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Operational Efficiency

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Financial institutions have introduced large cost cutting programs in recent years to counteract losses from troubled loans and falling asset values. Many studies suggest these programs fail to deliver results in the short term. While it may be too soon to tell, it appears some of these initiatives will actually worsen the situation in the medium term. Most frequently, headcount is reduced, but existing inefficient workflows and quick hit expense reductions are often left intact. A permanent culture change is required to ensure long term operational efficiency and to maintain an operation that runs as efficiently as possible.

Operational efficiency is the ratio between the input to run a business operation and the output realized from the operation. When operational efficiency improves, the output/input ratio improves.

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Three Types of Operational Efficiency

Same for Less • More for the Same • Even More for More

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PROFIT INSIGHT® expense reduction programs result in all types of operational efficiency. PROFIT INSIGHT® analysts utilizes their deep intellectual capital and best in class examples gathered from years of delivering revenue and expense savings. identifying significant expense reduction opportunities. Our innovative recovery auditing and risk assessment services and solutions provide the only comprehensive “procure to pay” audit solution in the marketplace today.

PROFIT INSIGHT® will:

  • Review all areas of operations generating significant expenses
  • Where appropriate, conduct detailed audits to identify contract issues or vendor shortfalls
  • Provide detailed expense savings recommendations along with quantifying the impact
  • Suggest process improvement opportunities to prevent inefficiencies from reappearing
  • Ensure KPI are captured and applied to monitor and drive performance

PROFIT INSIGHT® helps any business initiate, operate and maintain operational efficiency through every phase of a maturing expense reduction culture. From short term reductions, to long term continuous improvements, PROFIT INSIGHT® is the right choice for maintaining highly efficient business operations.

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Six Phases in the Expense Reduction Culture

Awareness • Accountability • Controlled Processes • Tracking • Systems • Environment

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