Variance Analysis + KPIs

The explosion of data available to make decisions can create challenges when it comes to evaluate risks and opportunities. Variances measure the degree of difference between two numbers – usually what you planned versus what actually happened – and insights into these differences are the best way to understand how the business is performing.

But variances are only as valuable as the data it is comparing.  ImpactECS maintains granular data for cost and profitability activities needed to calculate unlimited variances for any key performance indicator (KPI) based on time, location, production method, or service level. You can compare data sets to analyze, providing relevant results to identify problems or trends.

Make better decisions with variance insights from ImpactECS

  • Calculate detailed variances: Compare any data sets – planned to actual performance, actual results between periods, or two sets of simulated data – to uncover trends or correlations that drive business decisions
  • Pinpoint risks and opportunities: Establish business specific rules and set thresholds to identify meaningful statistical variances that need attention
  • Identify root causes: Access high level performance results and drill-down to granular details to determine the causes of variances
  • Integrate results: Calculate variance answers and write results back to your general ledger for reporting

Creating a Cost-Focused Culture

Manufacturers all have one thing in common – the need for an effective product costing process that delivers accurate and actionable results. Best-in-class finance teams are catapulting costing and cost transparency to the front of the list of strategic initiatives to transform their leaders’ ability to make decisions. If you’re struggling with the lack of ERP costing capabilities or overwhelmed with spreadsheets, you’ll find value in hearing how leading manufacturing companies have established robust product costing processes.

Check out this discussion around the three focus areas for product costing – Highlighting the benefits of a strong costing culture, the role of costing as a competitive advantage when identifying opportunities and enabling strategies, and starting on the path to better costing by defining the rules, tools, and data involved.


It Starts with Costs

Download the eBook >

Role of Cost Systems in the Age of Digital Transformation

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Guide to Implementing Cost Systems

Watch the 30-min Q+A >

Is Your Product Costing Process Healthy?

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Raw Material Spending and Your Budget

Read the Article >

Get Quick Insights and Best Practices

Watch the CostTalk Minute Series >

Ready to see ImpactECS in action?

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understand their costs and profits