The SAP Enterprise Resource Planning (ERP) system offers a number of solutions to handle many of the transactional needs of organization of any size, product offering, geographic location, or management philosophy. Over time, the suite of ERP applications offered by SAP grew to include Financials, Human Capital Management, Operations, and Corporate Services, to deliver an integrated information technology application to manage the business.
SAP recognizes the importance of management accounting and provides a number of tools to help companies implement a cost management program. However, the transactional nature of the ERP system can limit the amount of detail available because it allows a single set of cost answers for each product. Process manufacturers that have multiple production locations or lines, frequent raw material substitutions, or other inherent costing complexities find that they often need additional analysis tools to make decisions for activities including planning production and setting sales prices.
ImpactECS expands the functionality of SAP ERP by providing cost accountants with the tools to expand their costing capabilities to include options to track multiple cost sets for products, perform scenario analysis activities using actual data, and develop sophisticated allocation methods to account for overhead costs. By implementing ImpactECS, companies can eliminate the myriad of spreadsheets or antiquated custom systems that were put together piecemeal to fill the analysis gap.