F.E. DiBacco, Inc. is a 35-year-old company that helps organizations reduce bank fees through a proprietary fee analysis process. They analyze all bank fees and product costs, identify opportunities to lower costs, and are paid a contingency fee based on client savings. Their five-step review process uses patented software to provide an in-depth analysis of all bank fees while minimizing client staff involvement. Bank fees are increasing as bank earnings shift from interest to fees, making DiBacco's specialized fee reduction services increasingly valuable for organizations.
What to do at financial year end. This presentation was done in 2012, but very little has changed in regards to the requirements to complete a successful year end.
Conduct, record & analyse Internal Process Potential Audits.
Allow distribution to your Suppliers for Self Audit.
Enable your Suppliers to report Self Audit Results back to you.
Conduct Process Feasibility Audits on your Suppliers.
Report Supply Chain Process Potential Audit results to your Customers.
Eliminate Rating Discrepancies.
Build Audit Question Databases.
Schedule Routine & Special Audits.
Prioritise Corrective Actions on yourselves and your Suppliers.
Gain Preliminary Results of Full Process Audits.
What to do at financial year end. This presentation was done in 2012, but very little has changed in regards to the requirements to complete a successful year end.
Conduct, record & analyse Internal Process Potential Audits.
Allow distribution to your Suppliers for Self Audit.
Enable your Suppliers to report Self Audit Results back to you.
Conduct Process Feasibility Audits on your Suppliers.
Report Supply Chain Process Potential Audit results to your Customers.
Eliminate Rating Discrepancies.
Build Audit Question Databases.
Schedule Routine & Special Audits.
Prioritise Corrective Actions on yourselves and your Suppliers.
Gain Preliminary Results of Full Process Audits.
EBS Answers Webinar Series - Ace your Audit: Preparing Your Oracle E-Business...eprentise
During a traditional audit, users of Oracle E-Business Suite run into the same pain point: they struggle to identify and extract accurate data out because there are not adequate controls around reporting. The data usually ends up coming from multiple places, the level of detail needed isn’t found in the system, and significant time is spent by high-dollar resources to prepare for the audit. However, there are ways to leverage EBS to run industry standard audit procedures and proactively identify areas of non-compliance in advance for a smoother process. In this session, explore the recommended year-round practices and tools available to ace your audit.
For more classes visit
www.snaptutorial.com
What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
Activity-based costing (ABC) is a costing model that identifies activities in an organization and assigns the cost of each activity resource to all products and services according to the actual consumption by each: it assigns more indirect costs (overhead) into direct costs.
In this way an organization can precisely estimate the cost of its individual products and services for the purposes of identifying and eliminating those which are unprofitable and lowering the prices of those which are overpriced.
Better testing for C# software through source code analysiskalistick
You are probably using source code analysis for your C# software in order to ensure code quality. Want to go further ? You can use source code analysis to test the software more efficiently through risk based testing and improved regression testing and then deliver the software faster reducing testing cost in the meantime
READ THIS FIRST CaseUVa Health System The LATC Hospital ProjectWk.docxcatheryncouper
READ THIS FIRST CaseUVa Health System: The LATC Hospital ProjectWk 4 is the second of two weeks on CAPITAL BUDGETING Study the Wk 3
Solution
s Template before proceeding into Wk 4.Learning Objectives(repeated from Wk3 Assignment Template)You will learn the three steps in capital budgeting:SEE THE FLOW DIAGRAM - YOU ARE NOW WORKING ON THE GREEN-COLORED ANALYSIS.1Identify relevant incremental cash flows2Calculate cost of capital (k-wacc) to use as the discount rate3Calculate the metrics of capital budgeting: Net Present Value, Profitability Index, Internal Rate of Return, and Payback Period. Then, you will apply the metrics and information in the case study to make a recommendationabout which of the two projects to accept.The essence of the capital budgeting process is to make sure, before an investment is made,that its prospective rate of return is high enough to justify the investment,i.e., that the project is CREATES value, not DESTROYS value.Directions(some repeating from Wk3 Assignment Template)1Make a quick scan through the LTAC case and the exhibits. 2Listen to the Intro Audio3Cohen Finance Workbook chapter 4 is a review of Time Value of Money, which you covered in a previous course.Review it as necessary, but defer the review until you look at the TVM applications in chapter 5 beginning on p 79.You need to know TVM to understand the capital budgeting metrics of NPV, PI, and IRR. Make sure youhave that context in mind before reviewing the TVM chapter 4 (only if you need to).4Read the case again, to grasp all the details, especially the Mulroney memo to her boss.5To understand how a capital budgeting template works, follow the step-by-step procedure in the book, pages 61-706Scan pages 70-76 on weighted average cost of capital. No need to emphasize at this point because discount rates are given in the case.7Read pages 79-84 on NPV, PI, IRR, PP.8Pages 83-85 show a worked-out example of a capital budgeting decision.QuestionsIf you work with a group, write answers on your own, independently. Group answers violate academic integrity requirements. 1See Q1 tab.Scroll down until you see the questions.Capital Budgeting TemplateThe template calculates FREE CASH FLOW=[EBIT-TAX+DEPREC]+/-CHANGE NWC+/-CAPEX.2See Q2 tab.Scroll down until you see the questions.K-wacc The 1st term is income statement data; the 2nd & 3rd terms are balance sheet data.3See Q3 tab.Scroll down until you see the questions.Sensitivity AnalysisLEARN THIS FORMULA (EQUATION) COLD!Expect to revisit these calculations and decisions in Wk7.
