Maximizing Efficiency Through Cost Control

TCT provides an innovative Activity-Based Cost Accounting System designed specifically for credit unions. Activity-Based Cost Accounting is a system that analyzes the activities of all departments within your credit union in order to provide focused information and improve strategic decision making. The primary objectives of ABC are to:

• Assess why costs are incurred rather than how much is incurred;
• Form a basis for controlling costs by monitoring underlying causes; and
• Align costs with activities in order to improve efficiency product/service pricing.

ABC CU ™ ; is a tool you can use to bring about significant changes in expenditure patterns, operational processes, overhead activities, and organizational structure. It provides you will specific measurable benefits such as:

• Helping you address the real issues of how and why costs are incurred, not simply recording the expenditure and allocating it arbitrarily to cost centers or products;
• Providing a different dimension to cost information to focus management’s attention on the underlying factors of credit union operations; and
• Significantly improving efficiency and profitability, and enhancing value.