We Help Banks and Credit Unions Identify and Resolve Their Most Unprofitable Customers
We will identify a bank or credit union’s most unprofitable customers (bottom decile) that are robbing the bottom line by at least 10%. As a result, you will know the markers of unprofitable customers, fix them, and avoid them in the future. Conversely, you will also know the markers of the most profitable customers, retain them, and get more of them.
Banks and Credit Unions with Assets of $5 Billion or Less
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We help banks and credit unions discover the true (not GAAP-based) profitability of their customers, products, and channels
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Our sweet spot is banks and credit unions with assets of $5 billion or less, but we will work with institutions up to $10 billion
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We do this at a reasonable cost with minimum complexity and we get to results fast!
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Knowing which customers are most unprofitable, and why, provides opportunities to transition them to break-even
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Knowing which customers are most profitable, and why, provides opportunities to retain them and attract more of them
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Improve the bottom line by as much as 10%, probably more
Why Michaelis Costing Systems?
- Uses an advanced managerial costing approach
- Inexpensive yet robust
- Keeps it Simple – 80/20
- Customized for your institution
- Gets to results fast (12 weeks!)
Who will you be working with?
I founded Michaelis Costing Systems, LLC, after 20 years in the advanced managerial costing, performance management, and customer profitability space. I have implemented over a dozen advanced managerial costing information systems for banks and credit unions, acquiring strong technical and IT skills. I hold the CMA and CFM management accounting certifications, as well as an MBA from George Mason University. I am also a Certified Partner of MyABCM software for both the Express and Corporate products.
Ready to Talk?
Book your 45 minute discovery call here!