Profitability analytics should not only tell a story on financial performance, but provide users credible information to write the next chapter. With the release of my new book Actionable Profitability Analytics, I have had many conversations with thought leaders and professionals discussing the use of…
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A recent Gartner report found that only 18% of business decision makers believe their company's performance data is decision ready, worse yet is only 22% of finance leaders believed it either. Finance functions are facing a credibility problem with business leaders in their organizations. Large…
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Financial Services companies around the world are being challenged to identify areas to improve expense ratios and profit margins without sacrificing customer service. In order to achieve this, they should be evaluating investment and expense management strategies that align to their profitability objectives. Our team…
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Banks are beginning to enhance the understanding of customer needs and ultimately improve profitability by leveraging local market social media data. Retail Bankers have for years completed ad-hoc analysis to determine where they should open a new Branch or sales office or conversely consolidate locations.…
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BI, or business intelligence, started out as a term that was broad and hard to define but has come to mean tools like Tableau, Qlikview, or even PowerPivot (Microsoft’s pivot tables on steroids) used to crunch big data into pretty reports or dashboards. Every industry…
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Armada releases their newest version of Acumen Cost Analytics for 2015. The latest version includes the following enhancements: New features for consolidated reporting across multiple periods and scenarios Enhanced documentation management features to handle Regulatory Cost Transfer audits Improved handling of period specific attributes and…
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There are still a few bankers who can recall a time before immediate access to data, real time transactions and 24/7 service. This was a time when banks would often ignore the impact of shared services and IT on their profitability and performance measurement. In…
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Companies interested in improving overall margins are now focusing on below-the-line cost efficiency as a means for cost improvement. Also referred to as shared services or overhead costs, these “allocated” costs represent a growing share of the overall expense base. For years, the process of…
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Armada Consulting Announces Cost Management Benchmark Survey Findings Armada Consulting is pleased to announce the completion of the inaugural Cost Management Benchmark survey for Financial Services companies. The survey achieved the objective of providing current information on the state of cost management in Financial Services…
Read more »Convenience Is Key to Increasing Bank Profits in 2013 Adapted from the American Banker 1/3/13 by Brad Anderson Have you ever caught yourself paying a $3 ATM fee to avoid driving across town to your own bank's ATM? Add up the value of your time,…
Read more »Acumen 2.0 News BROKEN ARROW – Over the past two decades, banks have taken measures to ensure they remain profitable while responding to increasingly changing market conditions, said Scott Wise, CEO of Armada Consulting. Rising costs and falling margins are driving the demand for more…
Read more »With the recent announcement from the Federal Reserve of a continued environment of low interest rates into 2015, the question of branch economics will continue to be a major focus for many financial service companies. We believe the announcement confirms our view on the sluggishness…
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