Happy New Year, from PACE
Profitability Analytics Center of Excellence
A non-profit community of professionals helping companies use analytical models to enhance organizational value.
Welcome to the newsletter “PACE News”.?Click “Subscribe” to receive a notification and an email when we publish new articles on this channel monthly.
Become a basic member of PACE at no charge to get access to many articles, podcasts, webcasts, case studies, and eBooks. Visit www.Profitability-Analytics.org
Message from the Executive Director
2024 has arrived and we could not be more excited.
Soon, we will be revealing our new branding, announcing the availability of our new training, and publishing our new book.
We are so happy to have so many professionals, academics, students, and other followers who appreciate our content and, more importantly, contribute to the group's knowledge. We are also very grateful for our new volunteers and those that have been with us for a while as we could not accomplish all of this without you.
We are also very proud to announce the following:
Our next Profits+ Virtual Conference will be held June 20, 2024; details will be released shortly.
We are also starting a Webinar series this month, featuring guest speakers covering a wide range of topics relevant to cost and profitability management. Look for announcements on the speakers and topics shortly. These will be free for members.
Happy New Year everyone, and we wish you good health, happiness, and prosperity.
Raef Lawson
Executive Director
Telecom Profitability Webinar - January 18th at 10 am ET
Join us on January 18th at 10 am ET for a webinar to launch the PACE Telecom Profitability Interest Group!
Mark Spracklen, of CVA Solutions, will be leading PACE's Telecom Profitability Interest Group. In this session, he will be presenting his experiences as well as facilitating discussions. The interest group is free to join if you are a member of PACE (there is no cost for basic membership).
In this first webinar, we will discuss: The Advantages of using Profitability to help with Pricing
? By understanding why some customers are profitable and others are not, it is possible to better price tariffs and change customer behaviour.
? Generating more revenue and potentially reducing costs to increase profit.
Issues with Existing Models
? Most models are a static, fixed historical view of the numbers, often over a year old.
? Many Cost models have been built for regulatory needs and are often unsuitable for profitability.
领英推荐
Improving Existing Models
? Adapting existing models can be quite straightforward
? Adding a forecast future view of profitability is needed.
The objective should be to get profitability by customer. This can be used for:
? Dynamic segmentation to better target customers.
? AI, can then be used as a tool to aid analysts in the complexity of dealing with such large customer numbers.
Register here: https://lnkd.in/gzVMp6jX
Topic of the Month: Revenue Management
In this section, we will highlight a particular topic from the PACE Forum. Click the links to view each article. Free for basic members.
Podcast: Revenue Management for Financial Professionals
Apple:?https://tinyurl.com/ejz6jt5
Spotify:?https://tinyurl.com/4wkd92p4
Google:?https://tinyurl.com/3tn6bxkr
YouTube: https://youtu.be/xVlsVVZBtaI
Search for other Podcasts on our website https://www.profitability-analytics.org/pacepodcasts
If you want to see more PACE content, please check out our LinkedIn PACE Channel , website , X account (formerly known as Twitter) , and Podcasts on Spotify, Google , Apple Podcasts and YouTube.?To learn even more, read our eBooks on:
The Profitability Analytics Center of Excellence (PACE) is a?non-profit community of volunteer professionals?dedicated to helping organizations make better, more informed business decisions through the use of data analytics employing integrated, causal models.?Focusing exclusively on how to enable better managerial decision-making within organizations through the use of such models, PACE is the go-to source for people looking for independent and impartial (vendor and methodology-neutral) information in this area. Find many more articles at www.profitability-analytics.org . Become a member today (no cost for basic membership).
As they say in show biz, "Stay tuned. There's more to come."
Finance | Accounting | Tax Expert - optimizing businesses for maximum growth, valuation, & profitability.
10 个月Can't wait to read the book.
Really look forward to some high quality training on financial internal decision support that looks at business causally rather than from a standards perspective.
Founder and CEO: Analytics-Based Performance Management LLC; Expert in ABC, EPM/CPM, Profit Analysis, Budget, Analytics
10 个月This is a robust PACE Newsletter. Much interest in PACE as it grows in membership ... which is free.
President - Society of Product Cost Engineering & Analytics (SPCEA) Sr. Leader | Consultant | Board Member specializing in cost and quality optimization of electronic assemblies and semiconductors.
10 个月Happy New Year to PACE