Activity Based Costing

Activity Based Costing for Higher Education

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 costing, planning, modelling and reporting tool specifically designed to empower university leaders as well as meet regulatory and strategic reporting needs.
It allows leaders to better visualise the resource and cost implications for the delivery of programmes, modules and projects.
The product logically generates contribution data on ALL activities and facilities.
As with all Simitive products it integrates seamlessly with other University systems to remove the manual effort normally associated with Financial analysis.
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.
In addition it produces TRAC and TRAC(T) returns as required by the Office for Students.

There is confidence in the model and outputs.
A common and widely understood view of financial aspects is created.
There is significantly improved efficiency in producing and appropriately sharing the required outputs.
Investment appraisal becomes consistent and comprehensive.
Modelling becomes possible from whole university level down to methods of delivery.
OfS TRAC requirements are met confidently and efficiently.
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.

Absolute clarity of costs and contribution of activities with ability to financially plan activities