“We often have to participate in proposals for huge accounts. Time is spent by people like salesmen, lawyers, even the CEO. With Gauss – Profit we can get the exact costs of making every proposal.”

Jorge Romero - ABC Consultant for FiduOccidente

Sixty percent of FiduOccidente Trust Company's costs and expenses are specialized labor costs. The company needed to accurately assign all these expenses to every product and customer in order to make strategic decisions and product improvements based on this information. “We needed to know which customers and products were profitable and which were not,” said Luis Eduardo Arbeláez, FiduOccidente CEO.

FiduOccidente declared the project to find the right Activity Based Costing to be so strategic that the CEO - Luis Eduardo Arbelaez - headed up the project. Their RFP included accurate and detailed results and fast implementation times. Jorge Romero, an experienced ABC consultant, was hired to help with software selection and implementation.

FiduOccidente selected GaussSoft Profit and Cost over five other competitors because Gauss – Profit was the only RFP respondent who offered FiduOccidente what they wanted: the ability to know exactly how much time is spent by each of their high-level personnel on every activity of every process. The model is maintained with very little effort: every user can report his daily or weekly activities in less than two minutes a day with a customizable layout.

“[GaussSoft Profit] is a powerful management tool that allows us to evaluate, measure, and eliminate processes that do not add value to the company.”

Ana Lucia Escobar – Planning Director

Suleasing (www.suleasing.com), a leasing company, has used GaussSoft Profit and Cost for almost 10 years to determine the true costs of their products and services and to improve planning and efficiency.