Michaelis Costing Systems, LLC, helps institutions identify and grow their most profitable customers, products, and channels using a solid foundation in advanced costing methods, profitability optimization, analytical techniques, problem solving, and technology improving corporate performance.
Most companies have a problem – a shortage of profitable customers. Research confirms only 20% - 30% of a company’s customers are profitable, the remainder break-even (30% - 60%) or unprofitable (10% - 20%), with some of those very unprofitable. Large companies have discovered this through advanced managerial accounting techniques, which provide them with valuable insights into their customers, products, and channels. But these insights come at a cost, a cost that is difficult for small to medium size businesses to absorb.
Michaelis Costing Systems was established to assist the small to medium size business owner understand the causal-based profitability of their customers, products, and channels at a reasonable cost with minimum complexity. Understanding which customers are profitable, and which are not, and why, provides opportunities to improve the bottom line by as much as 10% to 15%. Reach out to info@michaeliscosting.com for more information.
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