Traditional accounting methods provide a wealth of information about a company's financial health, but they can only reveal so much. In addition to understanding "what happened" in terms of expenses and income, cost and profitability analytics consider "why it happened" by constructing a multidimensional view of a diverse set of variables examined on a granular level. In Actionable Profitability Analytics, Scott Wise teaches how to establish a foundation of transparency, good governance, and guiding principles before launching into the methodology of multidimensional profitability and strategic cost modeling. He then addresses the challenges of implementation, cogently explaining how to bring it all together to generate a real impact on the bottom line.This book will empower you to make crucial business decisions with an unprecedented depth and granularity of information, instead of relying on limited or erroneous data or gut feeling. It's not just a different kind of number-crunching. It's a completely new method of doing business.