Activity-based Costing with SAP Profitability and Performance Management (PaPM)
- Luminor Bank needed an activity-based costing solution that captured all costs in all dimensions, to improve decision-making with complete transparency
Project Details
Challenges
- Current 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
Solutions
SAP Profitability and Performance Management:
- 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
Benefits
- Transparency in analyzing complex cost allocation and tracing results back to cost origin
- Allows for efficient assessment and understanding of activities for cost optimization and competitive advantages
- Generate process and cost comparisons across countries for better alignment
Why msg global
- Global experts in developing and implementing SAP Profitability and Performance Management activity-based costing solutions
- Passionate about the solution, eager to share knowledge and improve processes
- Focus on long-term success and a cooperative partnership
As Promised
Project Delivered
On Time and On Budget
Passion
Passionate team made
success possible
Cooperative Partnership
Reliable and Trustworthy
"Activity-based costing model was required by Luminor’s executive management team to gain detailed cost transparency in granular dimensions, including product and segment.
We appreciate msg global’s support in delivering a high quality project with a challenging timeframe.”
Statement from Rait Maasikas, Head of Performance Management & Insight Department
Company
Luminor Bank AS,
the third-largest retail bank in the Baltics
Headquarters
Tallinn, Estonia
Industry
Banking
Products and Services
Retail and Wholesale Banking Products
Employees
3,000
Web Site
www.luminor.ee
