Using CORPORATE PLANNER, Account-Ability Ltd has produced over 20 TRAC models for the HEI sector.

CORPORATE PLANNER TRAC models are comprehensive – they already provide TRAC for Teaching solutions - and provide full analysis at University, Faculty, School and Department level and follow all the latest best practice guidance, and the requirements for calculating cost rates.

CORPORATE PLANNER TRAC models are very flexible and can be completely tailored to the institution's exact requirements:

• Allocate costs with any quantitative driver
• Model can be updated to conform to changes in TRAC guidance
• No limit on hierarchies dimensions or account codes
• Add in new departments easily

Data Upload by using your established account coding systems, ODBC links can be created to transactional systems, guaranteeing robustness, transparency and an audit trail for source data.

Consolidation is provided by all drill-down combinations of income and cost type (eg Direct, Directly Allocated, and Indirect, or by pay, non-pay, service costs, and adjustments), organization (university, faculty, department, clinical/laboratory/non-laboratory etc), and activity.

Estates and Indirect cost rates are provided as required by the fEC and TRAC methodology (again at Department, Schools, Faculty, and University level, by activity), and can be created easily for any other rate calculations.

Income analysis and allocation (using any drivers of choice) is performed according to the latest requirements.

Contribution’, ‘gross margin’ (to agree with the Financial Statement) and ‘net margin’ (after Adjustments) can be analysed and reported for Departments, Schools, Faculties, and University in any combination of ‘TRAC activity’ and cost/income category.

In-built multiple versions enable different scenarios and their impact on operational and strategic development to be investigated.

A full, bespoke, set of management reports can be easily created.  The whole model is rolling.  This means that multiple year comparisons forecasts and trends can be analysed, controlled and reported.

The model delivers easy analysis of cost and income flows by department and driver, which brings essential intelligence to ‘where money is being made or lost’, and facilities decision making on resource management.

Sample Output

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