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Event Date Tue May 4 EDT (over 1 year ago)
Location Webinar
Region Americas

Leveraging profitability information as a decision-making tool has become paramount in today’s unpredictable environment. Financial institutions can create a significant competitive advantage by establishing a profitability driven culture that enables people from across the organization to make profitability-based decisions. Accomplishing this requires well-defined goals, a measurement process that is understandable, defensible and maintainable, and profitability results that can be leveraged across the organization to support both tactical and strategic decisions. In this session, we touch on importance of profitability in today’s environment and some of the past challenges with profitability initiatives, before focusing on the keys to creating a profitability driven culture.

Profitability initiative challenges

Creating a profitability driven culture
• Start with the end in mind
Understand how the results will be used before you start
• Profitability measurement must be defensible
Consistency and accuracy are key (instrument level and all components of profit)
• Profitability as a comparative tool
The importance of risk-adjusted profitability