How Cost Rates Advisor Works

How CostRatesAdvisor Works

Cost Rates Advisor works in harmony with your accounting software and your estimating, pricing, and costing MIS/ERP software.

It analyzes your financial information and calculates the budgeted hourly rates needed by your MIS/ERP software for estimating, price markups, commissions, job costing, job profitability, and Work-In-Process reports.

By consistently using rates that reflect your current financial and production costs, you'll make sharper pricing decisions and win more orders with optimal profit margins.

Create a secure account.

Get started by selecting a Cost Rates Advisor edition and creating a secure account. You�ll immediately be able to log into your Cost Rates Advisor account and begin entering or importing your data*.

Enter or import your data.

Enter or import your equipment, expenses, and employee information into the user-friendly screens. Select how you would like to allocate your expenses using numerous built-in industry best practice formulas. Expenses can be allocated to SG&A overhead, General Factory Overhead, based on the area occupied by equipment, shared by a department, or allocated directly to equipment.

Step 2

The Data Import Wizard saves hours of manual entries by importing your data from spreadsheets or products such as QuickBooks, Enterprise 32, Monarch, Microsoft Dynamics, Print ePS, Sage, ADP, Paychex, and other software. With just a few clicks, your budgeted hourly cost are automatically updated in minutes!

Use your updated rates in your MIS/ERP estimating, pricing & costing software.

Cost Rates Advisor will calculate the out-of-pocket costs and the budgeted hourly rates for your equipment or service so you know how much you need to charge to recover costs and make a profit.

Rates can be computed for any equipment or service including prepress, mailing, sheetfed presses, web presses, digital,large format, flexographic, ink-jet, rewinders, cutters, folders, gluers, binders, handwork, kitting, and more.

Cost Rates Advisor provides the budgeted hourly rates needed by your MIS/ERP software for estimating, pricing, and tracking job costs such as Enterprise 32, Avanti, ePace, Monarch, Tharstern, HiFlow, Accura, Printreach, Printsmith, Radius, Microsoft Dynamics, and other software.

Benchmark your costs & rates against the competition and industry.

Benchmark your labor, factory, and overhead costs and budgeted hourly rates other companies.
A Competitive Cost Score benchmarks your rates against the median value of data collected from other companies.
Compare individual equipment and services.
Compare your entire plant to companies with similar equipment.
Find out if and where your costs are higher or lower than the competition and industry.
Provides the information you needed to support markup and pricing strategies.

Plans and Prices

Still have questions? Speak with a consultant.