ABM - safe sustainable cost savings
Download our information on ABM - the route to safe cost savings:
ABM Paper (Zip File - right click here and save as) When you open it please select 'read only'
Activity Based Management: converting your costs into activities AND identifying the savings you need to make.
Our ABM solution is a three month programme that maps your cost-base to your activities, isolates those activities that are non value-added or discretionary, and identifies the structural or activity changes needed to achieve your cost savings.
On our last exercise, we identified the 30% cost saving that will allow one life company to stay competitive. We found the savings AND ensured that their customer proposition was protected. No brutal cuts; just clever ones.
We use our proprietary web-based system to identify the activities and identify cost savings. Once we have left your organisation PCP will leave this proprietary software behind so that you can drive your own cost reduction programmes in future.
What we will do:
- Agree the Value Chain at the heart of your business
- Agree the activities that deliver each part of your chain
- Interview your cost centre owners to understand the true time spent on each activity
- Align your cost and salary base with the agreed activities.
- Translate your wasted FTE time into individuals who can leave your business
- Analyse your results for:
(i)Activities that support delivery of your goods and services – and those that do not
(ii)Activities that are legal requirements - and those that you do out of choice - Review your full non-staff cost base for market-norms and further savings opportunities
If you would like to purchase this program as standalone software please visit: www.financial-services-systems.co.uk for more information. Alternatively please contact us.