Q1 Capital Budgeting TemplateUNIVERSITY OF VIRGINIA MEDICAL CENTERLong Term Acute Care HospitalFree Cash Flow ProjectionsRevenue and Cost AssumptionsResults-No NWC RecoveryResults-NWC RecoveryNumber of Beds50NPV$5,687NPV$10,425(000 ommited)Year 1 Utilization 26%IRR17.6%IRR21.2%Year 2 Utilization 60%Annual Increase in Utilization4%Operating Expense (% of Revenue)7.0%K-wacc10%Year12345678910VOLUMEPatient Day Capacity 18,25018,25018,25018,250 ...
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Similar to Bank Fee Audit Services Power Point.2012 (20)
READ THIS FIRST CaseUVa Health System The LATC Hospital ProjectWk.docx
Bank Fee Audit Services Power Point.2012
1.
2. Background
• Founded by Francis E. DiBacco, Chairman and CEO.
• A proven 35-year track record of bank fee review services.
• Company established to help organizations interpret their
bank service fees.
1
3. How do banks price their services
• Bank fees are set on what the
market will bear.
• Not all bank fees are created equal.
• Banks typically increase fees both
vertically and horizontally.
2
4. The banking environment is ever changing
• Bank earnings are under pressure from:
– The current economic environment
– Banking regulators
– U.S. Congress and Senate
• The composition of bank earnings has shifted over the last 30
years from margin to fee income brought on by their need to:
– Reduce volatility in earnings from margin
– Reduce balance sheet growth and risk
– Reduce leverage and preserve capital
• Banking fees will continue to trend higher!!
3
5. Our process
• We offer specialized, in-depth and incisive analysis
of your current depository relationships and
identify opportunities to reduce fees being paid.
• Depository Diagnostics, internally developed and patented
bank fee analyzer software.
• Five step comprehensive review... more than just lowering fees:
1. Review – low and non-earning asset
2. Analyze – bank fees
3. Study – all product groups (ACH, LBX, WIRES, ETC.)
4. Drilldown – each subsidiary account
5. Diagnose – unit costs of product groups, ratios
4
6. The project funds itself
• Compensation is paid on a 100% contingency basis – fees
are calculated on realized savings and only paid when you
save money.
• The DiBacco team will provide a thorough analysis with
minimal involvement required from your staff.
5
7. Why can’t I do this myself
The answer is three-fold…
• First – our patented bank fee analyzer software “Depository
Diagnostics is proprietary and not available elsewhere.
• Second – Today’s demands on financial executives and their team
make it difficult to dedicate the time and resources necessary to sort
through the maze of line items to identify errors and overcharges, as
well as the identification of efficiencies.
• Third – The banking industry is in a constant state of change and we
are always up-to-date on the latest depository prices.
6
8. Why engage DiBacco
• Our process is unique; no other company has our patented bank fee
analysis software.
• Our client base is extensive; hundreds of satisfied clients including
many Fortune 500 companies.
• Clients savings results are impressive; over $100 million cumulatively
saved since 1991.
• No Risk review.
• DiBacco is paid on a 100% contingency basis.
• Our review is independent and objective. We do not work for banks.
• Our team does most of the work so your staff can focus on
other tasks. 7
10. The Tip of the Iceberg…
is what others do...
RFPs Seminars
Internal Review Average Price Comparison
External Review Bank Support
1 - Review 2 - Analyze
...DiBacco
Low - Non Earning Assets Fee Comparison Actual and Average
Check Float – One Day/Two Day 6,000 Actual Analysis in Data Base
Does It
Deposit Timeliness LBX, Armored Car Benchmark to Other FED Fortune 1,000
3 - Study 4 - Drilldown
Each Product Group (PG)
ACH, LBX, Checks Paid, etc.
