Enhancing Cost Transparencyin Healthcare & Housing
Discover how Oracle Fusion Statistical Journals transform cost allocation through operationally driven, dynamic methods. Modernize your financial insights today.
Strategic Cost Allocation for Mission-Critical Sectors
For organizations operating in healthcare or affordable housing, accurate cost allocation is not just a financial imperative, it's a strategic necessity. Whether managing patient care costs or housing development expenditures, meaningful financial insights depend on linking operational activity to financial outcomes.
However, many providers and housing administrators continue to rely on static, spreadsheet-driven allocation models. These outdated approaches often result in:
- Misaligned cost attribution
- Distorted funding insights
- Inefficient resource distribution
Oracle Fusion General Ledger (GL) introduces a powerful solution: Statistical Journals, designed to modernize and optimize cost allocation through operationally driven, dynamic methods.
What Are Statistical Journals?
In Oracle Fusion GL, Statistical Journals are non-monetary entries that record operational metrics such as headcount, bed occupancy, service hours, or square footage—without impacting the financial balance sheet. These entries use a special "STAT" currency and are fully auditable within the General Ledger.
This makes them ideally suited for environments where shared costs must be distributed based on real usage or need, not arbitrary percentages.
Real-World Examples:
🏥 Healthcare Center
Allocate facility maintenance costs based on patient visits per department.
🏠 Housing Provider
Allocate administrative overheads based on the number of units managed or square footage per site.
Why It Matters
Statistical Journals offer three essential advantages for healthcare and housing providers striving for cost efficiency and compliance:
Operational Alignment
Leverage real-world drivers like headcount or occupied units to achieve more accurate, fair, and justifiable cost allocations.
Scalable & Dynamic
As programs scale, allocation methods adapt seamlessly, eliminating the need for recurring manual recalibration.
Audit-Ready & Transparent
Maintain governance, security, and traceability as financial entries, satisfying both internal and regulatory audit standards.
Simplified Overview
How It Works: Setup & Process
To implement statistical journal-based allocations in Oracle Fusion GL, follow these key steps. Each step uses operational data for more precise and dynamic allocation processes:
📋 Create Statistical Journals with Currency Type "STAT"
Create journals with currency type set to STAT. These record non-monetary entries such as operational data, necessary for dynamic cost allocations.
📤 Post Statistical Journals
Post journals into Oracle Fusion GL. They can be manually entered, uploaded via interfaces, or scheduled to post automatically. The STAT currency signals business drivers, not financial value.
💰 Generating Invoice Journals
Create invoice journals with the organization's functional currency (e.g., GBP). These record the monetary amounts that need to be allocated.
⚙️ Build Allocation Rules
Create rules that use data from statistical journals to drive cost allocations. For example, use employee counts to allocate overhead costs proportionally.
🔄 Schedule Allocations
Configure allocation rules to run automatically at specified intervals. The system generates and posts allocation journals using statistical data.
PCL's Approach
At PCL, we help organizations move beyond static methods with a driver-based cost allocation approach that aligns financial activity with operational truth. Our solution leverages existing Oracle Fusion General Ledger capabilities, fully powered by PCL's expertise in automation, configuration, and post-implementation support.
We Specialize In:
This isn't just an Oracle feature, it's a precision tool. And PCL makes it work for you.
Benefits of Statistical Journals
Using statistical journals for dynamic allocations offers several key advantages:
💎 Accurate Cost Attribution
Allocate costs based on actual business activity, ensuring more accurate cost distribution and better profitability insights.
📈 Scalability
Easily adapt to new allocation needs as operations evolve or business grows, without significant system changes.
⚡ Real-Time Allocation
Enable real-time updates to allocation data, ensuring costs are allocated promptly based on current metrics.
⏱️ Time Efficiency
Automate the allocation process to reduce manual intervention, saving time for finance teams.
🎯 Improved Decision-Making
Make better-informed decisions with accurate and timely allocation data for budgeting and planning.
🔒 Audit Compliance
Full traceability and transparency that satisfies both internal governance and regulatory audit standards.
What Sets PCL Apart
Unlike traditional system integrators or finance teams who stop at "what Oracle can do," PCL focuses on what your organization needs to understand, and configures the platform to deliver exactly that.
�️ Hands-on GL Expertise
We work inside your Oracle Fusion environment to get it right, leveraging deep technical knowledge and best practices.
� Purpose-Built Setup
Every rule, driver, and journal is tailored to your structure and reporting needs. No one-size-fits-all solutions here.
Audit-Ready Outputs
Traceable, transparent, and ready for funders, boards, regulators, and internal stakeholders.