Understand the True Performance of Your Business
2019 Release 2 Highlight: Dynamic Allocations Reaches a Milestone on the Path to a Continuous Close
Leverage Automation to Manage Revenue under New Nonprofit Guidelines
Allocate indirect costs or revenue without complex spreadsheets
Eliminating the need for error-prone and time-consuming spreadsheets, Dynamic Allocations provides indirect costs and revenue contribution allocation across products, projects, departments, and other critical dimensions of your business.
Remove complexity from allocations
The set-up and ongoing maintenance of allocations in the system is easy—taking something that’s complex by nature and making it simple and intuitive. Allocations can be set up as recurring or scheduled, saving you up to three days each month—time for more value-add activities.
Avoid time-wasting manual corrections
Our flexible true-up options save you from having to go in and make corrective post-period adjustments. Corrections can be baked into the allocation equation automatically following a strategy defined up-front to catch and account for change.
"Dynamic Allocations has enabled us to do the valuable allocations that we have always wanted to do but didn’t have the manpower. By using automated journal entries in Dynamic Allocations, we’re saving an accountant 1-2 days of work a month and are able to provide even more valuable insights to management."
Assistant Controller, Deseret Mutual Benefit Association
Be prepared with the best audit trail, complete with snapshot views of allocation rationale and calculation parameters automatically attached to each allocation journal entry for complete transparency.
Use data to drive decisions and strategy
Our unique, multi-book approach enables consistent before allocation and after allocation views, which even allows comparison of allocation methods. This lets you to see the impact of your allocations to guide your decision making and allocation strategy.
Automation and productivity
- Easy set-up and repeatable allocations allow for more time spent on oversight, analysis, and strategy
- Automatic corrections eliminate post-period adjustments
- Compare allocation methods to drive strategy
- Increase transparency with a rock-solid audit trail