Financial Activity Management (FAM)

Managing financials is more than just Balance Sheets and P&Ls.  To maximize profitability,  you need to be able to create a clear picture of real costs so that you can determine strategically, how to best price each product or service. FAM models help you break down direct and indirect activities into their actual components and assigns them to the particular products or services affected.  Having a clear vision into your costs is key to ensuring your strategic path is sustainable for profitability and growth.

We arm your organization with the measures to make prudent decisions on the issues confronting it. 

Every business has cost of operation understanding those cost and how to maximize the human element of those cost is critical. FAM systems help you break down direct and indirect activities into their actual components and assigns them to the particular products or services affected.  Our team uses FAM to create a clear picture of real costs so that you can determine strategically, how to best price each product or service. We arm your organization with the measures to make prudent decisions on the issues confronting it. 

FAM Tasks & Activities

• Identify and track progress against organizational goals

• Compare performance against both internal and external standards

• Identify opportunities for  improvement

• Review the direction of the strategic activities

Tailored Financial Solutions for Your Business

In order for the workplace to compete successfully, an organization needs accurate information to make good decisions about the critical issues confronting them. FAM is a system that effectively provides that information. It reveals the profitability of customers and products, identifies opportunities for improvement, and encourages actions that meet customers’ needs in a profitable way. With FAM, processes are seen as a chain of activities that, linked together, provide value to customers. FAM collects both financial and non-financial information and plays a key role in helping to drive workplace change.

In its simplest terms, FAM is a method that breaks down direct and indirect activities into their actual components and assigns them to a particular product or service. HOLOS’ FAM system creates a clear picture of real costs and makes it possible for an organization to determine strategically, how to best price each product or service. In addition, FAM makes it possible for an organization to measure accurately the costs involved at each stage of a product’s development, the costs of modifying a product, and the cost involved in manufacturing small and large batches of different products.

FAM is a tool which:

• Identifies the activities and processes performed in producing products and offering services

• Prepares for change by developing a process view of operations

• Shows how resources are used in making/providing products

• Provides information for decision-making

FAM is NOT:

• A new accounting system for finance or payroll

• A new way to do time studies

• A solution to a problem

• A substitute for common sense