Effective Procurement Costing in M3

Optimize your cost allocation for stronger financial insights

Many companies lack a comprehensive procurement costing model that captures all costs, and even fewer have integrated this with accounting control for effective monitoring and analysis.

Costing Model with Streamlined Integration and Precision
At Meridion, we help you easily track indirect costs and reduce uncertainty in financial reporting. By developing a customized costing model and allocation keys, we ensure accurate cost allocation. This process not only strengthens financial transparency but also enhances the company’s ability to make well-informed decisions based on reliable data.

In the next step, we integrate the costing model with the accounting control to ensure that each goods receipt is correctly recorded, providing a solid foundation for continuous improvements. In the third step, we assist you in comparing actual costs against pre-booked costs to fine-tune our allocation keys and improve cost accuracy.

Expected Benefits:

  • Reduced uncertainty through full control over indirect costs.
  • Customer service gains access to actual margins during order registration.
  • The marketing department gets better data for pricing and promotions.
  • All departments work from the same, updated figures.

Infor is a global leader in business cloud software specialized by industry. Infor develops complete solutions for its focus industries, including industrial manufacturing and distribution. Meridion is a Channel Partner to the ERP system M3 and other related Infor products.

Purchase Effective Procurement Costing in M3 today

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Lars Nyström image
Lars Nyström
Sales Manager