Product Costing Solution

100% flexible and simplified
Product Costing

Enterprises who calculate their product and manufacturing costs as well as quotations accurately, across the complete operational chain of departments - from production, sales to controlling – are economically successful. The more accurate the estimated cost, the decision-making will be more precise, thereby ensuring a forward-looking and efficient control of the business.

Product Cost Calculation With Nexus

Contemplate about the costing requirements of the organisation, and discover important functionality for inventory valuation, standard product costing, production order costing, actual costing, and more. S/4HANA has made some groundbreaking enhancements & changes in the areas of Financial Accounting and Controlling. Our Product Costing solution has adopted the new functionality in Account Based Profitability Analysis, Material Ledger, Fixed Asset Accounting and the General Ledger and has designed keeping in mind this new functionality. From the S/4HANA 1809 release, several new improvements have been made to Product Costing in the GUI and FIORI, introduction of some new fields and has integrated the Target Versus Actual Costing data within the Universal Journal, the same has been incorporated in the solution. Discover the SAP FIORI applications streamlining the organizations’ product costing activities, preparing for the organisation for improvement in efficiency and control of business.

Highlights of the solution
  • Go through inventory valuation, actual costing, and more
  • Realize the standard product and manufacturing order costing
  • Discover new SAP FIORI apps and roles
Complete Sales Planning in Manufacturing environment SAP S/4HANA and Controlling The Material Ledger
  • Planning and Budgeting
  • Sales & operations Planning
  • Cost centre Planning
  • Profitability Planning
  • Simplified Planning Model for Financial Planning
  • Functional Expenses and Sales Costs
  • Commitments and Budgeting
  • Profitability Analysis (CO-PA)
  • Product Cost Controlling (CO-PC)
  • Overhead management (CO-OM)
  • Investment Management (IM)
  • Inventory Valuation in the Universal Journal
  • Compulsory Use of Material Ledger for Inventory Valuation
  • Transfer Prices and Group Valuation
  • Architectural Changes in Actual Costing
Actual Postings SAP FIORI Applications
  • Process Flows Integrated: Purchase, Produce, and Sell
  • Distribution of Usage Variance
  • Cross Company posting
  • - Search Models and Fact Sheets
  • Cross-Company Resource-Related Billing for Professional Services Revenue Recognition for Professional Services
Allocations Using SAP Profitability and Cost Management (PCM) The Universal Journal Planning Using SAP BW Technologies Period Close - the SAP Financial Closing Cockpit
  • - Allocations in SAP PCM
  • Merging Accounts and Cost Elements
  • Cost Centers, Orders and Projects
  • Profit Centers, Functional Areas, and Segments
  • Profitability Analysis (CO-PA)
Features of the Solution
  • Calculation and simulation across cost estimate and accounting areas
  • Integration into SAP variant configuration
  • Calculation and simulation of a complete product cost lifecycle
  • Generation of calculations without templates or based on document structures, sales order, sales materials, work schedules etc.
  • Work flow-supported calculation processing and generation of cost estimates
  • Customer-specific extensions or integration of external data sources at any time through SAP User Exits and BADIs
  • Calculation of machine hourly rates, processing operations and material prices according to countries and regions (to be selected)
  • Creation of calculation templates
  • Define own surcharges (in percentage, as a fixed value, formula)
  • Extensive search tools, change history and error list
The advantages of the Nexus Product Cost Calculator at a glance:

Addressing Industry Challenges

  • Streamlined, real-time ERP integration, accurate calculation data, quick creation and simulation of calculations
  • Low maintenance, due to data access from all SAP modules: integrated data models, no data redundancy
  • Quick retrieval of calculations (centrally stored in SAP, various search functions)
  • Intuitive and user-friendly operation
  • Fast & quick creation and calculation processing with calculation templates
  • Transparent Cost and process across product cost life cycles for quick and comprehensive management decisions
  • Efficient calculation based on consistent process integration (e.g. request - cost estimate - order)
  • Efficient “make-or-order” decisions through market and supplier analyses based on average, material, machine and labor costs