In today’s challenging market landscape, CFOs have struggled to answer basic questions like what is my optimal cost structure and what will my cash position be at any given time? The inability to dig deeper into reports, time-consuming manual verification and uploading of data, and the prevalent use of spreadsheets not designed for collaboration make the answer unnervingly complex.
Cost centre planning is an important process for controlling expenses across the enterprise. It provides a detailed look at how much the companies, divisions, departments and teams in an organization cost in terms of personnel, materials, accrued depreciation, etc.
Planning the numerous cost centres across an organization is often a complex, drawn-out process. Jedox Cost Center provides the kick-start you need to streamline and simplify it every step of the way. It orchestrates the vast work involved – from drafting and submitting realistic numbers, to coordinating and documenting various budget rounds and consolidating the final budget data. Managers can then use this data to identify variances to actual costs and launch timely counteractions throughout the year.
Click on the link to download the Jedox Cost Center model and kick-start your cost centre planning.