Business Challenges

• Create cost transparency
• Create insight in costs by building a cost model that reflects the reality within the value chains
• Keep the business aligned. The business in this case can be seen as the product managers at the Retail and Wholesale client segments. It was very important for this project to keep the business aligned as they have to accept the costs per product that is being produced by the cost models
   

Our solution

• The underlying principle of this project is Activity Based Costing since this is the best way to allocate both direct and indirect costs
• Atos Consulting provided the knowledge and experience in building the cost models together with the departments at the bank
• A critical success factor in the approach was the value chain process mapping in workshops
   

The results

• Validated cost models

• Costs per product and segment
• Cost management processes embedded in P&C cycle
• Specific reporting packs for different entities within the Bank