Cost Control and Planning

Cost control and planning is a major necessity in today’s challenging business environment. Money diligently planned and controlled will lead to reduced transaction processing costs and enhanced profitability. It is imperative that you control costs and identify key cost-saving opportunities, to remain competitive.

Ramco OnDemand ERP offers you comprehensive functionalities to plan and control costs, mitigate risks, and remain competitive. You can ensure effective and visible cost control measures across the production processes, accurate recording of data to analyze costs, and trends and cost over-run tracking, and also provide timely advice to functional heads.

The software also allows you to look at all “kinds of costs”, in relation to its operating expenses, and allocate them in a structured manner. In addition to these, it also allows you to forecast and budget appropriately, to recover operating expenses and set profit expectations.

A complete, end-to-end ERP solution, offered on a Software–as-a-Service Model, Ramco OnDemand ERP helps you:

• Create cost centers across your organization
• Plan cost budgets for each financial period, across the cost centers
• Compare budgets for different periods
• Perform variance analysis based on budgeted vs. actual figures
• Ensure appropriate apportion of costs, for a given set of work orders, and perform order settlements
• Perform roll-up, to compute new standard costs of finished products
• Undertake profitability analysis of different projects and departments
• Calculate the actual cost of production for a particular work order, and analyze the variance against a set of standard parameters