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
real-time streaming analytics, Profitability Costing models,
EPM design and delivery optimization and best practices for
MindStream guides customers to a solution
that enhances business modeling
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 Oracle Hyperion and OneStream
Software 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 business.
Contact MindStream Analytics
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