Tag Archives: Profitability

Net Profitability Analysis and Benefits for Financial Services Companies

Most companies lack visibility into the net profit contribution of their individual customers and products. Without a strong understanding of how and why every customer and product contributes to the overall profitability of the organization, decisions are made based on personal bias, miss-aligned incentives, and “gut feel”.   While often (though not always) these decisions are […]

Understand Your Customer to Understand Your Costs

Finance professionals are always focused on how much they are profiting from their customers, but only a few companies accurately report profit and loss statements for each individual customer. Why is that? If finance professionals do not have a solid understanding of the complete costs generated by each customer, it’s an impossible task. In order […]

Get the Most Out Of Your Profitability with These 4 Steps

Finance professionals want to get the best and most accurate analysis of their profitability. Without a true analysis of profitability, vital business decisions could be misguided. Here at 3C Software, we work a lot with our customers to help them get a complete picture of their company’s profits across all dimensions in order to make better […]

8 Essential Manufacturing Metrics Infographic

The sheer number of metrics to consider in manufacturing can be daunting. Knowing which matter most and how to apply them to your business is of paramount importance. In the article “28 Manufacturing Metrics that Actually Matter,” Mark Davidson identifies several of these metrics. We’ve picked the 8 most pertinent metrics for manufacturers and outlined […]

8 Essential Manufacturing Metrics

The sheer number of metrics to consider in manufacturing can be daunting. Knowing which matter most and how to apply them to your business is of paramount importance. In the article “28 Manufacturing Metrics that Actually Matter,” Mark Davidson identifies several of these metrics. We’ve picked the 8 most pertinent metrics and outlined what they […]

3C Software Makes List of Top 20 Most Promising Enterprise Software Companies

This month’s CIOReview highlights the top 20 most promising enterprise software companies, and we’re thrilled to be included in the list! Check out the interview with 3C Software President & CEO, Matthew Smith, where he discusses the importance of including a robust cost and profitability enterprise solution in your overall technology footprint. Excerpt from 3C […]

Leveraging Big Data

Is big data a challenge for your organization?  An article in the September 2013 edition of Software Magazine highlights 3C Software’s Matthew Smith in a discussion about business intelligence tools needed to handle the massive amounts of data that companies collect and analyze. From the article:  Organizations constantly analyze their data to understand and predict […]

New Article: The Cost of Poor Costing

In conversations with manufacturing companies, it’s not long before the discussion of effective costing processes turns to a chat about profitability.  Read the latest article by Andy Bigalow, “The Cost of Poor Costing“, to explore how knowing your true manufacturing costs directly affects a company’s profitability.

It’s the Cost!!!

Today I met with finance and operations managers for a manufacturing company that didn’t really understand the unique costs of each product they produce.  As a result, they weren’t really sure of the margins being created by each product and customer they serve.  The interesting part was that these very same managers were pondering whether […]