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Activity Based Costing (ABC) is a widely used system that seeks to place an accurate cost on an organisation's service or product delivery. In policing it has been developed as a method of calculating the costs of policing activities. This is a key component of the Policing Performance Assessment Framework (PPAF) to enable inter-force comparison. The data is used to clarify resourcing decisions and to maximise performance through the identification of good practice and areas for improvement.
Fusion software provides an "all in one" information capture system for ABC allowing you to design, print, scan activity cards and validate the data.
If you are already running activity analysis projects you will know how intensive and time-consuming they can be. Designing, distributing and eventually processing activity cards can take weeks of work. Formic's activity analysis software, Fusion, enables users to design activity cards by simply "dragging and dropping" objects, such as tickbox groups, from a template library. The finished card design can then be printed to paper, or at a single mouse click, published to the web. Manually entering the data from hundreds of activity cards is a false economy. With Fusion, simply load the completed cards into a scanner, sit back and watch the software automatically read card after card, without ever tiring - up to 50 times faster than manual keying-in. Data from electronic forms is processed at even greater speed.
For accurate, reliable results you'll want a high percentage of activity cards returned and carefully completed. Fusion's design module enables you to create professional-looking forms that users find quick and easy to complete. Accuracy can also slip during manual data entry. Program your Fusion system to rigorously crosscheck data values and you’ll be alerted when it finds any invalid cards. The result is highly reliable data, free of human error.
Applying financial costs to Activity Analysis data determines the true cost of service provision. The data fields in your cost accounting system can be matched to fields on the activity card you design, ensuring perfect synchronisation during data transfer.
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