Approach defines true profit potential

Hagen & Co. introduces its True Accounting solution — an innovative set of tools and practices that support breakthroughs in manufacturing performance improvement. The True Accounting solution compares actual plant profits to the profits that would be achieved if the plant were running at its true potential.
By Staff October 15, 2002

Hagen & Co. introduces its True Accounting solution — an innovative set of tools and practices that support breakthroughs in manufacturing performance improvement.

The True Accounting solution compares actual plant profits to the profits that would be achieved if the plant were running at its true potential. It breaks down this profit gap into the reasons for underperformance and values each improvement opportunity. The patented True Accounting methodology does not replace a company’s financial reporting system. Instead, it serves as a management decision system that establishes the true profit potential of each part of the business.