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Banking Industry Myths, Part 2

 

The customer profitability management system at one mid-sized credit union provided a look at the Banking Industry’s Rule of Thumb that the more financial products (accounts) owned by a customer the more profitable is that customer.  See Alta Via’s blog Banking Industry Myths, Part 1.

In the prior blog, we showed that…

Banking Industry Myths, Part 1

Banking Industry Myths, Part 1

 Over the years practitioners in the Banking industry have developed Rules of Thumb to guide their everyday decisions.  These Rules of Thumb were based on general observations, anecdotal evidence, and high-level averaged financial…

The Divide Between the Shop Floor and Finance

The Frustration and Divide Between the Shop Floor and Finance

There is a far more intractable problem with the information finance produces: it leads to incorrect (i.e., suboptimal) operational decisions. Even if the information finance provides was available in real-time to decision makers on the shop floor, the disconnect…

Lean Six Sigma Air Traffic Control

Look at your approach

Continuous improvement approaches such as Lean Six Sigma have been around for decades.  Many organizations have used Lean Six Sigma to realize remarkable cost savings and profits. Just recently, many companies are now realizing that Six Sigma statistical tools can be used to analyze their Big Data opportunities and achieve even more benefits from their Lean Six Sigma…

Is your Management Accounting function ready for SAP S/4HANA? Part 3 of 3: Central Finance – the S/4HANA Enabler

(This article by Todd Simon was originally posted here on LinkedIn and is posted with the author's permission)

S/4Hana represents a tremendous leap forward in performance and functionality in the ERP space. From a Controlling standpoint, little has been written…

Is your Management Accounting function ready for SAP S/4HANA? Part 2 of 3: S/4HANA - Implications for the Management Accounting cycle

(This article by Todd Simon was originally posted here on LinkedIn and is posted with the author's permission)

S/4HANA represents a tremendous leap forward in performance and functionality in the ERP space. From a Controlling standpoint, little has…

Pension and Asset Management coming to Alta Via

With our new Pension and Asset Management practice, Alta Via is bringing its managerial cost accounting expertise into the pension industry, providing funds with the tools they need to understand their costs and the cause and effect relationships behind them, guiding them on the path to increased operational efficiency.

Pension funds, in the US, often referred to as retirement systems,…

Is your Management Accounting function ready for SAP S/4HANA?

(This article by Todd Simon was originally posted here on LinkedIn and is posted with the author's permission)

Part 0: What to expect.

S/4Hana represents a tremendous leap forward in performance and functionality in the ERP space. From a Controlling…

Organizational Agility, the key to survival in a competitive world

Over the Memorial Day weekend, I was surfing the web and happened upon a fantastic research paper written by the Economist Intelligence Unit (EIU).  The article is titled: Organisational Agility: How business can survive and thrive in turbulent times. In 2009, The EIU conducted a survey of 349 executives around the world on the benefits, challenges, and risks associated…

Adaptive Leadership at Work

Recently the Chicago Tribune published a very interesting article about the corporate culture at Kraft Heinz which is Headquartered in Chicago and Pittsburgh and as stated in the article, “[Kraft Heinz] is one of the most ambitious and polarizing companies in the American food industry. Kraft Heinz is backed by Warren Buffet’s Berkshire Hathaway and Brazilian private equity company 3G Capital which…

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