Did you know Solver Cloud is brilliant at performing allocations?
Solver Cloud doesn’t include a discrete allocations module, but it is fully capable of performing a wide range of allocations. Solver Cloud can calculate and store allocations to a budget or forecast scenario ORcalculate allocations for an actual scenario and prepare the output in an Excel journal entry format that can be imported to your accounting system for posting. The secret sauce is Solver Cloud leveraging Excel as its designer tool. Allocations:
can be based on relative values, fixed percents, fixed amounts (or a combo like 2.5% of revenue or a minimum of $5,000)
based on any data in the Solver Data Warehouse (i.e., revenue, units produced, FTEs, labor hours or dollars…)
calculated with familiar Excel formulas.
Stop generating reports, copying/pasting data in Excel to calculate allocations and re-enter the output into a Solver Cloud input template or your accounting system. Work Smarter not Harder! Use Solver Cloud for Allocations.