Mastering the art of accurate measurements

Accurately automate period-end allocations 

As businesses face pressure to optimize costs and drive growth, managing financial allocations has become increasingly important. With Baker Tilly's Advanced Allocations solution, businesses are enabled to enhance their financial insights, increase productivity and eliminate error-prone manual processes.  Benefits of our Advanced Allocations solution include: 

• Easy to use single page interface 
• Reduce errors and save time by minimizing manual processes 
• Allocate multiple dimensions at once 
• Allocate directly in GAAP accounting books or separate reporting books
• Ability to report pre and post-allocations 
• Use budget or actual amounts as the allocation pool or basis 

With Baker Tilly’s Advanced Allocations solution, businesses can more accurately automate period-end allocations. Instead of having to manually update percentages in Excel and download data from multiple sources to calculate percentages, Advanced Allocations calculates based on the parameters that you set. The tool aids businesses in saving time at the end of each month, allowing them to focus on more strategic aspects of their business. 

Advanced Allocations use cases 

 Some common use cases for our Advanced Allocations solution include:  

1.   Allocating commission expense based on the prior month's revenue 
2.   Allocating rent and utilities expenses by square footage of locations 
3.  Allocating marketing expenses to all entities based on department expenses