Driver-based, Activity-Based
We need to align cost management decisions with the facts on the ground
Strategic Cost Management Driver Based Planning through fully loaded metrics
Profitability & Strategic Cost Management emphasizes the outcomes and drivers of business processes, not the dollar input. This provides the foundation for fully understanding your cost structure, resulting in greater transparency and traceability of revenue, cost and ultimately profitability.
Through leveraging a holistic approach to Profitability and Strategic Cost Management, organizations will develop a complete picture for intelligent sustainable cost management and reduction, ultimately leading to increased profitability. We work with organizations every step of the way from accessing their current state, defining the future state methodology and enabling technologies and a roadmap to get them there then execute the implementation and ensuring post go-live readiness.
The VST Profitability Management solution enables executives to:
Optimize performance
by analyzing and monitoring key volume, cost and profitability trends across business lines
Identify segments
eroding profitability and take corrective action
Prepare in-depth reports and analysis
such as segmentation, ranking, and whale curve cumulative profitability
Generate actionable reports
that analyze volumes, costs and profitability measures across any dimension and immediately drill into the details
Integrate operational and financial data
sources to get a complete picture of performance
Perform clear and defensible costing algorithms
at even the most granular levels of your business
VST provides the ability to analyze and understand how your customers, products, channels and service lines are eroding profitability. Finance teams have the robust capabilities needed to build sophisticated profitability models, while executives and business line leaders have the customized reporting needed to make better decisions.
With our Profitability Management solution, decision makers have access to the information they need to drive down costs and invest in segments that generate higher returns. VST’s robust reporting and dashboard capabilities allow executives to quickly and easily understand all of their business segments’ profit contributions and generate full profit and loss reporting for any dimension desired. Whether providing reports for the CFO, a business line leader or the board of directors, VST makes it easy to provide customized profitability reports tailored to the audience consuming the information. And with powerful ad hoc reporting capabilities, users can quickly drill from consolidated reports to the underlying details.
