Net Margin Calculation

Solutions for calculating Net Margin
The challenge, insurance sector:

 

'I don't think you'll be able to help but, just in case, here's my challenge - we have a process to calculate net margin that takes one of our finance analysts 19 days out of every month. We've tried 3 times over the years to automate it. Can you suggest anything?'

The solution:

This was tricky, but we eventually solved this one, using the "management by exception" technique. A lot of detailed financial and business analysis was required but now most of the process is automatic, and the analyst only has to deal with those transactions that the automated process can't. It now takes 2 days work! It wasn't easy to sort out but they were "very impressed with our tenacity and creativity".

 

Net Margin Calculation

 

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    Eximium Challenge Rules:

    1. We may need more information from you before we can commit to go ahead with your challenge.

    2. We reserve the right not to take your challenge on, if we really don’t think we can help.

    3. We may need to charge you for some of the work but we would refund all those monies, if you decide that we have not improved the situation for you.

    4. If you opt for the refund option, we will remove anything we have done, and ask you to return any documentation. Of course, we will ensure that your systems and processes are returned to their original state.

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