Luminor Bank 
CUSTOMER STORY

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 PaPM activity-based costing solutions
  • Passionate about the solution, eager to share knowledge and improve processes
  • Focus on long-term success and a cooperative partnership

 

luminor wordmark dark burgundy

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

For more information on this customer story, please contact Christoph Papenfuss