Your costs are constantly changing. Which means the budgeted hourly cost rates in your MIS/ERP software should also change.

If you haven't updated the rates in your MIS/ERP software in the last 6-12 months, all of your cost-based calculations, reports, and benchmarks are likely incorrect including:

• Estimating labor, factory, SG&A, and other costs.
• Establishing prices based on costs and markups.
• Calculating cost based or value-added based commissions.
• Tracking and reporting job labor, factory, spoilage, and other costs.
• Tracking and reporting profitability of jobs, products, customers, etc.
• Calculating the valuation work-in-process or finished goods.
• Measuring the cost effectiveness of employees, equipment, and production.
• Any screen, report, or data based on a budgeted hourly cost rate.

Cost Rates Advisor solves this problem. It makes it easy to keep your budgeted hourly rates updated! With just a few clicks, import or input your latest expenses and other accounting data, and watch as your rates are instantly updated !

By leveraging rates that reflect your current financials, you'll generate more accurate estimates, make informed pricing decisions, and win more "Good Sales" with optimal profit margins.