Strategic Cost Reductions are Key to 2021 Bank Survival
The pandemic of 2020 has left us operating in uncharted territory filled with market uncertainty, compressed interest margins, and looming credit defaults on the horizon. Effective cost control is going to be key in 2021 to address budget shortfalls and ensure long term viability for banks. Since 2008 banks have cut expenses using traditional tactics and brought pre-pandemic efficiency ratios to historic lows. With normal avenues of tactical expense reduction tapped out, banks are looking at activity-based cost modeling to find new insights that lead to strategic cost control. In this webinar, Scott Wise, author of Actionable Profitability Analytics discusses the fundamentals of activity-based costing and the areas of opportunity to apply it effectively to rebound in 2021.
Founder and CEO, Armada Consulting
Scott Wise is founder and CEO of Armada Consulting. His areas of professional practice include strategic cost management, multidimensional profitability and business analytics, applied to the objectives of reducing costs, maximizing profitability and improving efficiency. Scott has over 20 years experience developing and deploying performance and profitability systems for some of the world’s premier corporations. His demonstrated knowledge of both methodology and technology combined with a collaborative consulting approach have enabled him to become a trusted advisor to executives at several Fortune 500 companies. Prior to founding Armada he held similar leadership positions in consulting and financial services industries. This summer he has a new book coming out entitled Actionable Profitability Analytics.
Registration to the live session includes:
- One online connection
- CPE credit for registrant
- Permission to reproduce the handouts and other written material for additional attendees at your location
Only registered attendees of the live session can obtain CPE credit. Attendees of FMS live webinars also receive two views of the On-Demand version of the program they attend. Use this bonus feature to share the program with colleagues or as a refresher at a later date. Instructions for viewing the on-demand session will be emailed to you at the conclusion of the live event.
|| Earn up to 1 hour of CPE credit
- Level: Basic
- Prerequisites: None
- Advance preparation: None
- Field of Study: Finance -Technical
- Instructional Method: Group Internet Based
- Length: 60 minutes
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