Profit and loss statements are a primary vehicle for evaluating your company’s profitability. By viewing both revenues and expenses together for a specific period, you can determine the effectiveness of the strategies and tactics employed during that time.
ImpactECS leverages data from existing ERP systems, operations, finance or production systems, and data warehouses to view performance across the value chain and explore the broader effects of changes to costs or revenues. Create fully loaded profit and loss statements that provide the right level of detail to provide clarity and inform decisions.
With ImpactECS, you can adjust or flex any model input to calculate expected results without wrangling with spreadsheet analytics. Create confidence and transparency in your cost and profitability forecasts with ImpactECS’ centralized rule management, data integration tools, and simulation environments designed to calculate results quickly and accurately.
Recent events have taught finance and costing leaders that unpredictability is the new norm—making effective cost planning a necessity. Cost data impacts organizational decisions from quoting new business, selecting vendors and suppliers, planning production, and servicing customers. The most innovative teams have enabled costing models that generate planned, forecasted, historical, and simulated cost data to drive commercial and operational decisions.
This session highlights use cases of cost analytics models that predict how market shifts are cost changes that impact profits, evaluate performance compared to benchmarks, determine the success of quotes to actual performance, and establish targeted cost management programs.