Achieve efficiency through accuracy
The Budgeting Module is valuable tool for accurate performance forecast and supports the core accounting processes, through efficient tracking of periodic budgeting plans, based on client’s Balance Sheet and Income Statement.
Within the module, periodic budgets can be automatically generated with streamlined specification of revenues and expenses for the next period or imported from predefined excel files, depending on client’s preferences. Budgeting periods can be defined on monthly, by-monthly, quarterly, semi-annually and yearly basis, with option for budget rebalance at any moment and additional adjustment of the remaining period.
The budget plans are governed by automated approval workflow, with predefined budget statuses and option for automated budgets rollback in the previous status. The workflow of every budget and the performed changes are automatically tracked in budget history.
The revenues and expenses accounts can be dynamically defined and managed from user side, with possibility for specification of additional account dimensions according to which to track performance rates, using indicators based on client needs.
Comparisons of planned with achieved results can be accurately performed in predefined, structured reports for analysis or new reports can be dynamically defined with the Dynamic Report Generator, based on client-specific parameters.
Improved Performance VisibilityIndicate key performance variables in your operations and incorporate changes to improve planning accuracy with streamlined budget tracking and comprehensive reports.
Streamlined Budget MonitoringActively manage the financial results and expenditures from a centralized location, with financial data compliance.
Flexible Decision-Making WorkflowAdapt budgeting approval workflow to your specific business processes in order to speed up budget approvals and improve the quality of decision-making processes.