Financials Expert Shows How to Use Tracing Factor Automation in Cost Allocation to Achieve Efficient and Faster Month-End Closing
Calculating planning costs is often one of the more tedious tasks at the end of each month and this article focuses on using tracing factor automation to streamline this process.
Dedham, MA, November 16, 2011 --(PR.com)-- SAPexperts posted a new article, “Use Tracing Factor Automation in Cost Allocation to Achieve Efficient and Faster Month-End Closing,” to its Financials Expert knowledgebase.
This article explains how to use tracing factor automation to reduce the amount of time necessary for cost allocation. This is an increasingly important method for dealing with the many changes in production floor operations, since the rules for allocating site- support costs to the production and quality cost centers need to be revisited multiple times a year.
Learn how to consolidate and update directly into your SAP system a periodic Excel-based cost allocation plan obtained from site finance managers. Bob Croce, product director of SAPexperts comments, “Calculating planning costs is often one of the more tedious tasks at the end of each month and this article focuses on using tracing factor automation to streamline this process.”
The article is written by Ashim A. Nanda, Senior Consultant, IBM Global Business Services. The article abstract is located at: http://www.financialsexpertonline.com/article.cfm?id=6143
About the Author:
Ashim A. Nanda is currently leading multinational projects as a senior consultant in the FI/CO area for biopharmaceutical clients of IBM Global Business Services. Ashim has seven years of consulting experience with clients in the biotech, telecommunication, automotive, and high-tech industries. Ashim holds an MBA in finance and systems engineering from Xavier Institute of Management, India, and a degree in electrical engineering from University College of Engineering, Orissa, India.
About SAPexperts:
SAPexperts consist of nine online knowledgebases produced by WIS Publishing – the leading independent provider of publications and educational events focused on SAP technology. The nine SAPexperts knowledgbases consist of Financials Expert, BI Expert, SCM Expert, HR Expert, CRM Expert, GRC Expert, Solution Manager Expert, Project Expert, as well as SAP Professional Journal. Access to the SAPexperts knowledgebases is obtained on an annual subscription basis. More information can be found at www.sapexperts.com.
About WIS Publishing:
WIS Publishing is the premier independent provider of SAP training materials, with more than 250,000 customers in 61 countries. WIS Publishing is the publisher of SAPinsider, insiderPROFILES, and the SAPexperts publications, and is the producer of the SAPinsider conferences and the Insider Learning Network. For more information, visit http://www.insiderlearningnetwork.com.
SAP is a registered trademark of SAP AG in Germany and several other countries. WIS Publishing is not affiliated with SAP AG or any of the SAP AG group of companies.
Media Contact:
Tony Membrino
Marketing Director, SAPexperts
Wellesley Information Services
20 Carematrix Drive
Dedham, MA 02026
Phone: (781) 751-8668
tony.membrino@wispubs.com
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This article explains how to use tracing factor automation to reduce the amount of time necessary for cost allocation. This is an increasingly important method for dealing with the many changes in production floor operations, since the rules for allocating site- support costs to the production and quality cost centers need to be revisited multiple times a year.
Learn how to consolidate and update directly into your SAP system a periodic Excel-based cost allocation plan obtained from site finance managers. Bob Croce, product director of SAPexperts comments, “Calculating planning costs is often one of the more tedious tasks at the end of each month and this article focuses on using tracing factor automation to streamline this process.”
The article is written by Ashim A. Nanda, Senior Consultant, IBM Global Business Services. The article abstract is located at: http://www.financialsexpertonline.com/article.cfm?id=6143
About the Author:
Ashim A. Nanda is currently leading multinational projects as a senior consultant in the FI/CO area for biopharmaceutical clients of IBM Global Business Services. Ashim has seven years of consulting experience with clients in the biotech, telecommunication, automotive, and high-tech industries. Ashim holds an MBA in finance and systems engineering from Xavier Institute of Management, India, and a degree in electrical engineering from University College of Engineering, Orissa, India.
About SAPexperts:
SAPexperts consist of nine online knowledgebases produced by WIS Publishing – the leading independent provider of publications and educational events focused on SAP technology. The nine SAPexperts knowledgbases consist of Financials Expert, BI Expert, SCM Expert, HR Expert, CRM Expert, GRC Expert, Solution Manager Expert, Project Expert, as well as SAP Professional Journal. Access to the SAPexperts knowledgebases is obtained on an annual subscription basis. More information can be found at www.sapexperts.com.
About WIS Publishing:
WIS Publishing is the premier independent provider of SAP training materials, with more than 250,000 customers in 61 countries. WIS Publishing is the publisher of SAPinsider, insiderPROFILES, and the SAPexperts publications, and is the producer of the SAPinsider conferences and the Insider Learning Network. For more information, visit http://www.insiderlearningnetwork.com.
SAP is a registered trademark of SAP AG in Germany and several other countries. WIS Publishing is not affiliated with SAP AG or any of the SAP AG group of companies.
Media Contact:
Tony Membrino
Marketing Director, SAPexperts
Wellesley Information Services
20 Carematrix Drive
Dedham, MA 02026
Phone: (781) 751-8668
tony.membrino@wispubs.com
###
Contact
WIS Publishing
Tony Membrino
1-781-751-8668
http://www.financialsexpertonline.com/article.cfm?id=6143
Tony Membrino
1-781-751-8668
http://www.financialsexpertonline.com/article.cfm?id=6143
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