A true view of profits needs a robust method to allocate all costs that are not directly traceable to a specific product or service – direct and indirect labor costs, overhead spending, shared costs, and more. Finance teams that can shed insights on overhead spending are better positioned to make quick decisions as business conditions change. ImpactECS gives tools to assign drivers and accounts, dynamically calculate work center and overhead rates, and validate results to ensure every penny is assigned properly.
Collect both production data from ERP, MES, and shop floor systems, as well as spending from the General Ledger.
Assign drivers and calculate rates using detailed product structure and production data.
Allocate overhead costs to specific products using a dynamically calculated rate.
For manufacturing companies, product cost information cannot exist in a silo. To compete, costing must transition from a static activity that occurs on a laptop spreadsheet to a collaborative approach where the right cost data can uncover the best decisions.
Watch this #CostTalk Q+A session and hear experiences from ImpactECS customers from manufacturing finance, commercial, and operations teams who find ways to best leverage cost data for decisions around pricing, new product development, and profitability analysis.