Case study: Cost Traceability
Contecon Manzanillo SA de CV
“Thanks to the support and training of the MyABCM team, in 3 months we were able to implement the cost model for our terminal, determine the drivers to transfer the cost from our balance to the activities and from these, to each of the Cost Objects that we had determined, always being able to have excellent traceability of all information.”
CONTECON MANZANILLO, S.A DE C.V, is a Subsidiary of ICTSI (International Container Terminal Services, Inc.), a Filipino company founded in 1987. ICTSI has a presence around the world with 32 terminals; Africa, Asia, Europe and America. In America, ICTSI has terminals in: Ecuador, Brazil, Mexico, Honduras, Colombia and Argentina.
Port Services currently face greater competition and greater pressure to have good levels of profitability, so, not only an income statement is necessary; it’s necessary to have a process of cost management based on activities, where the actions of the entire organization are always aligned to the strategic aspects and profitability of the business; That’s why CONTECON MANZANILLO needed a tool to help us determine the profitability of each one of our maneuvers.
Various tools in the market were analyzed and, of all those studied, the one that satisfied all the needs that the company required was the MyABCM tool for the following reasons:
• Best Cost/Benefit
• Agility in the calculations
• Excellent cost traceability
• Ease of charging Expenses and Drivers
• Very good driver display
• Easy elaboration of cubes and Dashboard
Currently, MyABCM has helped us determine the profitability for each of the services provided by our company, with the detail that we want and with excellent traceability of all costs, as well as its drivers.