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| Solutions - Profitability & Cost Management |
Improving profitability involves more than a headlong pursuit of slashing costs. It's the ability to identify your most valuable assets and products, while testing the impact that changes in pricing and process improvements have on costs and profitability. This will give you the insight to act decisively with a clear understanding of what the outcome will be. Yet today many organizations endeavor to run detailed cost and profitability reporting on spreadsheets and other in-house solutions. This can result in infrequent reporting that involves a high degree of manual effort from your finance department – and that can produce results that have limited credibility.
In an era of increasing pressure to deliver sustainable financial results, there is no better time to drive more value from your cost and profitability reporting;
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Driver6 can allow you to accurately and effectively measure product, customer, and channel profitability and develop systems to dynamically test ways to improve them.
Driver6 can transform your business from crude apportionments towards cause-and-effect assignments that accurately reflect how products and customers consume resources.
Driver6 can minimize the amount of time and effort needed to produce cost and profitability reports.
Driver6 can give businesses credible information that provides the insight they need to make better decisions that drive the bottom line.
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| Quotes |
"51.9% of Financial Managers view measuring product and customer profitability as the top constraint. Profitability management applications can provide key enablement to improve this understanding: this is a key component of corporate performance management (CPM) suites.”
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| -John Van Decker, Gartner July 2009 |
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