Profit & Cost Management

Profit & Cost Management

Insight to profitability and cost should be a fast, intuitive and automatic process, but too often this is not the case. Many companies either spend too much time on manually manipulating spreadsheets and understanding key drivers of profitability or, worse yet, spend no time on understanding due to the perceived complexities of the process. 

The use of custom-built allocation tools, or black-box calculation solutions, contributes to the problem by creating an over-reliance on IT for a business process that fundamentally should be owned by the business users. 

Profitability and Cost Management (PCMC), a purpose-built process available in the Oracle Fusion Cloud EPM, dramatically changes this situation. It provides business users with a solution to significantly automate and take ownership of allocation-based business processes such as customer/product profitability, management allocations, shared service costing, cost transparency initiatives. 

A purpose-built allocation solution can make organizations more effective and provide greater insight into profitability and costs within key business dimensions. Profitability and Cost Management strikes the perfect balance between a business-owned allocation engine and a rich analytical tool to discover the fundamental drivers of cost. 

This solution accomplishes both by providing an innovative allocation framework that provides step-by-step transparency to calculations – all while ensuring ease of use and upgradability of an Oracle cloud-based solution.

 

Key business benefits

  • Gain insight to hidden profit and cost across key business dimensions - such as products, customers, sales channels, and more
  • Enable business users to take ownership of allocation-based business processes Eliminate over-reliance on IT with easy-to-use, point and-click model building
  • Quickly optimize allocation processes with what-if analysis
  • Reduce manual effort through automated data collection, allowing companies to have a live analysis of their profitability.

Key Features

Management Ledger

Allocation engine provides a best-practice, business owned framework for complex business allocations, such as recursive and multi-tiered allocations

Data Management

Capabilities enable automated data collection and mapping –improving controls and significantly reducing manual data effort

Rule Balancing

Feature provides unparalleled transparency to each step of the allocation calculation – eliminating the “black box” effect associated with custom allocation solutions

Hierarchy and dimension management

Based on the Oracle Fusion Cloud EPM framework and ensures alignment with other source financials systems

Pre-built analytics

Such as the profit curve and scatter chart, provide significant value out-of-the box and reduce implementation time

Configurable dashboards and Reports

To deliver boardroom-quality reporting to the business user community

Microsoft Office add-in, Smart View

Delivers ad hoc analysis and Excel Based interactions
Solutions

EXPERTS IN BUSINESS PROCESS SOLUTIONS, BI & EPM (Enterprise Performance Management)

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