With Stratic, financial services, and insurance companies are empowered to optimize their profitability through comprehensive and detailed cost management strategies:

• Detailed Cost Assignment

Precisely assign detailed costs based on the consumption of time, labor, facilities, and capital. Take into account the specific characteristics of products, services, or customers to ensure accurate and meaningful cost allocation.

• Comprehensive Profitability Measurement

Measure and evaluate profitability at all organizational levels, including corporate, product, channel, and segment levels. Gain a holistic view of where profitability is highest and identify areas for improvement.

• Flexible Cost and Profit Calculation

Calculate costs and profits using a variety of methodologies, such as activity-based costing (ABC), time-driven activity-based costing (TDABC), and allocations. Customize and combine methods to best suit your organization’s unique needs and achieve precise financial insights.

• Comparative Cost and Profit Analysis

Conduct an in-depth comparative analysis of costs and profits across all levels of the organization. Identify trends, uncover inefficiencies, and benchmark performance to drive strategic decision-making.

• Scenario Analysis and Flexibility

Analyze a wide range of scenarios by adjusting or ‘flexing’ any characteristics of the product or customer. Understand the financial impact of variable changes and make informed decisions to enhance profitability.

By leveraging the robust capabilities of Stratic, financial services, and insurance companies can achieve unparalleled insight into their cost structures and profitability, leading to more informed decisions and enhanced financial performance.