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Cost Accounting & Budgeting
Cost Accounting provides accurate and timely cost information. Users can develop fully allocated costs at the department, charge item, and patient levels. Budgeting streamlines the time-consuming, manual budget submission process by leveraging the flexibility and familiarity of Excel® spreadsheets and model templates that are easily customizable.
- Reduce budget cycle times – Budget creation is simplified with access to a single, cohesive template that supports the negotiation and approval process. Email notification of budget status and automation of obtaining budgets and revisions from department heads is key to saving time and resources.
- Maintain flexibility in developing cost assumptions and budgets – Siemens gives you the flexibility to start with fixed or variable assumptions and to use that information to build a budget. Data can be displayed from the corporate level down to individual account and cost center.
