Cost Control and Planning
Growing your bottomline by cutting costs
Ramco ERP on the Cloud fully understands that the path to profitability lies in saving every penny, and this includes cutting costs whenever necessary. With comprehensive functionalities that help you identify key cost-saving opportunities while reducing transaction processing costs, Ramco ERP ensures that you remain competitive.
It also enables you to look at all "kinds of costs" in relation to its operating expenses, and allocates them in a structured manner. In addition, it also allows you to forecast and budget appropriately, so you can recover operating expenses and set profit expectations. Best of all, being a cloud-based product, features that you'd generally find on a full-fledged solution can be accessed with just an Internet connection from anywhere and at anytime.
Our existing clientele reports:
- Enhanced profitability
- Mitigated risks
- Access to effective and visible cost control measures across the production process
- Accurate recording of data, analysis of costs and trends and cost over-run tracking
- Getting timely advice across various functional areas
Key takeaways
- Create cost centers across your organization
- Plan cost budgets for each financial period, across the cost centers
- Compare budgets for different periods
- Perform variance analysis based on budgeted vs. actual figures
- Ensure appropriate apportion of costs for a given set of work orders, and performing order settlements
- Perform roll-up to compute new standard costs of finished products
- Undertake profitability analysis of different projects and departments
- Calculate the actual cost of production for a particular work order, and analyze the variance against a set of standard parameters