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