HOW TO IMPROVE BOTH EFFICIENCY AND PROFIT MARGINS WITH ACTIVITY-BASED COSTING
And How “ABC Analysis” Provides A More Detailed Understanding Of Your Business Costs
What you will learn from this free 10-page whitepaper:
Activity Based Costing systems are more accurate than traditional costing, by providing a more precise breakdown of indirect costs.
The purpose of this whitepaper is to help you understand how ABC can revitalize your business processes, by allowing you to:
- Take the guesswork out of your pricing by understanding exact costs (even those with “intangible” components)
- Explicitly identify inefficient processes for improvement.
- Create a more fiscally sound and accurate bottom line.
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Read The Case Study
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CASE STUDY: NBH BANK
(NYSE: NBHC)
Before working with Cirrus, the packaging/closing team at NBH Bank spent an average of:
- 1 hour – creating checklists and sending them to the client
- 6 hours – managing and updating checklists as the deal progressed, and
- 9 hours – renaming files to company standards.
TOTAL TIME: 16 HOURS
After working with Cirrus, this was drastically reduced:
- 45 minutes – creating a checklist and sending it off to the client, and
- < 1 hour – managing the checklist and updating them as the deal progressed
TOTAL TIME: < 2 HOURS
SAVINGS: ~15 HOURS PER FILE