Cost Allocation

Allocate your costs equitable

In the context of overall bank management, cost accounting is a starting point for breaking down total costs into the relevant outcome dimensions (e.g. business areas) to enable the identification of value-adding and value-destroying sectors of the bank. The allocation of costs to originators provides the basis for efficient cost accounting.

The cost allocation module is used to represent the costs incurred by cost centres and cost elements and to distribute them with any workflow, with fixed keys or stock prices to the originator. Specifically, zeb//control financial supports you with the following functionalities:

Configuration and simulation of cost allocation

zeb//control financial enables the distribution of the costs of one cost category to various cost centres and also guarantees the settlement of all costs of a cost centre to other cost centres. The attribution of the costs can be differentiated on the basis of distribution keys. The distribution keys can be individually set or derived from an existing data pool.

The cost allocation of zeb//control financial allows a more gradual approach with the distribution of costs in different constitutive steps. In addition to this allocation of costs, temporal boundaries can be established for costs occurring only once a year. These definitions can be laid down manually or automatically. The simulation of different cost allocations allows you to directly examine the proper distribution before the next scheduled distribution runs.

Integration and flexibility

The results of cost allocation are both available in reporting and in the ad hoc analyses of the module for customer business control. Moreover, the costs assigned and allocated can be made available to other information systems.

The cost allocation module is very flexible and, as a result, can also be used for other applications (e.g. allocation of commission income) that, for technical reasons, are only available at a bank-wide level. The user marks a cost allocation as "currently valid" and can create further configurations for simulation purposes. This provides maximum flexibility in designing/developing the in-house accounting concepts.

Do you need further information or are you interested in using zeb//control financial in your bank? We would be pleased to arrange a meeting at your office to present all the functionalities of zeb//control financial and discuss its application in your bank.