Cost centres that update themselves
Connect your cost centres to either your job structure or your workplaces — and let Factorial handle the rest. When your org changes, cost assignments update automatically. No manual corrections, no misallocated budgets.
Someone moves from the Madrid office to Barcelona. Someone else switches teams mid-quarter. A new hire joins a department that opened last month. Each of these changes has a cost — and until now, making sure that cost landed in the right place meant someone had to remember to update it manually. When they forgot, or got around to it two weeks late, Finance was working with numbers that didn't reflect reality. And by the time anyone caught it, the reporting period was already closed.
With bi-dimensional cost centres, here's what changes:
- Connect to the dimension that makes sense for your business: Assign cost centres based on job structure — department, role, or team — or based on workplace, like office location or site. You choose the logic. Factorial keeps it current.
- Every change is accounted for, instantly: New hire joining a team? Assigned automatically based on your chosen structure. Employee relocating to a different office? Costs follow them from day one — no spreadsheet to update, no ticket to raise with Finance.
- Reporting you can trust, not just run: When cost centre data reflects the actual state of your organisation in real time, your financial reports mean something. You stop correcting the past and start using the data to make decisions.
When your structure changes, your cost allocation should too — not three weeks later when someone finally notices.
