Cost Allocator is a flexible and easy-to-use application. It allows enterprises to allocate cost across cost centers, departments, and functions. Designed as an enterprise-wide application that can be used together with accounting and finance systems.
Cost Allocator offers unique features such as automatic connection to the General Ledger, multi- level allocation, user-defined records, account grouping and rollup, and drag-and-drop functionality.
The main purpose of Cost Allocator is to help enterprises attribute overhead cost from accounts to accounts or from departments to departments, and, as a result, achieve effective cost management. It offers an ideal alternative for companies tha t want a simple cost allocation model instead of a full-blown Activity Based Costing/Management system.
Managers of shared services centers will find Cost Allocator especially useful in charging shared services back to business units. Companies can also use Cost Allocator to address other business challenges. For example, companies implementing value-based management can use Cost Allocator to create, outside and in parallel to the corporate- level General Ledger, a balance sheet and income statement for separate business segments.
Using Cost Allocator Connector for Microsoft Business Solutions-Great Plains, an automatic seamless interface module Great Plains users can easily extract financial data from Great Plains General Ledger, and put post-allocation data back from Cost Allocator to Great Plains as a budget ID or a batch of un-posted journal entries, at users’ discretion.
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