Cost Center Allocations
Increase precision in operational budgets with cost center allocations.
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Ensure costs are accurately and transparently allocated and attributed to the right departments. Prophix One, a Financial Performance Platform, is intuitive, simplifying the setup of allocations, enabling you to instinctively apply a driver to ensure indirect expenses are allocated to target departments or cost centers appropriately.
Easily reference common drivers like headcount, square footage, number of transactions, or ratios based on consumption or output, and support optimized resource distribution and streamlined expense reporting. Once an allocation is run, you can maintain total visibility into the source data and drivers used. Empower departments with total clarity, so they can better understand and manage their budgets more efficiently.
Accurate allocations of indirect costs are an essential process for finance teams, department managers, and executives who rely on visibility into costs to support operational goals. By optimizing cost center allocations, you’ll gain financial clarity, improve your budgeting accuracy, and enhance strategic planning in an iterative manner.
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