Financials Expert Shows How to Use Tracing Factor Automation in Cost Allocation to Achieve Efficient and Faster Month-End Closing.

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Dedham, Massachusetts, United States of America (Free-Press-Release.com) November 14, 2011 -- Financials Expert Shows How to Use Tracing Factor Automation in Cost Allocation to Achieve Efficient and Faster Month-End Closing.
Dedham, Massachusetts – November 14, 2011

SAPexperts posted a new article, “Use Tracing Factor Automation in Cost Allocation to Achieve Efficient and Faster Month-End Closing,” to its Financials Expert knowledgebase.

This article explains how to use tracing factor automation to reduce the amount of time necessary for cost allocation. This is an increasingly important method for dealing with the many changes in production floor operations, since the rules for allocating site- support costs to the production and quality cost centers need to be revisited multiple times a year.

Learn how to consolidate and update directly into your SAP system a periodic Excel-based cost allocation plan obtained from site finance managers. Bob Croce, product director of SAPexperts comments, “Calculating planning costs is often one of the more tedious tasks at the end of each month and this article focuses on using tracing factor automation to streamline this process.”

The article is written by Ashim A. Nanda, Senior Consultant, IBM Global Business Services. The article abstract is located at: http://www.financialsexpertonline.com/article.cfm?id=6143

About the Author:
Ashim A. Nanda is currently leading multinational projects as a senior consultant in the FI/CO area for biopharmaceutical clients of IBM Global Business Services. Ashim has seven years of consulting experience with clients in the biotech, telecommunication, automotive, and high-tech industries. Ashim holds an MBA in finance and systems engineering from Xavier Institute of Management, India, and a degree in electrical engineering from University College of Engineering, Orissa, India.

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