All! Product Group Composition
Review EVERY Line Item of EVERY PG
of EVERY A/C of EVERY Bank
Components in Each PG Product Group (PG) Alignment
Actual Not Average Price Comparison PG Percentage Ratios
5 - Diagnose
Product Groups
Unit Costs on LBX and Checks Paid, Diagrams, Ratios, Diagnostics 8
11. Drilldown Unit Summary Component 1
Drilldown of subsidiary accounts in the summary
31713 2 2267 3 2516 4 0242 5 1805 Component
Description Code Vol Price Total Percentage V Ttl V Ttl V Ttl V Ttl V Ttl
LBX PRODUCT PROCESSING COSTS 00475 125 0.03 3.75 0.83% 96 2.88 29 0.87 Comparisons
LBX PRODUCT PROCESSING COSTS 00506 871 0.05 43.55 9.59% 95 4.75 660 33.00 116 5.80
LBX MANUFACTURED COSTS 00530M 3 85.15 255.45 56.24% 1 85.15 1 85.15 1 85.15
LBX OTHER PROCESSING COSTS 00518 101 1.50 151.50 33.35% 36 54.00 20 30.00 30 45.00 15 22.50
DEPOSIT PRODUCT PROCESSING COSTS 22000 1 602.30 602.30 56.42%
DEPOSIT MANUFACTURED COSTS 21000 1 10.00 10.00 0.94%
DEPOSIT OTHER PROCESSING COSTS 20000 1 455.20 455.20 42.64%
CHECKS PAID PRODUCT PROCESSING COSTS 32000 1 16,261.01 16,261.01 79.68%
CHECKS PAID MANUFACTURED COSTS 31000 1 2,163.72 2,163.72 10.60%
CHECKS PAID OTHER PROCESSING COSTS 30000 1 1,983.26 1,983.26 9.72%
ACH PRODUCT PROCESSING COSTS 42000 1 11,621.71 11,621.71 135.15%
ACH MANUFACTURED COSTS
ACH OTHER PROCESSING COSTS
41000
40000
1
1
2,635.20
1,449.85
2,635.20
1,449.85
54.47%
41.72%
Study
WIRE PRODUCT PROCESSING COSTS 52000 1 5,089.25 5,089.25 80.39%
WIRE MANUFACTURED COSTS 51000 1 825.94 825.94 13.05%
WIRE OTHER PROCESSING COSTS 50000 1 415.25 415.25 6.56%
INFO REPORTING PRODUCT PROCESSING COSTS 62000 1 1,927.50 1,927.50 39.76%
INFO REPORTING MANUFACTURED COSTS 61000 1 785.51 785.51 16.20%
INFO REPORTING OTHER PROCESSING COSTS 60000 1 2,135.15 2,135.15 44.04%
MISCELLANEOUS PRODUCT COST 12000 1 15.98 15.98 0.78%
MISCELLANEOUS MANUFACTURED COSTS 11000 1 2,000.00 2,000.00 97.51%
MISCELLANEOUS OTHER COSTS 10000 1 35.00 35.00 1.71%
Total 50,866.08 56.88 119.90 163.15 113.45 0.87
PRODUCT GROUP (PG) GRID LOCKBOX COMPONENT
LOCKBOX 0.89% 454.25 Processing 5.06% 3.96% 20.23% 5.11% 100.00%
DEPOSITS 2.10% 1,067.50 Manufactured 0.00% 71.02% 52.19% 75.06% 0.00%
CHECKS PAID 40.12% 20,407.99 Other 94.94% 25.02% 27.58% 19.83% 0.00%
ACH 30.88% 15,706.76
WIRES 12.45% 6,330.44
INFO REPORTING 9.53% 4,848.16
MISCELLANEOUS 4.03% 2,050.98
Total 100.00% 50,866.08
Annual Total 610,392.96
FED's patented system converts the Analysis Summary data, while it is benchmarking prices, into incisive spread sheets. Each item is clearly identified by Product Group, a grouping of one specific
service (see Product Group Grid) by color coding each cell. FED isolates the PG's to determine how the Processing, Manufactured, and Other Costs components are aligned within the PG. Each
component is highlighted by color coding the font. The combined data becomes the basis for performing thousands of calculations to determine each PG's component composition. If the processing
costs are less than 80%, then that PG needs attention. In essence, EVERY line item of EVERY Product Group of EVERY account of EVERY bank will be subjected to FED's diagnostic review.
Four different ways
to show pricing
Analyze
Bench
marked
low to high
ks
Ban Product Costs:
% Components
Other Fees:
% Components
Manufactured:
s % Components
B ank
9
12. F.E. DiBacco, Inc.
1460 Grandview Avenue
Suite 3
Paulsboro, NJ 08066
Client list 856-848-8040
Fax: 856-848-9767
FEDibacco.com
Suite 205
Woodbury, NJ 08096
Phone 856-848-8040 Fax 856-848-9767