End-to-End Cost and Profitability Performance
P+L Forecasting
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 with 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 having to wrangle 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.
View product, customer, or channel profit performance with ImpactECS
- Evaluate profitability in a useful way: Model fully loaded customer, product, or channel P&L statements with granular cost detail to bring transparency to operational cost drivers.
- Centralize relevant cost data: Manage product, customer, revenue, pricing, operations, supply chain, and other critical data in one system.
- Analyze results and run scenarios: Calculate and compare actual, planned, or simulated P&L results to inform decisions, identify risks, and highlight opportunities.
- Evaluate cost results by business dimension: Gain visibility into cost and profit performance for customers and products at every level – enterprise, line of business, region, country, location, order or delivery, and order or delivery line.
The Value of Costing in Changing Business Environments
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.
Resources
Role of Cost Systems in the Age of Digital Transformation
Watch the Discussion >Is Your Product Costing Process Healthy?
Get your Score >Raw Material Spending and Your Budget
Read the Article >Guide to Implementing Cost Systems
Watch the 30-min Q+A >Using Product Costing to Guide Key Business Decisions
Watch the Discussion >Ready to see ImpactECS in action?
Get a glimpse of how we help companiesunderstand their costs and profits