Cost allocation is the key to understanding product and customer profitability. FlexiEPM is more than just a tool — it is your reliable partner in automating settlements, fully adaptable to the specific needs of your company.
With FlexiEPM, you gain full control over the selection of allocation keys and the assurance that your settlements are accurate and support management reporting. Choose simplicity, efficiency, and a solution designed with your company’s success in mind.
Optimize data processing in the allocation model by eliminating Excel sheets and formulas. Automatically calculate allocation keys based on financial and operational data.
With FlexiEPM, you gain assurance that allocation keys and cost settlements are calculated correctly. Using reports that show allocation details, you can be confident that monthly cost settlements are completed successfully.
We design and adjust allocation rules according to your company’s business model. With the tool, you can allocate costs to profit centres, projects, customers, or products — with exactly the level of precision you need.
Forget about manually preparing input data for allocations. With automation, FlexiEPM retrieves and processes direct costs directly from the accounting system. Importing transaction details allows you to drill down to the invoice level.
You can automatically integrate the collection of allocation keys across the entire organization, and with tailored templates gather the necessary data from other departments.
FlexiEPM lets you replicate your company’s business model. Freely define allocation stages and rules to build a process that settles costs in line with your chosen methodology — and manage the model configuration independently, without writing VBA macros or involving IT specialists.
With FlexiEPM, you can allocate indirect costs to profit centres, business segments, projects, customers, or products. Build a management income statement and a controlling model that enables multidimensional profitability analysis.
You can also allocate payroll costs and assign employees to projects. A detailed labour cost allocation model distributes salaries in line with your employees’ timesheets — while ensuring that sensitive HR data is processed securely.
The model also works for allocating costs in budgets and forecasts, helping you maintain consistency and comparability across all reporting scenarios.
With our tool, you can forget about errors and inconsistencies in cost allocation. The system provides transparent reports that allow you to quickly verify allocation accuracy. These reports are invaluable when responding to ad-hoc questions about the calculation of specific charges and allocations.
At the same time, you can prepare a complete set of management reports and monitor unit performance before and after cost allocation.
A multidimensional margin statement lets you analyse profit centre profitability both by direct costs and with allocated indirect and corporate overhead costs included.
#KNOWLEDGE BASE
In this post we will answer some common questions on how to recognize and manage lease and perpetual usufruct arrangements to ensure compliance with IFRS 16. We will explain the steps involved in the valuation of assets and liabilities for different types of contracts.
The adaptation of IFRS as an accounting standard affects the presentation of values in financial statements, especially in the context of leasing and rental under IFRS16.
The article examines these changes, showing how this standard modifies the balance sheet, profit, and loss statement and cash flow statement, highlighting key differences and new challenges in financial reporting.
IFRS accounting – scenarios If you want to make sure that your lease contracts are valued in compliance with IFRS 16, you have several alternatives. Here are
Streamline your planning, controlling, reporting, and consolidation processes in a single system.
Eliminate errors and reduce time-consuming tasks through integration and automation.
