Experform is a complete strategic cost and profitability management solution that can assist to scan your entire business, spot hidden profit and loss, and seize improvement opportunities.
Relying on management accounting techniques and approaches, such as activity-based costing/management/budgeting and balanced scorecard, Experform ensures wiser and more informed operational and strategic decision-making to drive bottom line results in today’s highly turbulent and volatile environment.
Experform is also uniquely applicable to implement performance budgeting. It provides cost and performance information in an integrated way to both develop a performance based budget and more importantly allocate budget based on performance.
Let’s discover our Software Modules:
ABC is a management accounting technique that assigns costs to the specific activities performed in a manufacturing or service delivery process. By learning what activities the organization uses to produce goods and services, managers can trace the organization’s costs to products via activities.
Activity Based Management (ABM) is a process of using ABC information to evaluate the costs and benefits of production, internal support activities and to identify and implement opportunities for improvements in profitability, efficiency and quality within an organization.
In ABB, projection of any changes happening in demands placed on any product or service for the following year which stems from managers’ assumptions or market research efforts leads to the determination of the level of resources required for production to meet the demands.
Effective and meaningful Profitability Analysis requires the knowledge of cause and effect relationship between all business elements, i.e. business modeling. This causal relationship understanding is only possible using management accounting tools and techniques, such as Activity Based Costing.
In financial accounting, performance management is viewed as a tool to ensure finances are reasonably healthy, expenditures and resources are in balance and there is no fiscal deficit. It means managing dollars by dollars not managing results by results.
Cost Management is quite a challenge in today’s business environment, because it requires the understanding of business dynamics which is impossible without an understanding of cause and effect relations in an organization.