Profitability Measurement & Analysis, A Cornerstone for Decision Making
Leveraging profitability information as a decision-making tool has become paramount in today’s unpredictable environment. Financial institutions can create a significant competitive advantage by establishing a profitability driven culture that enables people from across the organization to make profitability-based decisions. Accomplishing this requires well-defined goals, a measurement process that is understandable, defensible and maintainable, and profitability results that can be leveraged across the organization to support both tactical and strategic decisions. In this session, we touch on importance of profitability in today’s environment and some of the past challenges with profitability initiatives, before focusing on the keys to creating a profitability driven culture.