Westernacher

Cost Accounting

Many industries today are impacted by structural change. The causes for these changes range from mergers and acquisitions (to take advantage of the economies of scale, or absorption by a few market-controlling enterprises), to implementation of shared service centers, outsourcing operations or changes in market and industry regulations (particularly in the energy and telecommunication sectors).

These structural changes pose completely new challenges for cost accounting. Knowing your bottom line at every stage has never been more critical. To stay competitive, you need a cost accounting system that is as agile as the market, which delivers details on demand and streamlines your business. Moreover, it has to be easy to use and flexible enough to meet your continually changing needs and legal structures. Above all, it must be closely aligned with your company goals, so as to have relevance spanning the entire enterprise, and sometimes even surpassing enterprise boundaries.

How Westernacher Can Help

Westernacher specializes in helping companies master these challenges by the following:

Creating or optimizing comprehensive and flexible Profitability Analysis mechanisms across the enterprise on a market, business unit, customer, product and component level.

Analyzing and evaluating Cost Accounting Business Processes company-wide and assuring their technical and functional implementation.

Keeping reporting systems and processes up-to-date with the latest business intelligence tools, in order to provide decision makers with unified, relevant and timely information about the business.

Aligning or re-adjusting Forecasting, Planning and Budgeting Methods, based either on the traditional year-by-year approach or newer methods such as Beyond Budgeting or Advanced Budgeting.

Integrating a potentially heterogeneous system landscape functionally and/or technically with standardized or proprietary EAI tools, according to your business needs.

Combining Cost Accounting and Supply Chain Planning to generate financial forecasts from volume forecasts (e.g. APS systems).

Determining Key Performance Indicators (KPIs) that accurately identify business performance and competitiveness.

Why Westernacher?

We have more than 35 years of experience in various industries, SAP environments as well as in finance and cost accounting. This expertise enables us to realize innovative solutions for our clients fulfilling their expectations in terms of quality and longevity. In the financial domain, it is particularly important to create adaptable and responsive systems and processes. We have experienced consultants who understand these issues, and can help you gain a quick and reliable overview of your enterprise and provide you with an improved insight into its performance.

Benefits of our Cost Accounting solutions:

• Flexible profitability analysis – independent of existing legal structures
• Increasing the relevance of reporting by directing it to decision-relevant information
• Seamless integration of heterogeneous system landscapes
• Congruent representation of actual and plan data at the same level
• Integration of financial and supply chain planning
• Flexible reporting structures across the enterprise