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Call today for a FREE online-web demonstration +1 972 241 6080
or contact Ernest Glad at Ernest.Glad@cortellgroup.com

ValuMax is a sophisticated, activity-based costing solution used for calculating resources, activity and product (cost object) costs.  The solution can perform any level of costing required by an organization utilizing GL financial information and volumetric information from operational systems.  ValuMax modules can determine the following:

·         Resource costs (such as equipment, staff, systems)

·         Activities (materials acquisition, making product, selling, etc.)

·         Cost objects (such as a service, product, customer, or channel)

ValuMax is built to support multi-organizational, multi-branch, or cost center organizations with a large volume of products. It is one of the fastest costing engines on the market, utilizing matrix algebra to perform its calculations. 

Per the below diagram, costs can be allocated in virtually any required direction, allowing users total flexibility for their cost allocation process.


Low cost of costing

Cortell Health provides full training to enable users to build customized models. Cortell Health also offers managed services to manage client costing systems with regular performance reporting.

ValuMax has been developed for organizations that wish to integrate ABC into their operational systems and produce cost effective costing. ValuMax is designed primarily for extremely large volumes of data with thousands of resources, cost objects and activities.

The sophisticated cost calculation mechanism transfers cost in virtually any direction to solve simultaneous cost equations that exist in large, complex businesses.

ValuMax has specifically been adapted for hospitals and is deployed with Intellimax to navigate through all services.


ValuMax handles objects such as:

  • Business units
  • Processes
  • Activities
  • Tasks
  • Volumetric measures
  • Cost and resource drivers
  • Cost transfer mechanisms
  • Cost Objects
  • Transfer pricing and actual costing
  • Bill-of-materials structures
  • Output to multi-dimensional databases
  • Full import capabilities
  • Benchmarking and activity and cost object analysis


    ValuMax provides reporting in the format of OLAP cubes and can export to certain OLAP cubes such as TM1 or MS Analysis Services.  It runs on MS SQL Server, Oracle or other SQL compliant databases.


    ValuMax Other solutions

    Integrated Economic Value Added concepts with the costing process identifying products and customers that add or destroy value and calculate EVA by product

    Most competing systems don't have this feature

    Allows cost movements in any direction using powerful matrix manipulator to solve all cost equations

    Some only offer “downward” or step wise cost allocations (which is mathematically inaccurate)

    Accommodates multi-company and multi-branch costing in same model. Structured for large, complex organizations

    Most others cannot handel complex organizations and are best suited for simplisticenvironments

    Fixed and variable costs, enabling critical cost/volume/pricing decisions

    Not Available in most other systems 

    Unlimited cost attributes, enabling understanding of costs

    Some others provide a backflush which generates 1,000s of lines which are difficult to interpret

    Seamless integration for multi-company, multi-branch or cost centers, or can deal with a single BU

    Most others require separate servers and expensive and time consuming consolidation
    Full Bill-Of-Material calculation Many others do not offer these calculations
    Provide recipe structures for multilevel product structures Most Costing systems do not have this feature
    Integration with virtually any financial GL Becoming standard
    Imports from text, ASCII or other data bases Some still require manual inputs but becoming standard
    Provides traceability in even most complex systems. System is fully auditable Some cannot show links and are not auditable
    Allows grouping of costs or formation of cost pools that may not exist in GL. Linking at multiple levels Most systems are rigid re costs grouping and might not allow linking of GL accounts directly to products
    Reporting thru Graphical analysis, OLAP cubes, Grids, Paper reports, or structural analysis Most other systems must use external OLAP systems for analytics
    Well structured database ensuring referential integrity in data as well as accounting integrity Not standard in other systems
    Integrity reporting on all links, measures and calculations. Offers a continuous balancing method Traceability of integrity issues is a major problem with some systems, making it difficult to “balance” the costing
    Personnel cost allocation and linking of staff and other resources to activities, facilitating dynamic building of Resource drivers. Most systems don't offer personnel linking so it must be accomplished outside the costing system.
    Provides multiple views of cost such as Process or activity, organisational or Location views Most other products offer a single view only
    Powerful export capabilities to Excel Not available in all systems
    Multi-period and multi-version allowing the testing of multiple scenarios Available in some solutions
    Multiple classification of activities and cost objects providing strong analytical capability Provided by some solutions
    Multi-company, multi-branch or cost centers providing seamless integration between models or the capability to only deal with a single BU Most other solutions require separate servers, with additional expensive and time consuming consolidation servers

    "Outside of health care, the use of ABC has led managers in many organizations to reverse their thinking regarding which of their products are the most profitable. It is likely that similar conclusions would be reached in a hospital that undertakes an ABC effort. Indeed, in an era of shrinking resources for health care and intense negotiations between payers and providers, a hospital that does not have an ABC system could be putting its financial viability at considerable risk". - The Folly of Using RCCs and RVUs for Intermediate Product Costing, HFMA Magazine, April 2007, David W. Young

    Featured Customer
    Mercy Ascot Hospital
    "We use IntelliMax to assist us in reviewing our prices including our contracts with Insurance companies and also to have a better understanding of the costs of our products and services."
    Robert Taylor, CFO, Mercy-Ascot Hospitals, Auckland, New Zealand
    Mercy Ascot Hospital Logo

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