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Texas, USA Office

1025 Central Expressway South
Dallas
TX
US

Telephone

501.847.8551

Contact

Carol Cassil
[email protected]

PROFITability

Customized Cost Accounting Solution

Having a clear, accurate picture of where revenues and expenses are derived is the foundation of any successful business model. In today’s highly competitive environment, a bank’s understanding of cost accounting can dramatically improve its performance.

PROFITability accurately ties compensation to performance with branch managers and other key personnel. It also determines which branches and products add profit and which don’t, and identifies hidden profit potential.

The solution is customized to a bank’s individual financial information and offers two distinct dimensions:

Product PROFITability compares individual products to one another from a post-allocated perspective. Viewing product margins from this perspective allows a bank to accurately see how profitable each product is and how it compares to other products.

Organization PROFITability provides a view of the true profitability of a branch, department or region, allowing for a comparison of allocated expenses as they relate to their income and showing an accurate view of their adjusted earnings.

Setting up and managing this cost accounting system is simple. The client support team sets up a bank’s custom chart of accounts, allocation rules and funds transfer pricing method and provides introductory training.

PROFITability is designed with the following built-in features:

Funds Transfer Pricing – enables a bank to allocate funds in a fair, predetermined manner and helps the bank gain a more accurate picture of how individual branches or products are contributing to the overall net interest margin.

Revenue and Expense Allocation Rules – provides built-in, standard allocation rules based on industry best practices. These rules can be customized by the bank as needed.

Capital Allocation Methods – enables a bank to determine historical and forecasted ROE calculations using simple-to-complex capital allocations.

Profit Forecasting – provides forecasting tools for analyzing multiple profit scenarios both pre- and post-allocated.

Report Wizard – generates standard or custom reports in seconds.

User-Defined Graphs – provides customized, full-color graphs that are east to understand and visually appealing.

PROFITability is fully integrated with PROFITstar® ALM/Budgeting software.

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