Payroll, CAPEX, OPEX, travel, marketing, vehicle, equipment, legal, insurance, production, the list goes on. No matter your expenses, planning, tracking and accounting for them in CCH Tagetik is easy.
With a rich suite of financial intelligence, the ability to allocate indirect and direct costs, perform detailed profitability analysis, and model expenses, with CCH Tagetik, measuring expenses is integrated into the larger CPM process.
Expense Planning [CAPEX / OPEX] key capabilities include
ACTIVITY BASED COSTING
Determine true costs and their impact on margin and profitability by incorporating indirect and activity-based costs. Using CCH Tagetik's unified Financial Performance Platform, allocating and managing indirect/activity costs can drill down to the activity, product, project, customer and service-level for more accurate profitability reporting.
COSTING & ALLOCATIONS
With CCH Tagetik's powerful allocation engine, it's easy to allocate direct, indirect and activity-based costs down to the most granular level. Assess profitability based on detailed analysis of true costs across the organization, including all departments and all pricing positions, from distribution waterfalls to complete multi-step allocations across multiple dimensions.
With the ability to model FTE, capital investments and M&A scenarios, CCH Tagetik makes it easy to assess, evaluate and project the impact of anticipated and unanticipated expenses on the balance sheet, P&L and cash flow.
INTEGRATED FINANCIAL REPORTING
See how expenses affect all financial reports, statements, budgets and projections. With CCH Tagetik, you get real-time information on how expenses impact gross margin and cash flows so you can better delineate necessary versus unnecessary expenses.
REAL-TIME PERFORMANCE INSIGHTS
Get the right information, at the right time, in the right format - delivered the right way. CCH Tagetik provides real-time updates, alerts and notifications - via email, the application or your mobile device, so you can instantly assess, analyze and take action. From scorecards, to dashboards to web reporting and ad hoc analytics - CCH Tagetik powers real-time agile planning.
BUSINESS & OPERATIONAL MODELING
Test financial and operational assumptions to understand the impacts of what-if scenarios on your strategy. While you can compare results of your testing visually side-by-side, in a single click, you can also see the impact on performance reports like the P&L, balance sheet and cash flow.
On Demand Webinar
HOW PROVIDERS CAN SIMULTANEOUSLY REDUCE EXPENSE, IMPROVE OPERATIONS AND INCREASE REVENUE
During this webinar, Hunterdon Medical Center addresses how corporate performance management (CPM) applications can help meet vital objectives, including: Forecasting gross revenue based on inpatient/outpatient admissions, Projecting HR-related expenses per individual employee, Analyzing which procedures were the best and worst performers in each department to determine department profitability.
CCH Tagetik's expense planning Software is trusted by leading companies across all industries
Cost Planning, Expense Planning, Budgeting&Planning
Expense Planning, Sales Planning, Budgeting, Forecasting, Cost Control, Production Planning, Closing
Expense Management, Capex, Opex, Closing, Consolidation, Budgeting, Cash Flow Planning
Forecasting, Expense Planning, Reporting, HR Planning, Rolling Forecast, Budgeting, Planning
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