A TRANSACTION COST APPROACH

DIGITAL SOLUTIONS FOR REAL-TIME PERFORMANCE MANAGEMENT

PERFORMANCE ARCHITECTURE

Challenges

Performance is measured too often at the end of the process
  • Obsolescence and inadequacy of existing methodologies in creating relevant performance systems for businesses
  • Performance is centered around financial KPIs, available post-factum, therefore useless for timely interventions
  • Mechanisms for real time monitoring and correction are missing from present methodologies
  • The idea of understanding performance in relationship with transaction costs dimensions is not used at all, so far.

Solution

Process digitalization to identify & correct problems in real-time and prevent negative effects upsurges.

Axiobit Limited has developed a consulting product that can be customized and thought for every industry: retail, banking, health, manufacturing, etc. It is based on the methodology of convergence and on a specific understanding of the transaction costs. The main scope is to find a digital mechanism for decreasing the transaction costs (costs associated with enforcement and monitoring).

The performance architecture solution is an original approach developed by the consultants from Axiobit. It aims to create a digital support for analyzing and improving the operational performance in real time, more precisely, by providing the possibility to take action in an ongoing process, at the time and the place of value creation or cost incurring, before the undesired effects take place (opportunity or revenue loss, unjustified costs etc.).

Impact

Effective performance system & higher profitability
  • Improving performance understanding by operational managers
  • Applied framework for real time reaction
  • Optimized size and structure of costs
  • Enhanced EBITDA
  • Structural understanding of growth.