ValuMax Activity-Based Costing System
ValuMax is a fully-fledged Activity-Based costing system that has been designed to be flexible enough to be used in most industries. ValuMax can be used equally by large integrated conglomerates as well as independent business units. Its strength is in providing the total picture. ValueMax has the processing capacity to cater for large scale application.
Supported Technologies
Windows 95/98/ME,
Windows XP/2000/NT
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Pricing
- Unspecified -
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Additional Product Information
Costing is an integral part of modern day financial management and ValuMax is designed to maximise organisation effectiveness. It’s flexibility in structuring cost flows and links assures the system is built the way the organisation works, not the way the system demands. It is the system for organisations that really want to know and manage the cost of products, activities, processes and customers, thus allowing dramatic improvement of performance.
This Activity-Based costing system has been developed for organizations that wish to integrate ABC into their operational systems and be able to produce costing on a regular and cost effective basis. It caters for extremely large volumes of data with thousands of resources, cost objects and activities. It has a sophisticated cost calculation mechanism that is able to transfer cost in many thousands of directions and solves simultaneous cost equations that exist in large complex businesses. The system has specifically been adapted for financial institutions to navigate the branch infrastructure. It is also used successfully for IT costing applications and in hospitals.
This object-oriented development handles objects such as business units, processes, activities, tasks, volumetric measures, cost and resource drivers, cost transfer mechanisms, cost objects, transfer pricing and actual costing, bill-of-material structures, output to multi-dimensional databases and standard reporting, full import capabilities from external sources and databases, benchmarking and a multitude of activity and cost object analyses. It provides reporting in the format of OLAP cubes and also exports to certain OLAP cubes such as TM1. It runs on MS SQL Server, Oracle or other SQL compliant databases.
For the organisation where:
> Strategy formulation is based on facts about the organisation not on intuition;
> Re-engineering is done purposely to drive out costs;
> Continuous improvement and continuous feedback about performance is a way of life;
> Knowledge and drill-down to the underlying components of cost is essential;
> The system is controlled in-house by management accountants;
> Cost of costing has to remain low.