Cost Rates Advisor: Cost Analysis and Benchmarking Software
Cost Rates Advisor helps printing and packaging businesses determine their hourly costs to support pricing decisions. It is designed for teams that need to align their MIS/ERP rates with financial data.
At a glance
- Category
- Finance & Accounting
- Best for
- Printing businesses, Packaging companies, Apparel and embroidery shops, Industry consultants
- Pricing
- Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- Key use cases
- Calculating Equipment Hourly Costs, Industry Cost Comparison, Updating MIS/ERP Rates, Financial Data Analysis
- Integrations
- EFI Pace import, Enterprise 32 import, Avanti import, Printsmith import, Monarch import
- Official website
- costratesadvisor.com
Cost Rates Advisor is a cost analysis and benchmarking tool designed for the printing, packaging, and apparel industries. It supports the calculation of Budgeted Hourly Rates (BHRs) using financial and production data, which may reduce the reliance on manual spreadsheets.
The software is intended for organizations that need to recover labor, factory, and overhead costs across various equipment, such as digital presses, bindery, and mailing services. By analyzing income statements and payroll, the tool provides a breakdown of fixed and variable costs to identify the breakeven point for specific services.
Buyers can use the platform to compare internal costs against industry benchmarks from other companies to help validate pricing strategies. The tool is designed to provide the rates required to update estimating and job costing software (MIS/ERP).
Buyers should confirm that their financial data is organized for import and that the tool's industry focus aligns with their production workflows.
Key Features
Calculates hourly rates for equipment and services based on financial and production data.
Supports comparing labor, factory, and overhead costs against data from other companies.
Provides visibility into fixed and variable factory costs, SG&A, and asset depreciation.
Supports importing data from spreadsheets, income statements, and accounting systems via .csv files.
Includes built-in industry cost and rate studies for thousands of equipment types for comparison.
Supports managing different rates and costs for multiple companies, divisions, or locations.
Use Cases
Determining the cost to operate specific machinery, including digital presses, cutters, and folders.
Benchmarking internal overhead and labor costs against industry peers to identify cost misalignments.
Generating BHRs to be entered into estimating and job costing software.
Using income statements and payroll data to identify the out-of-pocket cost of running an operation.
Best For
Integrations
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
BHRs are the hourly cost rates a company must charge for equipment or services to recover all out-of-pocket expenses and break even.
The tool is designed for printing, packaging, and apparel businesses, as well as consultants serving these sectors.
Users can use the Data Import Wizard to upload income statements, payroll, and asset lists from spreadsheets or .csv files exported from accounting software.
Source category: Finance & Accounting
Source subcategory: Financial Planning
