Cost reduction: eliminating standard cost accounting systems and replacing them with a value stream accounting system drastically reduces times and costs.
Simplicity: value stream cost accounting provides the right information in a form that is easily readable to everybody in the company and not only to specialists.
Effectiveness: management control is made much more effective since lean accounting provides both economic and performance measures using a tool, the so called Box Score, which is quite easy to understand and makes it possible to understand the correlation between operational performances and economic results.
Timeliness: information are provided on a weekly basis and within one day, so they are not only complete but also timely.
Company involvement: because of the simplicity of the system the barriers between the Accounting Area and the rest of the company are tore down. Accounting becomes friendly and familiar to a large number of people even without accounting competence or experience.
Support to Lean Transformation: the information provided, unlike those of traditional systems, makes it possible to measure the effects of the lean transformation process.