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Services and Products > Expense control
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Those institutions with the lowest ratio of operating expenses to assets are consistently the most profitable. Expense control is the first step to successful cost management.
Moebs $ervices has worked with institutions of all sizes in markets large and small. We have found that there are three keys to successful expense control:
- There is no expense too insignificant to monitor.
- You cannot control expenses with a poor chart of accounts.
- Expense control is for everybody—the more entrepreneurial your organization, the lower your expenses are.
But we've also found expense control to be fraught with myths:
Myth 1: Expense-to-income ratios are the best for expense control.
Myth 2: Institutions on the brink of disaster control expenses well.
Myth 3: High fees offset high expenses to increase net income.
Myth 4: Transaction accounts are “free” low-cost funds.
Myth 5: It’s more efficient to service business customers than individuals.
Moebs $ervices can help you take control of your expenses and guide your institution to a more profitable future. We provide solid strategies and real-world expense control actions through:
- Pricing Institute™ symposia
- In-house or web-based training
- Moebs $ervices custom consulting
- Our publication Expense Control: Book of Numbers
Following are some of the areas we cover:
- The current state of expense control
- Practical techniques for containing costs
- Dealing with the burden of compliance
- Price actions for expense control
- The 11 steps to implementing effective expense control
- Review of benchmarks for expense levels for institutions by industry, asset size and region
Please e-mail us at info@moebs.com or call 800-237-3317, ext. 16 to discuss how we can identify and meet your goals. Also, be sure to order the 14th edition of our comprehensive study on expenses in financial institutions, Expense Control: Book of Numbers.
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