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Activity Based Costing

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Activity Based Costing for Higher Education


Simitive ABC-HE

Simitive ABC-HE (Activity Based Costing for HE) has been developed with extensive consultation with over a dozen University Finance Leaders:
  • It is a comprehensive planning, modelling and reporting tool specifically designed to meet regulatory and strategic reporting needs.
  • As all Simitive modules it integrates seamlessly with other University systems to remove the manual effort normally associated with Financial reporting.
  • The unique rules based Activity costing engine allows standardised parameters to be infinitely varied to meet detailed analysis and reporting needs within a controlled permission based environment.
  • It producers TRAC and TRAC(T) returns as required by the Office of Students.
  • Enables clear visibility of positive and negative contribution from activities.
  • Allows Leaders to better visualise the resource and cost implications for the delivery of programmes, modules and projects.

When teams use Simitive ABC-HE:

  • There is a significant reduction in the cost and effort associated with planning and producing reports like TRAC and TRAC(T).
  • There is significant increase in consistency, transparency and speed of accurate cost allocation.
  • Modelling enables year on year as well as future planning.
  • The relative contribution of activities is easily visible.
  • Past performance trends, current  progress and future planning options are all simultaneously available.
  • There is a much clearer understanding of the resource and cost implications for programmes, modules and projects.
  • There is the clear ability to identify and deliver continuous improvement.

SOLUTIONS

Workload Management
​Activity Based Costing
Review and Engagement
Compliance, and Development
Student Engagement

SECTORS

University Staff and Students
Colleges and Schools

COMPANY

About us
Contact us
Twitter: @simitive
Email: info@simitive.com
Tel: +44 (0)117 911 7950
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  • News
  • Solutions
    • Review and Engagement
    • Workload management
    • Activity Based Costing
    • Student Engagement
    • Compliance, Induction and Development
  • Sectors
    • University Staff and Students
    • Colleges and Schools
  • About us
    • Partner with us
    • Work with us
  • Contact us