Cost accountants must proactively identify and resolve errors in production cost postings to make sure all production costs are settled before deadlines with minimal manual effort. Identifying the root cause of these errors and addressing them promptly can be time-consuming and challenging due to the lack of effective guidance and the significant manual input required. With this feature, cost accountants can use Joule to identify and resolve errors during event-based posting. It notifies the cost accountant when errors occur from posting event-based production costs, it explains why the errors occurred during event-based posting and it provides text-based resolution to resolve the errors and repost, recommending the best option if multiple options exist.

Benefits

• Speed up processes and minimize manual efforts
• Enable timely period-end closings and improve cost and financial reporting accuracy by promptly identifying and resolving errors

Business Value

• 20% reduction in time spent on managing production costing errors