ABC

Simitive Activity Based Costing (ABC) unique processing function enables analysis of cost and contribution to a level of detail not previously possible, but essential to inform the planning and management of financial stability and growth.

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Start small and grow

ABC supports incremental approaches to costing, starting with TRAC/FEC and progressing through greater levels of detail as time and available data permits.

  • Start simple and grow as required
  • University or Faculties, Schools, Departments
  • Staff costs, staff non-staff, or full costs
  • Income and expenditure at organisation or down to course and module levels

Multiple Versions and Comparisons

ABC supports the creation of (cloning) multiple versions of a year allowing easy comparison of multiple different approaches or models.

Version Comparison

Side by side comparison of up to three versions

Peer Group Comparison

Comparison against Peer Groups for TRAC

Income & Expenditure

Comparison for Income and Expenditure

Course Contribution

Course contribution comparison

Level-Based Comparison

Comparison at University, School, Department or Course levels

School & Course Comparison

Compare schools and courses against each other

Audit

ABC provides a full suite of Audit tools and validation to ensure accuracy and trust.

  • Validation at every stage from import, through processing and post processing
  • Easy visualisation of routing for income and expenditure pre-processing
  • Detailed routing visualisation post processing
  • Suite of Audit specific reports

TRAC/FEC Reporting

ABC enables the completion of TRAC/FEC returns compliant with regulatory standards.

  • Fully Compliant Return Creation
  • Multiple Version comparison before submission
  • Graphical and tabular views
  • Analysis at university, school and department levels

Cost and Contribution Analysis Organisation

ABC allows the easy visualisation of costs, income and contribution at every level of the institution.

  • Income, expenditure and resultant contribution visible at every level of the institution
  • Easy comparison of faculties, schools and departments
  • Drill down from university through to activities and courses
  • Compare teaching, research across schools and departments

Course and Module Contribution

ABC provides easy visualisation of contributions by courses and modules.

  • Identify Course and module ranking by contribution
  • Easily see full income and expenditure details for courses and modules
  • See fully detailed routing for all income and expenditure for each course and module
  • Easily compare courses, course instances and student types per course within a single year or across years

Student Cost and Contribution

ABC provides detailed analysis of contribution by student across the institution.

  • Identification of income and expenditure associated with each type of student
  • Analysis at university of any other part of the university
  • Easy comparison of student type contribution by schools and departments
  • Provides Cost per student analysis by school, Module credit and module level

We chose Simitive because they could meet our requirements, their service is professional, and the system is structured and future-proofed.

The product is helping to facilitate conversations to see how we structure things and ensures we are set up in the most effective and efficient way. We have a system that now allows us to do more than present numbers.

We present our outputs to our senior staff and oversight groups and produce analytics and graphs which help with internal decision-making and flexibility.

We can compare different periods and versions, and then change the different variables and analyse them. The potential is huge.

Implementation and Support

Whatever stage you are at and whatever challenges you face the Simitive Team are available to help.

If you don’t know where to start, talk to us and we can help you achieve what you want either through implementing it for you or by providing TRAC as a Service and Costing as a Service where the Simitive Team administer and manage the system for you, up to and including creating your TRAC return.

Cost and TRAC Comparison Reporting

If you are worried about time and internal resources and aren’t yet ready for either the system or the system as a service, the Simitive Team can carry out analysis for you comparing TRAC or Costing and provide a report detailing the key points of comparison and analysis.

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Integration

Integrate with your existing systems, including HR, Finance, Student Records, Research

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Include best in class support from our team of highly experienced Team

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Include all fixes, updates and new versions of the software

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