CostPerform Financial Services
Understand your costs and boost bottomline profitability
CostPerform is the ideal solution for bringing cost insights and guiding management insights for banks and financial services organizations.
Gain access to industry-leading solutions with unrivalled capabilities. Benefit from cost allocation, profitability analysis, and performance optimization.
CostPerform’s Standalone Software, engineered with the Financial Services sector in mind.
CostPerform has 20+ years experience working with global organizations across banking, insurance and capital markets. CostPerform’s software is backed by our team of experts, with a focus on:
- Product/Customer Profitability: Quickly and systematically identify value leakage. Analyze finances by branch, department, or product.
- Flexibility and Integration: CostPerform plugs directly into major data inputs (LIV, ADV, RDS etc.) and popular data visualizations tools, Tableau, PowerBI etc.
- Precision in Financial Data: CostPerform’s software is built to support financial regulatory compliance and taxation calculations.
- Cost Insights and Breakdowns: Drill down to determine profitability by branch, by product, or even by customer account. CostPerform allows for a detailed understanding of your business.
- Efficiency and Speed: Accelerate your processes with tools that streamline data collection, modeling, and reporting.
Equip your business with the tools it needs to succeed. Explore how CostPerform can transform cost and profitability management.
Why CostPerform?
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Diverse, Worldwide Client Base
Join leading financial institutions across Europe, the United States, and Asia using CostPerform to gain financial insights. -
Funds Transfer Pricing & IFRS Reporting
Handle complex Funds Transfer Pricing (FTP) with precision, streamline IFRS cost reporting, and ensure compliance with advanced cost modeling. -
Profitability Focus
CostPerform's software brings a demonstrable ROI. With a quick time-to-value, and powerful capabilities to understand bottom-line profitability. -
Industry Standard in Financial Services
CostPerform is used by 150+ major global organizations such as Texas Capital Bank, Groupama and Aegon to boost their revenue and profitability. -
Structured Implementation
We use our experience to seamlessly guide you through your software implementation, quickly bringing you to value with your new solution.
4.8/5 (5 ratings)
on Gartner Peer Insights
as of July 2024
Trusted by 150+ leading global organizations:
CostPerform is an absolute game changer. Not only does it offer unparalleled cost transparency for our clients, but it also facilitates crucial financial sustainability conversations between Finance, Technology, Operations, and the Service Delivery aspects of any organisation.
– Mahmoud Ashmawy, OnPoint Advisory
How CostPerform Helps
Financial Services Companies Worldwide
See the impact of a new initiative, quickly forecasted with ease
Visualize reports on several levels: per account, per product, etc.
Turn data to information, crucial for management insight
Ease and transparency of monitoring total organizational costs
How Finance uses CostPerform
Working with CostPerform means working with advanced tools and methodologies to handle any cost allocation method with ease. Our platform ensures precision in financial data, provides actionable insights, and accelerates processes through efficient data collection, modeling, and reporting. Here’s how CostPerform transforms your cost and profitability management:
Texas Capital Bank
Established and headquartered in Dallas, Texas Capital Bank (TCB) specializes in commercial banking, wealth management, and treasury services. They integrated CostPerform to bring transparency to their financial operations. They now track their profitability by department with their CostPerform Expert subscription.
Read more about Texas Capital Bank »
National Bank of Belgium
Belgium’s privately owned central bank uses CostPerform with a focus on regulatory compliance and reciprocal cost allocations. The bank operates under stringent regulations to deliver high quality reports to the European Central Bank. The NBB blended an off-the-shelf version of CostPerform with their bespoke requirements, to create a long-term sustainable and automated system to manage its reports and understand costs.
Product / Customer Profitability
Quickly and systematically identify value leakage across your organization. With CostPerform, you can gain a clear understanding of the true cost to serve for each of your accounts, and analyze the underlying profitability of their products, enabling informed decisions to optimize profitability.
Regulatory Reporting
CostPerform aids in producing regulatory financial statements with confidence and accuracy. CostPerform ensures compliance by providing a transparent evaluation and analysis process. This enables meeting regulatory deadlines efficiently and maintain stakeholder trust through reliable reporting.
Budgeting and Forecasting
Integrating CostPerform into your existing budgeting and forecasting processes enables a more accurate financial outlook. Our platform supports detailed planning and continuous monitoring, enabling adjustments based on real-time data and improving financial performance.
Special Projects
The most flexible costing tool on the market. Conduct thorough financial analysis of lean initiatives or other on-off projects. Use specific scenario analyses to measure the effects of a new project or improvement initiative. CostPerform helps validate the financial viability and impact of strategic decisions.
Scenario Analysis
Run comprehensive scenarios and impact analyses to prepare for market fluctuations. CostPerform allows for seamless adjustments and tracking of methodology changes, providing a robust toolset for forecasting and strategic planning. You can anticipate market returns and make proactive adjustments to your strategies.
Allocation/Transfer Charges
CostPerform can manage fair and transparent allocation of internal transfer charges across your organization. CostPerform’s tools facilitate precise cost distribution, enhancing internal accountability and financial clarity. Streamline the process to improve operational efficiency and reduce conflicts.
Everything Else
Leverage the flexibility of CostPerform for a wide range of applications beyond standard use cases. From calculating costing in terms of a CO2 budget, to indirect tax calculations, or personal bonus evaluations, our tools adapt to meet diverse needs. We are trusted by leading companies in insurance, banking, and fintech for our reliability and accuracy.
Empower Your Organization today. Read our Texas Capital Bank case study
In this case study, read about:
- Transfer Pricing and Intercompany Charging in Banking and Financial Services
- Future-proofed Cost Modelling with Multi-Dimensional Profitability
- How TCB gained profit insight per customer and per account
- Identifying sources of revenue and drains across the business
