What is fully loaded cost in SAP EPM-NOV-SWP - Percipient?

SAP Term: fully loaded cost

• Component: EPM-NOV-SWP

• Component Name: Percipient

• Description: The salary plus all costs related to employment of the workforce. The fully loaded cost is the fully loaded cost % multiplied by the salary, and then added to the salary. &Example& An employee earning $100,000 per year with a fully loaded cost % of 40 costs the organization a total of $140,000.

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• Key Concepts: 
  Fully loaded cost is a term used in SAP software to refer to the total cost of a product or service, including all associated costs such as labor, materials, overhead, and taxes. It is used to calculate the total cost of ownership for a product or service. In the case of EPM-NOV-SWP Percipient, it is used to calculate the total cost of ownership for the software. 
  
  How to use it: 
  In order to calculate the fully loaded cost of a product or service, you must first identify all associated costs. This includes labor costs, material costs, overhead costs, and taxes. Once all associated costs have been identified, you can then calculate the total cost of ownership for the product or service. 
  
  Tips & Tricks: 
  When calculating the fully loaded cost of a product or service, it is important to consider all associated costs. This includes both direct and indirect costs. Additionally, it is important to consider any potential future costs that may arise from using the product or service. 
  
  Related Information: 
  For more information on calculating fully loaded cost in SAP software, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for calculating fully loaded cost in SAP software.