Stop inaccurate landed cost calculations eating into your profit margins
Do you import products and struggle to correctly calculate the true unit cost? Need to find a quicker, simpler way to add on freight, custom & duties, insurance, currency conversion etc to your supplier’s unit cost in Microsoft Dynamics 365 Business Central?
Clever Landed Costs is here to help.
Being able to measure your total item cost not only helps establish proper sales prices but ensures your SME business does actually make profit too!
Tracking the true costs of importing
Landed cost is the total price of a product or shipment once it has arrived at your doorstep.
The landed cost includes the original price of the product, transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.
All of these individual costs are part of the value of the received goods. Many of these costs are invoiced separately, for example a courier cost, and often span multiple purchase orders.
Costing accurately for competing successfully
Automating landed cost calculations is essential in today’s global market. No finance team has time to spend on manual calculations, and no business owner wants to lose out on profit through missed/incorrectly allocated item costs.
If your business is involved in international trade, importing goods from other countries should enhance your profitability, not damage it. It’s critical to get landed costs right if you want to succeed in global trade. No business wants to lose customers (due to estimating costs too high) or revenue (by estimating costs too low).
However, for most businesses landed costs is something managed by a series of disconnected spreadsheets – which don’t hold up to date information on currencies, duties and shipping. This can leave you vulnerable when sudden changes in the market cause your overall predicted profitability to be skewed thanks to currency fluctuations or changing costs.
Clever Landed Costs for Microsoft Dynamics 365 Business Central
Clever Landed Costs enables you to;
Define Cost Types
Customise Expected Costs
Customs & Duty Configuration
Predict Cash Flow Better
Grouped Purchase Orders
Measure Import Costs Right to Make the Right Decisions
True visibility of all your unit costs means less risk for your business and more informed decision making.
No matter what the currency, on any given day you might be managing product costs, transport, duty and even testing costs. Balancing the books to reflect these charges and the impact on your margins is vital to keep your business ticking over and to support your growth.
Want to get started with Clever Landed Costs?
Call us on 01902 578300 or use the form below to take control of your landed costs