At the 2018 Modern Finance Experience in New York, Christopher Ayotte from Asurion and Brian Deegan from Peloton Group presented a compelling session about Asurion's allocations and costing journey. What's so exciting about this? Well, if you are using spreadsheets and are determined to stick with them-probably nothing. But, if you want to transform your business, there is plenty to get excited about.
I asked Ayotte what excites his management the most in costing and allocations and his answer was very concise: "Transparency. Having that common language of source and destination, which everyone can understand and use, so that there is no doubt of where costs go."
In today's business world, you might think that transparency would be a given. Unfortunately, with the number of organizations still using yesterday's technology, this is often not the case.