FEATURES

There are 3 phases involved while using the tool. Phase I – Rule Creation Phase II – Data Preparation Phase III – Cost Analysis Phase I The CMS tool allows the user to create standard rules which can be used to apportion the common cost of the organisation among various cost centers. The user can create multiple rules as standard templates and select a rule to be applied during the cost analysis phase. The user can decide at what level the standard rule should be applied to the expenses whether at the control account level or sub control accounts level or at the individual GL code level. The CMS tool also allows the user to have Adhoc rules which can be used directly at the time of cost analysis. This gives the user the needed flexibility to use the relevant type of rules when needed. The Phase II The cost information gathered in any financial application can be exported to 4Sight CMS tool. The user has the flexibility to decide the details being imported and the validity of the data being imported. When imported the tool can check the quality of data imported and identify the data that are not matching the validation criteria provided by the user. The CMS tool provides the information of the rejected or not accepted data as to which validation criterion is not matched. The user can correct the data and then update the accepted data in the CMS tool. The CMS tool allows the user to import the same data more than once and keeps the last imported data for analysis. Phase III The Cost Analysis phase is where the collected data will be selected processed for analysis based on the rules created and allocated. The user can select the expense group and the system will provide the related rule information of the selected expense group. The user has the option to process the data with the standard rule attached or to use Adhoc rule. Once the data is processed the user can view the processed information as reports as per the allocation.