8Q Estimated Landed Cost
8Q Estimated Landed Cost (ELC) eliminates spreadsheets, applies supplier and freight rules automatically, simulates winning scenarios, and reconciles variances in real time - ensuring accurate COGS, better margins, and cleaner month end closes. 8Q ELC is 100% NetSuite-native and integrates seamlessly into purchase orders, receipts, vendor bills, shipments, and GL postings.
Screenshots
Overview
Accurate Landed Cost Automation for NetSuite - Reduce Cost Errors by 30-50%!
8Q ELC solution automates and standardizes landed cost calculations inside NetSuite. Using a configurable rules engine, 8Q ELC applies freight, duty, taxes, surcharges, and supplier fees automatically - ensuring cost accuracy before and after goods land.
The Solution eliminates spreadsheets, accelerates month-end close, and improves profitability through accurate cost-of-goods allocation.
8Q ELC is 100% NetSuite native and integrates seamlessly into purchase orders, receipts, vendor bills, shipments and GL postings.
Key Benefits
Automate landed cost calculations for predictable and accurate COGS
Eliminate manual spreadsheets and reduce cost allocation errors by 30-50%
Improve profit margins with reliable and transparent landed cost data
Standardize supplier & freight rules across items, locations, carriers, and incoterms
Accelerate month-end close with real-time estimated-vs-actual variance reconciliations
Model costs before you buy using multi-scenario simulations
Increase inventory valuation accuracy across all imported goods
Customer Quote
“we have reviewed 8Q ELC solution for more than 1 year. This meets all of our landed cost needs and all our edge cases. And we have more than 10,000 items and templates”- Mark Zapanta
Quantifiable Outcomes
30-50% reduction in landed cost calculation errors
25-40% faster month-end COGS closing
10-20% margin improvement from accurate cost allocation
80% fewer manual spreadsheet calculations
Up to 60% beter inventory valuation accuaracy
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