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NextGen Cost Analytics as a Service
Business leaders need actionable cost insights to protect profitable growth amid an increasingly volatile economic climate.
The challenge
Over the last few decades, finance teams have slowly dismissed the need for robust cost analytics and aggressive cost control. This is now changing as many shifting economic dynamics are challenging finance to provide increased visibility into business cost structures:
- Only 18% of business leaders and 22% of CFO’s believe data in management reports is decision ready
- CFO’s are struggling to acquire the talent, tools, and technology to improved these capabilities and respond to increased demands for cost transparencyLack of standardization
Our solution
NextGen Cost Analytics as a Service provides businesses advanced cost analytics capabilities, leveraging leading-class technologies that generate actionable cost insights. We help you get to the heart of the credible cost insights you need with the tools to drive more profitable behaviors across your organization:
Track cost and profitability with speed and confidence
A multidimensional view of costs that empowers users to confidently make decisions that can help boost profitability
Engage business leaders on cost control
Deploy actionable analytics across the organization that engages an enterprise cost management mindset to protect profitable growth
Get the insights you need quickly
Monitor unit cost trends and confidently course-correct with valuable cost insights beyond basic expense reporting or ad hoc manual analysis
Model the cost measures that matter
Cost modeling that measures and monitors the key drivers of the economics of your business to drive continuous cost improvement opportunities
Strategic cost management
Finance needs a new playbook for strategic cost management that includes both rapid cost optimization and recurring cost control capabilities.
Strategic cost optimization
Rapidly identify no regret opportunities to bend the cost curve by optimizing the economics of the business operating model. Present a bold ambition for cost transformation from an objective outside-in, industry specific perspective
Continuous cost control
Create multidimensional cost and profitability modeling for monthly measurement of the metrics that matter most. Deliver actionable analytics that engages an enterprise cost management mindset to protect profitable growth
NextGen Cost Analytics as a Service
| Cost diagnostics | Strategic cost modeling | Enterprise engagement |
| People and org analysis | Labor activity analysis | Demand management |
| Expense growth analysis | Process cost optimization | MD profitability analytics |
| Benchmark metrics | Product unit cost analysis | Opportunity management |
Working with PwC, clients have seen measurable impacts to their business:
- 10-15% Reduction in shared services consumption
- 15-20% Reduction in controllable operating costs
- 5-10% Increase in cost efficiency
Actionable cost analytics, powered by Strategic Cost Intelligence
Insights focused, not software dependent
Simplified and streamlined cost model feature set
Engineered for today’s business complexity
“Leveraging PwC's Strategic Cost Intelligence platform KeyBank was able to increase expense transparency to be the catalyst in transforming the way LOBs view and understand their costs. The platform allowed us to apply one set of rules and methodologies across all scenarios including actuals, forecast and plan to enable consistent and transparent analysis.”
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