Cost & performance software for finance companies worldwide
From insurance companies and merchant banks to central banks: CostPerform is used by more than 25 financial institutions to determine profitability, report to regulators and to simulate future business models.
A private bank with several branches in Europe and Asia selected CostPerform in order to calculate customer margin. In 2009, the bank started to specify their required ABC model. The bank understood that many activities depend on other activities. Our software was selected because of the ultimate flexibility, and the ability to handle activity to activity cause and effect relationships. The final cost model provides a precise income-cost-margin analysis model. Each month the bank updates the cost model (automatically) and reports margin on several levels of detail, for example: per customer, per sales manager, or per client group.
Several cost models for new financial insights
Experience what the flexibility can improve
A Dutch-based health insurance company uses CostPerform to monitor and reduce the costs of their insurance policies handling the process. Every period they determine profit and loss per policy and base their long-run strategy partly on the information coming out of CostPerform. A Dutch-based pension fund processor uses CostPerform to quote and forecast the effects of new business on their current performance. This company was able to quickly modify their IT-system to handle client specific pension issues for new clients at low costs. Both companies experienced flexibility in CostPerform.
How CostPerform helps
See cause and effect relationships with the CostPerform calculations
Make reports on several levers: per client, per sales manager, et cetera
Collect data for exclusive analysis on where to improve the performance
The software monitors and reduces the costs whenever it is possible
Discover what CostPerform can do for your organization
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