Rayterton Cost and Budget Control Suite

Costing Foundation and Governance

Cost Model Foundation and Governance, Costing Foundation and Rollup Structures, and Cost Data Versioning and Controls unified as one so every plant uses the same rules for org and plant setup, roles and approval policy, account mapping, versioning rules and locks, plus master links for item and material, BOM management, routing management, work center and resource master, cost center and activity types, and overhead pools and drivers master.

The goal is simple: one shared cost definition with controlled changes, so operations and finance stop debating numbers and start acting on them.

Key Capabilities

• Clear ownership and approval for every cost change, including thresholds and segregation of duties
• Locked versions by period and plant calendar to prevent late edits
• Traceable mapping from cost elements to GL accounts for audit readiness
• Controlled master data snapshots so rollups are repeatable across plants

Product Costing Engine

Standard Costing, Actual Costing, and Activity Based Costing and Driver Modeling run inside one Product Costing Engine with cost elements, cost component split, and valuation method setup for Standard, FIFO, LIFO, and Weighted Average. ABC driver setup and cost object setup for SKU, plant, batch, order, and project keep analysis consistent across use cases.

Pricing, margin control, make versus buy, and target cost work off the same structure, so teams stop rebuilding definitions per report and focus on decisions.

Rollups, Rates, and Manufacturing Reality

BOM and Routing Rollups handle yield, scrap, rework, and alternates cost logic, while Overhead and Rate Management keeps rates governed and publishable by effective date. You maintain a work center rate card for labor, machine, and burden, manage overhead pool allocation rules and drivers, control rate versioning and approvals, and run multi-level cost estimates with effective date publishing. Cost changes follow a controlled process and easy to trace back.

WIP, Inventory Valuation, COGM, and Close Readiness

Actual Costing and Data Integration feed production confirmations, material movements, purchase price actuals, and overhead actuals into WIP, Inventory Valuation, COGM and COGS, Close Readiness, Posting, and Audit Evidence. Reconciliation catches missing postings and mismatches before valuation runs for FIFO, LIFO, Weighted Average, and Standard.

Posting preview shows the impact before committing entries. Exception handling covers negative stock, late postings, and cutoff issues, then a close checklist and period locks guide controlled posting runs and produce an audit evidence pack.

Variance Intelligence and Profitability Control

This module integrates variance analysis across various factors such as material price variance (PPV), usage, mix, yield, labor, and overhead, providing a unified view of cost performance. You can drill down into variances by supplier, item, purchase order, or invoice, while also tracking efficiency metrics like scrap, labor, and overhead spending, all in one place. The module supports action-ready insights with built-in analysis tools to identify critical areas of improvement.

The detailed breakdown extends into actionable metrics, such as the cost bridge that links margin to actual performance, offering a clear view of cost drivers. Additionally, profitability insights are captured, including margin analysis by product and plant, cost-to-serve by customer, and the landed cost impact. A robust action tracker ties these insights together, tracking ownership, deadlines, and the status of each action item to ensure that improvements are continuously monitored and addressed.

Budget Governance and Executive Control Tower

Companies plan, manage, and control budgets across operating and capital expenses using rolling forecasts and scenario planning. Operating expense budgets are managed by department and expense type, while capital expense budgets are managed by project and asset type. Approved budgets are locked, spending limits are enforced, and all budget changes follow clear approval steps.

Before money is spent, budgets are checked at both the purchase request and purchase order stages. Spending can be blocked, allowed with a warning, or sent for approval, and all exceptions are tracked with supporting documents. Executives view dashboards that show budget status, risks, alerts, and close readiness. Data is managed through a central integration and governance layer to ensure accuracy, monitoring, and reliable reporting for analytics, audits, and financial close.

End-to-End Operating Cycle

The suite follows a monthly rhythm, starting with governance setup and master data sync. It then moves through cost model setup, standard cost build, budget baselines, rolling forecasts, and commitment controls for PR and PO. This structure ensures a smooth, controlled process.

After setup, data is captured from production, inventory, and accounts payable. This is followed by WIP and inventory valuation, variance intelligence, and cost bridge analysis. The cycle ends with period close, including posting, audit packs, profitability analysis, and control tower dashboards for BI system exports.