Armada, IBM and Fifth Third Bank host webinar on Profitability Analytics

Financial Services companies around the world are being challenged to identify areas to improve expense ratios and profit margins without sacrificing customer service.  In order to achieve this, they should be evaluating investment and expense management strategies that align to their profitability objectives. Our team challenges you to look at how your organization is measuring…

How social media data impacts Retail Bank profitability

Banks are beginning to enhance the understanding of customer needs and ultimately improve profitability by leveraging local market social media data. Retail Bankers have for years completed ad-hoc analysis to determine where they should open a new Branch or sales office or conversely consolidate locations.  They typically worked with their colleague in marketing who assisted…

Armada releases Acumen Cost Analytics 2015

Armada releases their newest version of Acumen Cost Analytics for 2015.  The latest version includes the following enhancements: New features for consolidated reporting across multiple periods and scenarios Enhanced documentation management features to handle Regulatory Cost Transfer audits Improved handling of period specific attributes and dimensions Better user interface for model creation and maintenance Micah…

Activity Based Costing: Below-the-Line becomes top of mind for cost improvement

Companies interested in improving overall margins are now focusing on below-the-line cost efficiency as a means for cost improvement. Also referred to as shared services or overhead costs, these “allocated” costs represent a growing share of the overall expense base. For years, the process of simply allocating these costs to the revenue generating functions of…

Armada Consulting Announces Cost Management Benchmark Survey Findings

Armada Consulting Announces Cost Management Benchmark Survey Findings Armada Consulting is pleased to announce the completion of the inaugural Cost Management Benchmark survey for Financial Services companies.  The survey achieved the objective of providing current information on the state of cost management in Financial Services companies representing a cross section of participants including commercial banks,…

Cost Management: Recent Federal Action Makes Understanding Branch Economics Critical

With the recent announcement from the Federal Reserve of a continued environment of low interest rates into 2015, the question of branch economics will continue to be a major focus for many financial service companies. We believe the announcement confirms our view on the sluggishness of the recovery and also the challenges in the business…