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Training Cost Management in PrismERP

Overview​

The Training Cost Management feature in PrismERP enables organizations to plan, track, and analyze all expenses associated with employee training programs. It ensures cost transparency, budget control, and efficient allocation of training resources, directly contributing to financial accountability in HR development initiatives.

Key Features​

  • Define and categorize training-related expenses (venue, materials, trainer fees, etc.)
  • Assign costs to specific training sessions or departments
  • Set training budgets and compare against actual expenses
  • Generate cost breakdown reports per session, department, or fiscal period
  • Integration with finance and budgeting modules for seamless accounting
  • Support for multiple cost heads with audit trail and approval workflow

How to Use This Feature in PrismERP?​

Users can utilize this feature by entering and maintaining cost entries associated with each training session. The cost types can be categorized for clarity and assigned to relevant sessions or departments. Once recorded, these costs become part of the training data, allowing stakeholders to evaluate expenditure patterns and generate summary reports. Updates, approvals, or audits can be done based on organizational policy, ensuring financial discipline within the training function.