Easily define, capture and track extended workforce costs with precision using Beeline’s flexible user‑defined cost allocation methodology.
Cost allocation is the process of identifying, accumulating, and assigning costs based on specific criteria to objects such as departments, products, programs, or a company branch.
Accurately tracking allocated costs helps you identify the expenses incurred by each department or product line and trace which cost objects are profitable and which are incurring losses. Armed with that data, you can improve operational efficiency, justify assigned costs, make informed business decisions about allotting resources, effectively manage staffing, ensure you’re complying with regulatory requirements, and much more.
Beeline offers a flexible, user-defined cost allocation methodology that helps you and your users consistently distribute, effectively capture and accurately track extended workforce costs across all financial products in Beeline Enterprise.
Main benefits
-
Simplify capturing cost allocation data with a flexible, effective, user-defined methodology.
-
Accommodate complex cost allocation structures and precisely track how costs are assigned to your various business units.
-
Choose percentage, unit or amount allocations to tailor how cost allocations are assigned.
-
Increase financial data accuracy with real-time validation throughout your procurement workflows and invoicing with built-in standardized web services.
-
Prevent invalid cost elements from being uploaded to your internal system.
-
Empower your users to leverage your user-defined cost allocation structure to appropriately assign costs across all financial products in Beeline Enterprise.
-
Optimize your users’ experience by defaulting values for cost allocation segments.
-
Set effective dates for cost allocation strings and get credible cost allocation data that aligns with your in-house systems for accurate invoicing and reporting.
TIP: Effective dating is currently available in the Contingent Staffing module only.
Persona
All Beeline Enterprise users who enter or track costs for your program, such as clients, program office users, suppliers, and contingent talent.
Action required
Adding the Cost Allocation features requires a Make a Change ticket and Enterprise configuration. Contact your Client Operations Manager (COM) to learn more.
Ready to explore?
- Terms you should know
- Understanding the components
- Including fields in your Advanced Notification Templates
- Managing cost data with imports
- Your users’ experience
- Reporting
Documentation release: Beeline Enterprise | Q4 2024