Understand where value is being created, maintained, and destroyed in every corner
View value by numerous different user-defined dimension combinations
Determine if the digital delivery channel is truly creating value and how much
Enhance current profitability and planning systems with drivers tied to benchmarks
Forecast staffing needs and cost based on projected product volumes
Determine ROI on proposed marketing promotions
Make marketing decisions to promote profitable products
Multidimensional Value Assessment
Multidimensional Value Assessment (MVA) is Kohl's flagship service. It is a significant extension of Kohl’s Product Value Assessment (PVA), the MVA takes the balance sheet product level information from the PVA and drives it down to the individual loan and deposit level. This enables users to "slice and dice" profitability using Kohl-supplied OLAP reporting or the Business Intelligence tool of their choice.
MVA is a critical tool in today's environment as executives consider potentially transformational decisions. It can show executives what is currently working (i.e., creating value) and not working in the organization. Many organizations are considering expanding their digital footprint and, MVA can show whether the current digital channel is creating the value you think it is.
With this knowledge, executives have a far better understanding of where the organization currently stands so they can make prudent decisions that enhance the good and avoid, minimize, or fix the bad. As management guru Peter Drucker and others have said, "If you can't measure it, you can't manage it."
MVA is not just a fancy new way of seeing old results. Each dimension (i.e., product, channel, credit tier, etc.) is assigned revenue and cost related to that dimension. MVA enables executives to see where value is being created or destroyed in previously immeasurable corners of the organization.
Product Value Assessment with Product Value Simulation Model
Our Product Value Assessment (PVA) provides a complete picture of the value contributed by loan and deposit products. We work closely with functional areas and data providers to create a customized product value model based on your unique operations utilizing loan, deposit, and core transaction data as well as your organization's financials. In addition, our customized Employee Cost Assessment identifies which employees are spending time on specific activities by product. This allows management to understand the employee operational costs per product. Employee costs are key as they are often half of all costs. If you don't know where employees are spending their time you can't understand what it costs to deliver your products.
We now include the Product Value Simulation Model (PVS). The PVS facilitates the development and testing of product-related strategies such as evaluation of marketing proposals and development of new products using the numbers from your previous Product Value Assessment. This tool allows you to quickly update important value information between Assessments.
Funds Transfer Pricing
Our FTP service is a detailed instrument-by-instrument analysis with multiple FTP methodologies depending on the characteristics of the loan or deposit. Our service costs a fraction of purchasing commercial software and hiring expensive analysts.
(Stand-Alone or Complimentary Solution)
Product Value SNAPSHOT
A fast, "mini" service that determines product profitability based on a combination of your financial data and standard cost information from recently completed Full Assessments in our database. It is excellent for companies that want to start small and grow into the more customized and detailed Full Assessment
Our clients have also used this Assessment as an audit to their internal profitability system.