knowCOST fetches product purchase information from books of accounts and calculates the cost of goods based on moving average price .
When products are sold, accurate cost of goods sold is calculated for every sale and you will get a very clear visibility to profit & margins at all levels like product, customer, order, period or locations.
Bill of Material
knowCOST helps you setup bill of materials with ease. A customised integration can also be built to design applications like Auto CAD to bring bill of materials directly to knowCOST without any manual entries. Once a bill of material is set up, productions can be automatically recorded against the sales.
Product Cost Structure
With the bill of material feature, materials purchased can be combined together to create finished goods or sub-assemblies. Costs like labour, loading & unloading or any other service costs can also be allocated to the production.
knowCOST gives you accurate product cost structure at every level.
Multi Location Inventory Control
knowCOST allows you to set any number of warehouses and it also facilitates recording goods movement among the different warehouses
It gives you robust control over your inventories across the locations that you operate.
With knowCOST, you can easily allocate service costs like transportation, duties etc to materials. knowCOST will auto generate necessary accounting entries required to reconcile your cost accounting records with financial accounting.
Production Planning & Management
knowCOST production order feature helps to track progress of production by setting up production statuses.
It brings beautiful team co-ordination features like chatter, tasks, work flows and approval processes boosting your team's productivity.
knowCOST gives you consolidated view of required and available material stock.
This will help you plan and time your purchases to optimise the inventory carrying costs and to avoid product stock outs & production delays.
Analytics platform with advanced reports & dashboards
Since knowCOST is on Salesforce platform, it brings awesome capabilities of the Salesforce platform in creating any reports by just dragging and dropping the fields needed.
You can easily build beautiful dashboards & reports giving deep insights in to the business.
Specific customisations as per your need
knowCOST is very agile and dynamic application which can also be customised as per the specific needs of the organisation.
Our in-house development team will carry out such customisations and deploy only to your organisation