Analysis conducted on the Top 100 US Credit Unions revealed an $820 Million cost improvement opportunity for more than 40 institutions. The study was based on 2014 annual credit union call reporting data across the Top 100 Credit Unions based on asset size. Total Non-Interest…
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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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Tulsa, OK (PRWEB) July 28, 2014 Armada Consulting, a national cost management consulting firm, announced today the launch of a software business division aimed at delivering cost and profitability analytics into any organization. The company's initial software offering is Acumen Cost Analytics, an enterprise-scale activity…
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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…
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Achieving Strategic Cost Management for Profitable Growth Market challenges driving increased need for cost analytics As economic uncertainty continues to drive demand for advanced cost analytics, Finance is now faced with the challenge of providing front line management with detailed business analytics that will enable…
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…
Read more »In our focus of assisting companies to make better business decisions, it has become apparent that every few years the focus in financial services is centered on the merits of branches as effective sales and service platforms. In our experience, this same discussion around the…
Read more »Strategic cost management has become a hot topic given the continued economic concerns and pressures on corporate earnings. By now, most companies have done the basics to help drive expenses out of their businesses such as reducing staff, outsourcing, rationalizing capital projects and improving procurement.…
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