Top 3 Tech Leaders in Activity Based Costing Software 2023
Discover the leading technology solutions in Activity Based Costing Software with PeerSpot's annual Tech Leaders awards. The awards are based on comprehensive user reviews and other criteria as outlined below, offering you a window into the top products in this category and a way to explore and compare outstanding products. Join us as we unveil the Peerspot 2023 Tech Leader award winners, helping you stay informed about the best-in-class solutions available.
Activity-Based Costing software helps organizations gain a better understanding of their costs and profitability by allocating expenses to specific activities and processes within the organization. It offers advanced cost modeling and analysis capabilities and helps organizations to precisely allocate costs, identify cost inefficiencies by breaking down costs into activities to pinpoint areas of inefficiency or waste, and improve pricing strategies by helping determine the true cost of producing goods or delivering services.
The Award Winners
PeopleSoft
PeopleSoft is an enterprise-level software suite that includes Activity Based Costing functionality. PeopleSoft stands out for its comprehensive approach to financial management and cost analysis. Among its competitive features are PeopleSoft's integration capabilities with other financial and management modules, and real-time cost analytics that enable monitoring and analysis of cost data as it is generated. This latter feature helps with timely decision-making and customization. The platform is highly customizable, enabling organizations to tailor their ABC processes to specific industry requirements and unique cost-allocation methods.
"PeopleSoft is very fully featured. It has equal in feature/function and more configurability than SAP. The customization is great. Also, you can change it significantly without having to write much code. That's a big benefit for multinational organizations." - Douglas Gray, Principal Consultant, Tech Services Company
"PeopleSoft is well integrated and has excellent tools to enhance or amend according to business practices… The product includes effective dating, numerous data analysis tools, even for big data…" - Krishna AB, Business/Systems Analyst, Manufacturing Company
"Scalability-wise, PeopleSoft is quite good because you can increase the resources any time or whenever you need them." - Edwin Matodzi, Auditor General Head of Strategy & Architecture, Financial Services Firm
JD Edwards EnterpriseOne
JD Edwards EnterpriseOne is an enterprise resource planning (ERP) solution that includes Activity Based Costing functionality. In the context of ABC software, JD Edwards EnterpriseOne is distinguished by its robust reporting and analytics tools for advanced cost analyses, and multi-industry support, making it suitable for diverse organizations seeking cost allocation and analysis, regardless of their sector. It offers industry-specific solutions for manufacturing, distribution, and retail, among others. It is also known for its global reach, making it a strong choice for organizations with international operations.
"I have found their budgeting and financial inquiries are easy to work with. It is easy to inquire about any account in our company. They are good with financial and accounting platforms." - Beenish Hoda, Volunteer Engagement Specialist, Non-Profit
"The accounting portion is very good for one. The financials are great… The accounting portion is very good for one. The financials are great." - Bharat Maheshwari, Software Engineer, Larsen & Toubro Infotech
"The inbuilt BI user experience and enhanced UI analytics, are very good. These are key features I love about the solution." - reviewer1475385, Global Oracle JDE Practice Head, Tech Services Company
How Award Winners Are Determined
PeerSpot Tech Leaders Awards recognize the top products in a category based on real users' in-depth reviews, which are verified for authenticity. The ranking criteria include the number of reviews, views, and comparisons of each product, as well as the overall reviewer rating and the word count per review. The winning products are acknowledged as top performers within their category.
Summary
The Tech Leaders award is PeerSpot's most prestigious. Recipients have earned the esteem of industry professionals who use and review the products and compare them with their competition. Activity-Based Costing software plays an important role in many organizations' day-to-day operations, and the award winners, PeopleSoft and JD Edwards EnterpriseOne, have merited peer recognition as Tech Leaders in this category.
