The concept of Activity Based Costing has been around for some time, but gathering together, managing and manipulating the data required is not always easy. Often, the core finance system holds information at a level that only serves financial and budgetary management purposes. But there are other external systems holding valuable operational data, that, if combined with finance information, could give far greater insight and visibility of how money is made and lost.

Key benefits:

• Instant cost-savings through quick identification and reform of uneconomical cost centres and constituent activities / courses.
• The ability to import operational (non-financial) ‘key performance indicators’ such as headcount, registrations, retention, space occupied.
• Unlimited costing models based on a range of parameters such as ‘profitability’ and ‘success rate’.
• Provides analysis of activity contribution and profitability within a controlled environment.
• Reporting and allocation tools use existing reporting structures and non- financial drivers such as student numbers or square footage of premises.
• Provision of senior management information e.g. course contribution and profitability analysis to aid future planning and budgeting.
• Seamless integration with core finance system.