ABCosting Vs. Conventional Accounting

by | Jan 22, 2020 | Costing

Contrary to common belief, Conventional Accounting is not the reporting tool managers need for better decision making. It is merely a transaccional methodology while ABCosting is the perfect analytical tool for cost control and profitability analysis.

WE FACILITATE

Revenue Growth

By combining different practices and tools, your company can identify growth opportunities faster and discard factors that don’t add growth.

Increased Profitability

Increase your organization’s profitability by identifying profitable and unprofitable customers, products, services, etc. and making the required changes.

Performance Management

We work with your teams to have them buy-in into measuring performance for process improvement and setting relevant strategic growth objectives.

Costs Reduction

Our customers use TMS to get instant reports on cost allocations so they can easily identify cost reduction opportunities and maximize resources.

Complexity Reduction

In a complex world, reducing products and services complexity can push your company to become the industry leader and grow your loyal clientele.

Better Margins

Get better margins by making better management decisions. Sixtina will help you obtain detailed, timely and accurate data to make better everyday decisions.

Long-Term Results

Although short-term earnings are important for shareholders, long-term success is important for all stakeholders. Sixtina focuses on achieving the latter.

Innovation Opportunities

With an outside perspective, Sixtina will help your organization identify innovation opportunities to improve in ways not known before and improve market share.

Continuous Improvement

The key for achieving sustained continuous improvement is to get the right information to the right team at the right time. We help you get there.

SOLUTIONS

Cost & Profitability Management

Get useful information by evaluating overhead costs, analyzing customer and product profitability to achieve better margins and improve the bottom line.

Strategy Management

Execute strategies, keep track of continuous improvement efforts, and visualize all objectives instantly to improve your organization’s performance.

Business Intelligence

Visually analyze Big Data for new insights, get accurate and timely reports, and communicate effectively throughout the organization for maximum impact.

RELATED ARTICLES

How to lower Costs without losing Value

The real crisis is in the destruction of Value that unfounded radical measures and layoffs generate. On the long term the organization will take many years to recover the lost Value, if they recover at all, concluding that it was not a wise decision.

ABCosting and ERP Systems

Enterprise Resource Planning (ERP) systems are essential to properly administre manufacturing type of organizations. ABCosting systems can use the same operational information an interpret it from the financial perspective.

Return on Investment (ROI) For ABC/M Projects

One of the questions managers ask when deciding for a ABC/M implementation is, what is the ROI on an ABC/M Project? In other words: How much is this going to cost? Does it fit in with the budget? When are we going to see results? When are we going to recover the...

ABCosting Vs. Conventional Accounting

Contrary to common belief, Conventional Accounting is not the reporting tool managers need for better decision making. It is merely a transaccional methodology while ABCosting is the perfect analytical tool for cost control and profitability analysis. ABCosting Vs....
ABCosting

Introduction to ABCosting / ABManagement

Conventional accounting was created more than 50 years ago. ABCosting was created with a practical approach to cost analysis for internal management.

Pin It on Pinterest

Share This