Profitability Analysis, Cost Management and Cost Accounting
Examining the key drivers of profitability.
Taking an organization to top-tier performance requires digging into the drivers of profitability to determine why operating margins aren't up to par and what adjustments are necessary to bring about improvement.
We frequently work with organizations preparing for a future sale and with management following an acquisition or management change, helping them make improvements that will have positive effects on their bottom lines.
McGladrey performance improvement consultants can help you:
- Assess ways to improve your profitability by reducing costs and expanding revenue
- Examine your organization's cost accounting and activity-based costing (ABC) capabilities, including analysis of product and customer-level profitability
- Analyze your organization's spending patterns with vendors and suppliers to determine specific tactics for cost savings throughout the supply chain
Identifying root-cause drivers of financial performance
Our consultants help you hone in on what will really drive profitability and improvement. Taking a fresh, strategic look at pricing, helping you get a handle on the total cost of your products/services and their delivery and support. We analyze certain customers and help you rationalize your product line and/or services. Those are just some of the areas where opportunity exists.
The right combination of specialized knowledge
Our team includes Certified Management Accountants with deep experience in cost accounting across numerous industries, from government, the public sector and not-for-profits to manufacturing, banking and financial services. And we're knowledgeable about spend analytics and strategies for driving cost efficiency in all parts of the supply chain.
McGladrey. When you want to understand what truly drives profitability at your organization.
