Vision’s Allocation module will bring unparalleled levels of speed and ease to your indirect costing process. The advanced calculation and journal entry capabilities are also valuable in allocating pooled revenue or other complicated re-allocations of previously captured financial data.

  • Manage Indirect Cost Allocation – Allocation Management provides powerful automation and a complete audit trail so you can recover your indirect costs from external funding sources.
  • Flexible Allocation Options – Allocate indirect costs based on a fixed or predetermined rate or apportion last year’s budget, budget percentage to total costs, and other budget-based costing methodology.
  • Powerful Calculation and Posting Methods – Use complex calculations from previously posted data to create journal entries allocating any kind of transactions, i.e. revenue allocations, pooled unit purchased, year-end roll-overs and more.

Activity Based Costing

Today, activity-based costing and management (ABC) is widely adopted because it provides a more complete picture of the profits and costs of doing business than traditional cost accounting. Understanding true product profitability, customer profitability or customer lifetime value in any industry fundamentally requires ABC. However, traditional ABC solutions, mainly focused on modeling, do not offer integrated capabilities in data management, reporting and analysis for a successful ABC implementation. Vision is the only ABC module with an end-to-end solution that combines integrated data management, business modeling, reporting and analysis all on one platform.

More than any other costing solution, Vision Activity-Based Costing:

  • Supports all activity-based costing methodologies to best meet your business needs.
  • Offers a highly visual, flexible and multidimensional modeling environment with a point-and-click graphical user interface.
  • Leverages web-based reporting and analysis to enable cost, process and profitability intelligence to be quickly shared across the organization.
  • Provides a complete and integrated data management solution with data access engines and data transformation capabilities required for successful ABC implementation.

Vision’s ABC solution enable strategic and operational decision that maximizes profit, reduce costs and streamline processes by determining the cost of those processes and the profitability of products, customers and business segments. Specifically, Vision’s Activity-Based Cost Management assists organizations across industries to:

  • Gain insights about the true profitability of products and business units
  • Manage process costs by understanding business activities and cost drivers
  • Identify and estimate capacity or resource requirements for future periods.
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