CostCentersPlusYour Complete Solution

for Cost Analysis and Control(release 2.0B)

- Overview -

OnesimusQuality Solutions, Quality Services

http://www.onesimus.ro

CostCentersPlus is a feature-rich variance analysis is a feature-rich variance analysis solution with a polished user interface.solution with a polished user interface.

CostCentersPlus incorporates the best practices and incorporates the best practices and newest technologies to provide the required functionality newest technologies to provide the required functionality for you to analyze and control your cost structures in the for you to analyze and control your cost structures in the most effective way possible.most effective way possible.

Overview

Many businesses, especially the small, entrepreneurial Many businesses, especially the small, entrepreneurial kind, ignore or forget the other half of the budgeting.kind, ignore or forget the other half of the budgeting.

Budgets are too often proposed, discussed, accepted, but Budgets are too often proposed, discussed, accepted, but then forgotten.then forgotten.

Variance analysis looks after-the-fact at what caused a Variance analysis looks after-the-fact at what caused a difference between plan vs. actual.difference between plan vs. actual.

Good management looks at what that difference means Good management looks at what that difference means to the business.to the business.

CostCentersPlus provides a new way of looking at the provides a new way of looking at the plan vs. actual data that owners and managers need to plan vs. actual data that owners and managers need to perform that critical variance analysis.perform that critical variance analysis.

Understanding Variance Analysis

perform flexible variance analyses;perform flexible variance analyses;

perform period-over-period comparisons;perform period-over-period comparisons;

break down your analyses by debit and credit;break down your analyses by debit and credit;

With CostCentersPlus you can:

generate meaningful ratio calculations (actual figures generate meaningful ratio calculations (actual figures prorated to actual+planned) as well as intuitive prorated to actual+planned) as well as intuitive dashboard indicators for ratios, and top-down bar charts dashboard indicators for ratios, and top-down bar charts for variances (hot-linked for instant drill-down);for variances (hot-linked for instant drill-down);

With CostCentersPlus you can:

start with a high level inspection of costs, then drill down, start with a high level inspection of costs, then drill down, or start at a lower level and drill up using cost center and or start at a lower level and drill up using cost center and cost element hierarchies that you are already familiar cost element hierarchies that you are already familiar with from working with your ERP solution. Both the cost with from working with your ERP solution. Both the cost center and cost element hierarchies are expandable and center and cost element hierarchies are expandable and collapsible independently of each other, allowing you to collapsible independently of each other, allowing you to determine the depth of detail desired;determine the depth of detail desired;

With CostCentersPlus you can:

CostCentersPlus - Dynamic Report Layouts

The amounts in each report cell are dictated by the The amounts in each report cell are dictated by the intersection of the cost center (group) and cost element intersection of the cost center (group) and cost element (group) selected.(group) selected.

By drilling down (or up) into any combination of cost By drilling down (or up) into any combination of cost center (group) and cost element (group) in the center (group) and cost element (group) in the hierarchies, the report will determine the costs associated hierarchies, the report will determine the costs associated with that selection and refresh the screen accordingly.with that selection and refresh the screen accordingly.

Drill Up Both Hierarchies

Drill Up Cost Element Hierarchy

Drill Up Cost Center HierarchyDrill Down

Refresh Only Dial Charts - Get Values From Here

CostCentersPlus - Easy To Use - Instant Results

CostCentersPlus - Other Advantages

CostCentersPlus is available in your currency of choice. is available in your currency of choice.

The database software is free of charge.The database software is free of charge.

Database Express Edition

Although variance analysis can be very complex, the Although variance analysis can be very complex, the main guide is common sense.main guide is common sense.

Going under budget is a positive variance, and over Going under budget is a positive variance, and over budget is a negative variance, but positive variances budget is a negative variance, but positive variances aren't always good news.aren't always good news.

For example, positive variances in advertising in February For example, positive variances in advertising in February mean that money has not been spent, but they also mean mean that money has not been spent, but they also mean that advertising has not been placed.that advertising has not been placed.

Product sales are below expectations for this same Product sales are below expectations for this same periodperiod..

Could the advertising missed in February be a possible Could the advertising missed in February be a possible cause?cause?

Yes, of course it could.Yes, of course it could.

Final Notes

Every variance should stimulate questions.Every variance should stimulate questions.

Why did one project cost more or less?Why did one project cost more or less?

Were objectives met?Were objectives met?

Is a positive variance a cost saving or a failure to Is a positive variance a cost saving or a failure to implement?implement?

Is a negative variance a change in plans, a management Is a negative variance a change in plans, a management failure, or an unrealistic budget?failure, or an unrealistic budget?

A variance table like the one A variance table like the one CostCentersPlus offers can offers can provide management with significant information.provide management with significant information.

Without this data, some of these important questions Without this data, some of these important questions might go unasked.might go unasked.

Final Notes