SAP Implementation

B/S and P&L generally prepared in Excel by taking the Trial balance dump from SAP system.
Lot of adjustment entries are not accounted for in SAP books, as final statements are prepared in Excel.
Accommodate all such adjustments in acceptable way to get post in the SAP book.
No ABAP work, No additional configurations required, designed with SAP Report Painter
User friendly and simple to make changes
Implemented in multiple organizations

Actual costing with traditional method without ML

In SAP implementation of Actual costing with Material Ledger is a complex and tedious task for many organizations.
Yes, there is a way to achieve it without complex ML
In traditional way of costing, we download the TB with Cost centers and allocate all cost to the respective Product head.
Transfer cost from one process step to other till the end
Get the final product cost with stock adjustments.
Best suited for all Process and manufacturing industries

Reconciliation of Finance Profit and COPA Profit

In SAP issue is to reconcile the COGM (Cost of goods manufactured) and COGS(Cost of goods sold) in COPA.
This we have cracked & we can solve this problem for any complex business with this solutions.
All the Auto post GL Accounts in SAP should be combined, & balance would be “NIL”: Say total for following account heads

RM/PM/SFG Consumption
SFG/FG COGM
Secondary CE (43 Category)

Cost Audit Report – Para and Quantity Chart

Cost Audit Report is a statutory requirements,
It is prepared in excel & submitted annually
We have solution for all costing para, finance para and quantity para for this cost audit report,
Designed in same way as we prepare in Excel, however with SAP & system-based controls.

Business Process and System audit for GAP identifications

We might be using SAP for quite a long time, still there are many business processes where we have challenges, but we are not sure as how find it out and address.
This is the right time & solution for this challenge, our team will interact with Business users & Study the SAP system to dig out the real challenges & recommend the practical approach to address the same.
We also help technically to address these points based on approvals.

Activity Based Costing for Service & Mfg.

Indirect cost sometimes play major role in costing of product & services. E.g.. Distribution cost, Handling cost, Labor cost, Overhead cost etc.

There is a specific allocation mechanism by way of Activity Based Costing where, separate Business Processes and Cost Drivers would be there for accurate allocation to get the TRUE COST of product and services.

Capex solutions with SAP Project system/IO

Capital expenditure (CAPEX) is one of the big spends in any organizations, the tracking in terms of its budgeting & spends needs to be full proof.
SAP Investment management module takes care of the allocated amount for the total capex spends and link it with multiple Projects and Internal orders for spend tracking and budgeting
On monthly it would be transferred to AUC (Asset under constructions)
On completion the AUC would be transferred to Fixed Assets
All the reports for PO, GRN, Vendor Invoice and complete tracking would be available for each CAPEX.

Inventory valuation as per AS-2

Inventory for Finished & Semi-finished goods need to be valuated at COST or NRV (net realizable value) which ever is less.
This product helps to calculate COST as per the actual/traditional process costing model.
The difference in valuation would be posted in the books by way of reversible financial entries.

MIS reports through SAP only

Mostly all the MIS reports are prepared outside the SAP system, and all are person dependent & time consuming.
We have the solutions where we utilize existing SAP system capabilities and build all the MIS reports to eliminate the manual person dependent activities.
These MIS reports are readily available in SAP system itself for reporting, no need to download and present to Seniors.
MIS reports includes quantitative details, cost details, sales details, production details and many more

AMS Support for SAP Costing and Finance

We provide specific support for any issues and requirements related to the finance and costing team
All the points of business and SAP users are addressed to the point of satisfactions.
We provide onsite & offsite support as per the requirements.
Regular monitoring of the issues and solutions being done at highest level.

SAP Budgetary Control system

Operational Budget (OPEX) is controlled through SAP BCS (Budgetary control system).
Sales budget, Marketing budget, Travel Budget, Admin cost budget, Purchase Budget etc. are all controlled through the SAP BCS
Tolerance and availability check features are there at commitment level and actual spend level as well
Department wise and Budget head wise tracking possible
All the options of supplement, transfer and return available
Carry forward and reporting is available at line item and summary level.
SAP Standard solutions available for this with no additional license cost for this.

End to end work of the Costing department

Hiring, training and retaining the Costing users is a very big challenge for any organizations in the long runs
We are offering trained & experience costing users to work as business users & carry out all the required costing activities and support in the reporting work as well.
Here our support will always be there to the costing team for any kind of technical or functional issues and requirements

Trained & Experienced SAP FI & CO Consultants

At Infocost we train our resource in such a way that our resource can handle any type of business requirements,
Our training pattern is very exhaustive & detail we focus on all aspects of SAP and business.
Training covers all the areas of FI, CO, Basic ABAP, Cutover, Authorizations, Funds management, Cross module work i.e., P2P , O2C complete processes, Production executions and Documentations.
Minimum 4 to 6 months of rigorous training gives us the true output of good SAP FICO resources.
Our costing is also affordable as compared to other big 4 players in the market.

Parallel Inventory Valuation

“Valuation of inventory in multiple currencies is mainly required for the Multi National Companies, where the head ofﬁce and business unit exist in two different countries with different currencies as well.”