PROFITability Analysis System
Organizational and product profitability system
PROFITability is the cost accounting analysis system that supports organizational and product profitability analysis. This system accurately ties compensation to performance with branch managers and other key personnel. It also determines which branches and products add profit and which do not. PROFITability further identifies hidden profit potential. Accurate branch profitability and organizational profitability can easily be determined.
Combining that profitability analysis with the customer profitability information provided through the Relationship Profitability Management system enables the financial institution to review allocated expenses and generate accurate adjusted earnings for each organization. Product profitability is generated by comparing individual products from a post-allocated perspective, which allows financial institutions to accurately determine the profitability of each product and compare it to other products.
What It Does
Imports general ledger and application data from almost any core system.
Customizes an institution’s individual financial information.
Compares individual products to one another from a post-allocated perspective.
Provides a view of product margin using matched-funded funds transfer pricing.
Allows an institution to accurately see how profitable each product is and how it compares to other products.
Provides a view of the true profitability of a branch, department or region.
Compares allocated expenses as they relate to income, both historically and forecasted.
Provides an accurate view of adjusted earnings and return on equity (ROE).
Provides built-in, standard allocation rules based on industry best practices.
Generates standard or custom reports in seconds.
Provides customized, full-color graphs that are easy to understand and visually appealing.
Integrates with PROFITstar ALM/Budgeting software.
Provides Activity Based Costing (ABC) for calculating product delivery and maintenance costs.
What It Does For Me
Provides a clear, accurate picture of where revenues and expenses are derived.
Ties compensation to performance with branch managers and other key personnel.
Determines which branches and products add profit and which don’t.
Identifies hidden profit potential.
Enables an institution to allocate funds in a fair, predetermined manner.
Helps an institution gain a more accurate picture of how individual branches or products are contributing to the overall net interest margin.
Allows for simple setup of the cost accounting system.