Cost allocation

ACHIEVE ACCURACY AND TRANSPARENCY IN COST ALLOCATION PROCESSES

Neubrain Cost Allocation Solution is an excellent fit for organizations that require functionality for activity-based costing, rate, and cost allocations. Most often, allocation rules are unique and specific to each organization. Our solution has a flexible framework where custom allocations can be created rapidly. Some of the allocation scenarios the component can support include the following: 

• Balance sheet, revenue, salary, and benefits allocations
• Ability to define unique allocation profiles 
• Ability to link a specific allocation profile to an expense category, department, etc.
• Allocations based on automatically calculated drivers 
• Allocations based on manually entered drivers (%, number, splits, etc.)
• Calendar-based allocations
• Multi-level and multi-step allocations
• Workflow, controls, reporting, and audit components
• Compliance with various Accounting, State, and Federal Requirements

KEY USERS AND BENEFITS

Neubrain Cost Allocation Solution is used by budget and financial analysts, comptrollers, budget chiefs, cost planners, and program managers for various tasks, including tracking and categorizing costs, creating what-if scenarios, and producing essential documentation and reports.