Cost control is critical in today’s competitive economic environment, and knowing where costs are incurred is an important part of every CFO’s job. EmpCenter Activity Based Costing tracks the largest controllable expense—your employees—and provides better business information to help you make smart decisions and better manage labor costs. Activity Based Costing tracks time worked against activities, such as projects, tasks, and work orders, to determine the time and costs associated with different areas of the organization.

EmpCenter supports an unlimited number of labor fields such as client, cost center, project, task, and work orders so your time tracking is detailed and granular.  Other features of EmpCenter Activity Based Costing allow defaults and restrictions to limit the codes available to defined groups of employees, rather than allowing anyone to charge to any area.  EmpCenter also supports hierarchical relationships so for example, a selection of a particular project at one level presents only valid tasks to ensure employees enter the required information.  Employees can change projects or tasks as often as necessary within a shift or pay period.

EmpCenter Activity Based Costing Solution Features

• Supports an unlimited number of labor cost fields with unlimited length
• Each labor cost field can have a unique name and screen label
• Enforces defaults and restrictions
• Maintains favorite list of codes for each user
• Supports search labor lookup lists by code or description
• Calculates costs by labor code using actual and/or standard rates
• Tracks hours worked by shift and job code to determine proper employee pay

EmpCenter Activity Based Costing Integration Features

• Integrates lookup lists from your commercial or in-house project tracking system in real-time, in batch, or by incremental loads
• Interfaces hours and costs from EmpCenter to external project tracking and financial systems
• Interfaces work order time to maintenance systems, such as INDUS, Maximo®, and Avantis
• Runs interfaces on-demand or automatically throughout the day

Benefits of using EmpCenter Activity Based Costing

• Provides insight into the fastest-growing and least visible element of  your overhead expenses
• Improves profitability by monitoring total life cycle cost and performance
• Improves the effectiveness of budgeting by identifying the cost/performance relationship of different service levels
• Encourages continuous improvement and total quality control because planning and control are directed at the process level
• Links corporate strategy to operational decision making
• Eliminates waste by providing visibility to non-value added activities
• Improves make/buy, estimating, and pricing decisions based on product cost that mirrors the manufacturing process
• Improves decision making
• Reduces accounts receivable by tracking detailed billing information