Superior Customer Knowledge for Banks and Credit Unions
Only 1 out of 4 Bank and Credit Union customers are profitable – the rest, break-even or unprofitable. You will not know which is which without meeting three requirements:
- Measure each customer’s profitability with net-interest income using FTP
- Measure each customer’s costs with tools reflecting economic reality
- Extract actionable information from 1. and 2.
At Michaelis Costing Systems we
- assess the maturity of your costing and profitability systems,
- implement advanced managerial costing and profitability systems, and
- provide actional insights that impact your bottom line.
Community Banks and Credit Unions
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We assess the maturity and sophistication of your costing approaches, methodologies, practices, and systems
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We also assess the maturity and sophistication of your profitability systems in measuring what matters
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Don’t have a managerial costing or customer profitability system? We have relationships with costing and profitability vendors to make that happen!
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Don’t know what do you do with all your managerial costing and profitability data? We’ll turn this treasure trove of data into actionable insights!
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Addressing your unprofitable customers could improve the bottom line by as much as 10% to 15%
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We provide our services at a reasonable cost with minimum complexity. And we deliver results fast!
Why Michaelis Costing Systems?
- Uses advanced managerial costing and profitability principles
- Our work is customized for your institution
- We deliver results fast
- We minimize complexity, simplifying your strategic decision making
- Reasonably priced yet robust
Ready to Talk?
Book your 20 minute introductory call here with Daniel Hill: