Cost of goods manufactured (COGM) software
How much of your completed cost is "actual" production?
cost of goods manufactured (COGM) software is one of the essential tools for financial managers active in today's uncertain market. With the rapidly changing prices of currency, raw materials, logistics, machinery, maintenance, and repairs, among other factors affecting direct and indirect overhead costs. COGM software simplifies the complex accounting processes in the industrial sector, allowing you to calculate the completed cost of your product with a few clicks. COGM software is one of the core tools of your production control system. This software enables you to view the metrics, indexes, and unique ratios of your organization and to be involved in financial and capital management policies.
Key features of the COGM Software
Advantages of COGM Software
- With the Teamyar’s COGM software, you can control the fully loaded cost of your products at any time and from anywhere.
- In this software, we have provided you with control and flexibility from the driver level to the allocation level.
- In this accounting software, you can have access to the fully loaded cost of your manufactured goods with just one click.
- In the Teamyar’s COGM software, you can view the reports you need in a manner that suits you and in the place you prefer.
- In the COGM software, we guarantee accurate, efficient, and timely reports delivered in the manner you approve.
- In the COGM software, we provide you with various decision-making methods, from direct and indirect costings to deviations.
- In the fully-automated COGM software, we offer flexible reporting, from various allocation methods and formulas to different time periods, with full control at your discretion.
- We will equip you with COGM software in less than 60 days.
- As a financial manager, we do not limit you to a specific software. You can enter the required data from any software into the price production accounting software.
Completed Cost of goods (COGM) Software Subsystems
- Computing courses
- Definition of stimuli
- Choosing the basis and rules of cost transfer from service departments to production departments
- Determination of overhead absorption rate
- Initial distribution
- Secondary distribution
- Material absorption operation
- Wage recruitment operation
- Overhead absorption operation
7 steps towards COGM software
From the moment you choose Teamyar’s COGM software as the software for the cost of production of your business, a group of financial specialists will be by your side on the way to equip your organization with the most accurate methods of calculating the cost of products and goods sold. The purpose of this partnership is to synergize and implement agile pricing solutions in a completely customized, accurate way, using metrics and formulas unique to your organization. The stages of understanding the business structure, sharing bases, calculation periods and cost centers require mutual participation and agile cooperation of the parties and will be completed with the formation of inter-organizational operational teams.
After preparing the business recognition document with the participation of your organization, the stages of proposal and implementation of the customized method of calculating the cost price according to your needs will be carried out quickly by the price specialists. But implementation is not the end of this path; A group of cost experts will take on the task of testing and optimizing cost performance in your business. The end point of COGM software team's activities is the moment of receiving written consent from you; The moment that for us is the beginning of a continuous path and constructive communication.