Acorn is a Time-Driven Activity-Based Costing (TDABC) platform for businesses, enabling precise cost attribution and detailed profit management.
Vendor
IgniteTech
Company Website
Acorn is a Time-Driven Activity-Based Costing (TDABC) platform designed to help organizations obtain precise cost-to-serve customer insights for both direct and indirect costs. It enables the accurate attribution of these costs against various business dimensions such as products, customers, regions, business units, and facilities. The platform functions by building business-specific models that account for the nuances of internal processes, allowing for a detailed understanding of cost drivers. With Acorn, users can also construct datamarts (OLAP cubes) to deliver accurate and insightful financial analytics across any business dimension, including SKU, product, customer, facility, and region. This comprehensive approach helps businesses clearly determine their profitable and unprofitable products and understand the underlying reasons. It provides access to insights that can aid in negotiating better terms with suppliers and customers, building reports and dashboards that foster profitable behavior across different regions and facilities, and developing optimal pricing strategies for products and services. Furthermore, Acorn supports making accurate decisions related to inventory, stock, and overall supply chain inputs, helping organizations understand how decisions impact their bottom line. The 2020 release introduced a new HTML5, web-based UI for its PA5G and AAA products, simplifying access from any location or device without requiring client-side software installation. This modern interface retains existing functionality to avoid the need for re-training, ensuring a smooth transition and continued productivity.
Features & Benefits
- Precise Cost Attribution & Profit Management
- Enables detailed understanding and management of direct and indirect costs.
- Clearly determine profitable and unprofitable products and understand why.
- Access insights to help negotiate better terms with suppliers and customers.
- Build reports and dashboards that drive profitable behavior across regions and facilities.
- Develop the right pricing strategy across products and services.
- Make accurate decisions relative to your inventory, stock and overall supply chain inputs.
- Strategic Financial Analytics
- Provides tools for in-depth financial analysis and strategic decision support.
- Identify your most profitable customers, channels and products.
- Run what-if profitability scenarios across multiple dimensions.
- Lower the cost of IT with shared services, and align resources with business demand.
- Get a clear picture of your organization’s cost drivers.
- Modern Web-Based User Interface
- Offers enhanced accessibility and ease of use for the PA5G and AAA products.
- New HTML5, web-based UI.
- Simpler access from any location or device.
- No client software installation required.
- Retains existing functionality, avoiding re-training.