Advanced and flexible solution for landed costs management. Improve accuracy, save time, minimize human mistakes and risks.
Not so long ago, the landed costs were just one insignificant line among voluminous general expenses. Recently, businesses have been expanding globally. Therefore, international sales are growing rapidly. Thus, the importance of landed costs is continuously increasing.
Improve accuracy and save time with an enhanced solution for landed costs management
Undoubtedly, landed costs management has a growing impact on companies’ financial results. Although, the allocation of landed costs is usually time-consuming and exhausting.
To help the companies solve these issues, we have designed an enhanced solution for the landed costs management. Following Dynamics 365 for Finance and Operations terminology, the functionality is called miscellaneous charges.
Unveil full potential of necessary functionalities
The solution is enriched with functionalities necessary for precise and easy landed costs management. Meantworthy, the standard Dynamics 365 FO functionality is missing it. The flexible filters allow for precise selection of the lines to be allocated. Additionally, you may choose the allocation method. Finally, a simple and convenient reversal of landed costs is also allowed. Note that the standard functionality is missing this option at all.
The more invoices you have, the more you save
We have measured the “before” and “after” metrics for a typical charge allocation process. Apparently, the more invoices you have – the more you save. Moreover, you can accelerate the allocation of landed costs by 25 times, and reverse – more than 200 times! Basically, it only depends on the number of purchase invoices.
Find out more reasons why it is worth to consider an automated solution for landed costs management.
BENEFITS
Time saving
Flexible
Easy editing
High accuracy
Optimal Allocation
Time taken for... | Dynamics 365 Standard | GO-ERP Solution |
---|---|---|
100 purchase invoices | ~ 3 hours | ~ 10 mins |
500 purchase invoices | 17 hours | ~ 40 mins |
Time taken for... | Dynamics 365 Standard | GO-ERP Solution |
---|---|---|
100 purchase invoices | ~ 5 hours | ~ 2 mins |
500 purchase invoices | 17 hours | ~ 5 mins |
Compare our solution capabilities with standard Dynamics 365 FO functionality
Functionality | GO-ERP Solution | Standard Functionality |
---|---|---|
Allocation of miscellaneous charges: | ||
--- to the amount of items, total amount, single vendor's invoice | ||
--- in equal parts for each invoice line | ||
Single charge across multiple invoices | 1 Click | as many steps as invoices |
Automated creation of misc. charges entries | ||
Purchase order, vendor invoice, vendor invoice journal, general journal | ||
Invoice register -> Invoice approval journal | ||
Vendor invoice pool excluding posting details -> Invoice journal | ||
Manual creation of misc. charges entries | ||
Modelling of allocation of misc. charges | ||
Manual editing of allocated misc. charges before posting | ||
Partial allocation of misc. charges, unallocated amount is visible | ||
Automated reversal of misc. charges | ||
Allocation of misc. charges on a sales invoice | ||
Audit trail report with detailed transaction information | ||
Risk of failing to allocate misc. charges in full | very low | average |
Possibility of human error | very low | high |
Speed of allocation of misc. charges across multiple invoices | very fast | very slow |
Traceability of misc. charges posted | easy | complicated |
Error correction after posting | simple | time consuming |