is key to organizations' ability to understand what they should focus on in the future. There are many different ways to analyze profitability, from backward looking trend analyses to predictive modelling
of the future. There are also many ways theories about how profitability should be analyzed. Profitability costing is the concept of assigning all costs incurred by a company to the various products or
relationships the organization maintains in an effort to determine which products or relationships are the most profitable.
This information can be utilized to help better position the company in the future by recognizing which types of activities are beneficial to the organization and which are not. There are many ways to
assign the costs incurred by the company to different products, relationships or services, and many of them are based on some type of driver.
While many companies consider Activities a good basis for drivers, there are many possibilities. The driver is used to allocate costs across the various products, relationships or services. Once the costs
are allocated they can be matched to revenues derived from product sales, services revenue or any type of customer relationship.
There are many types of software that allow a company to help create a Profitability Costing model. MindStream Analytics is well versed in Profitability Costing and can help your company figure out what
can best help your company create a Profitability Costing module.
How can MindStream Help You?
Headquartered in Boston, MA, and founded in 2009, MindStream Analytics is a consulting and application managed services firm dedicated to helping clients enable better decision-making. With over a decade
of experience in the analytics and enterprise performance management (EPM) space, MindStream offers customers
business intelligence and
analytics tool selection, predictive
development, real-time streaming analytics, Profitability Costing models, EPM design and delivery optimization and best practices for financial planning.
MindStream guides customers to a solution that enhances business
that enables better analysis and insight into their data. MindStream was formed by a diverse team of EPM consultants and Industry leaders with years of experience. Their combined industry expertise in
verticals such as manufacturing, consumer products, telecommunications, healthcare, financial services, and energy, brings a powerful and unique value proposition to our clients.
MindStream has a strong offering within the
on-premise and Cloud EPM space
as well as alliance partnerships with other major technology vendors. Our practice has grown from a dedicated team of professionals who have pooled resources to create a powerful network of people who
all share our collective company purpose and values. We believe that the power of technology combined with best practices will give customers the ability to make fact-based decisions to help grow their
Contact MindStream Analytics
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