Financial forecasting and budgeting software

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Moreover, you can implement standard vs actual costing inefficient and well-equipped ERP systems for manufacturing firms. These standard costing variances include labour hours and pricing, the purchase price for materials, material usage, and overhead spending usage variances caused by production volume or machine hours changes.

Smart shop floor modules
The cost control software has specialised features inside the ERP systems to create a smart shop floor application that uses machine learning, IoT sensors (Internet of Things), and AI (artificial intelligence) software.

These are the watchdogs of the factory floor. They initiate real-time hungary phone number list alerts to trigger exceptions when manufacturing processes deviate from standards. The sooner you get an, the less scrap and rework cost you’d bear.


Advanced forecasting and budgeting software comes in two forms: it’s either a software module of a bigger ERP system or a separate tool you can buy on its own. It helps you generate more accurate sales forecasts and expense budgets for cost control variance analysis.