Acumen now goes beyond being a major differentiator in our consulting offering to being a stand-alone product clients can continue to leverage
Tulsa Okla. (PRWEB) November 12, 2012
Armada Consulting is pleased to announce the release of Acumen 2.0, which is a major upgrade to its popular Acumen cost analytics software. This upgrade helps support the Armada vision to deliver improved performance management by rapidly delivering strategic cost management capabilities to their clients. With the latest release, Armada delivers an improved user interface that allows users to model costs in less time. The software also leverages an improved calculation engine that can process cost fact data across the enterprise up to ten times faster than previous versions.
"Rising costs and falling margins are driving the demand for more detailed cost information than traditional financial systems can provide. Acumen 2.0 provides clients with a deeper set of cost analytics to drive improvement, establish cost controls and better understand the economics of their business," said Armada Director of Enterprise Solutions Micah Campbell. “This release of Acumen represents a true collaboration with our clients as they provided great feedback and recommended enhancements for improving the product while implementing the software."
Acumen 2.0 provides users with the capability to expand activity based cost modeling efforts to align expenses with revenue sources across multiple dimensions of organization, product, customer and channel. This capability provides stakeholders a deeper set of analytics to improve profitability through better pricing, improved efficiency, or identification and reduction in unnecessary expenses. The flexibility of the software supports various modeling approaches, including the popular time-driven activity based costing, while still maintaining a fully absorbed view of costs that reconciles to financial accounting measures of performance.
"Costs should be the most controllable part of the profit equation," said Armada CEO Scott Wise. "Using Acumen 2.0, our clients can accelerate their strategic cost management initiatives and respond quickly to changes in the economic environment to optimize profitability. With the latest improvements, Acumen now goes beyond being a major differentiator in our consulting offering to being a stand-alone product clients can continue to leverage long after our consulting engagement ends.”
Acumen software has been licensed and used in several major financial services companies, and Armada looks to expand beyond their concentration in Financial Services to other industries.
Armada Consulting has seen the current economic environment significantly increase the demand for improved cost analytics and establishment of robust strategic cost management programs. The company offers performance management, activity based costing, process improvement and business intelligence solutions to drive better business decisions and improve financial performance.
“Given the increased demand for cost and profitability analytics, we are excited to expand our software development efforts and are already making a significant investment in our Acumen 3.0 release for 2013," Wise added.