Modern Activity-based Costing
Customer Story
Luminor Bank needed an activity-based costing solution that captured all costs in all dimensions at a granular level to improve management decision-making with complete transparency.
Company
Luminor Bank AS
the third-largest retail bank in the Baltics
Headquarters
Tallinn, Estonia
Industry
Banking
What was
Accomplished
Our industry-focused teams specialize in understanding specific business needs to shape solutions that create efficiencies and power performance. We speak your language, and our deep industry experience provides the best framework for delivering action-oriented results that fit your operational needs.
Solution
SAP Profitability and Performance Management (PaPM)
- Flexible and intuitive interface for activity-based cost modelling
- Fully integrated with the existing architecture to improve the data flow
- Easy to manage by the finance and controlling users with minimum IT involvement
Challenges
Modernizing Activity-based Costing.
- Existing activity-based costing system lacked flexibility and multi-dimensional views
- Create an efficient process to support product and pricing decisions
- Develop dimensional cost for granular analytics
- Produce precision in profitability measurements and pricing
Benefits
Explore. Implement. Report.
- Transparency in analyzing complex cost allocation and tracing results back to cost origin
- Efficient assessment and understanding of activities for cost optimization and competitive advantages
- Generate process and cost comparisons across countries for better alignment
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Supporting Luminor
We bring expertise, a customer-centric philosophy, and a focus on innovation to everything we do.
Global Experts
SAP PaPM activity-based costing solutions development and implementation
Strategic Consulting
Focus on long-term success and a cooperative partnership
Digital Transformation
Passionate about the solution, eager to share knowledge and improve processes
Why
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Operating from offices across the globe, our expert teams help clients achieve operational efficiency and improve decision-making capabilities.
Project Delivery
As Promised
On-Time and On-Budget
Team Performance
Passion
Passionate team made success possible
Project Management
Cooperative Partnership
Reliable & Trustworthy
How can we help?
Contact us today
As a system integrator, software development partner, and managed services provider, our primary goal is to help you realize the strategies that support innovation and digital transformation throughout your operations.
