ACE on-Demand

ACE on-Demand, developed by Pilbara Group, is an advanced technology solution aimed at revolutionizing cost analysis, driving profitability, and streamlining business operations through activity-based costing (ABC) modeling. According to the vendor, this software is designed to cater to organizations of all sizes, ranging from small businesses to large enterprises. ACE on-Demand is said to be suitable for a wide range of professionals and industries, including business analysts, financial analysts, cost accountants, operations managers, and supply chain managers.

Key Features

Advanced Cost Modeling: According to the vendor, ACE on-Demand utilizes a state-of-the-art modeling engine to accurately allocate costs to activities and products, providing organizations with deep insights into their cost structure and understanding of cost drivers.

Automated Allocations: The vendor claims that ACE on-Demand offers sophisticated automated allocation capabilities, making the model building and updating process more efficient. This is said to save time and cost by leveraging the automated allocation functionality.

Data Integration: ACE on-Demand is said to integrate and connect all siloed data in a consistent and systemized fashion, eliminating the need for manual data preparation. According to the vendor, this ensures data accuracy and consistency throughout the system.

What-if Scenarios: The vendor states that ACE on-Demand allows users to simulate different cost scenarios, enabling proactive decision-making and risk management. By exploring and analyzing various cost scenarios, organizations can gain insights into the potential impact on their bottom line.

Comprehensive Reporting: ACE on-Demand is said to provide the ability to easily create detailed reports, charts, and graphs, enabling users to visualize cost breakdowns, trends, and potential cost-saving opportunities. According to the vendor, reports can be generated at any stage of the model and developed in Microsoft Power BI or Microsoft Excel for in-depth data analysis.

Activity-Based Costing: According to the vendor, ACE on-Demand utilizes activity-based costing methodology to build cost models from granular institutional data. This allows for the accurate allocation of costs to specific activities, providing a more precise understanding of resource utilization and the true costs associated with different programs, services, and activities.

Financial Visibility: ACE on-Demand is claimed to provide organizations with financial visibility by capturing and analyzing institutional data. The vendor states that this software offers detailed insights into cost drivers, resource utilization, and cost allocations, empowering organizations to make informed financial decisions.

Executive Decision-Making: According to the vendor, ACE on-Demand empowers organizations with the financial analysis needed for rapid, executive decision-making. The software enables the generation of reports and visual analytics that highlight key financial metrics and trends, supporting strategic planning and resource allocation decisions.

Granular Institutional Data: The vendor states that ACE on-Demand leverages granular institutional data to build comprehensive cost models. By integrating data from various sources, including general ledger accounts, personnel information, assets, activities, and products, the software aims to deliver a detailed and accurate representation of an organization's financial landscape.

Cost Model Automation: ACE on-Demand is claimed to automate the allocation and maintenance of cost models, reducing the manual effort required for updates. According to the vendor, the software streamlines the process of importing new data, such as general ledger accounts, personnel information, and assets, saving time and resources while ensuring the accuracy and integrity of financial data.