Provides businesses with a comprehensive tool to analyze financial performance by comparing costs against revenue projections. This powerful software enables teams to create detailed budgets, track expenditures, and forecast revenue, all in one place.
Operational Real Time Dashboard
Coherent real time view of the entire organization in terms of cost and revenue, expenditures status and revenue stage, resources and activities.
- Monitor and manage their budgets in real time
- Track spending, compare actuals against forecasts
- Identify variances instantly
- Automated alerts for budget thresholds
- Providing a clear, real-time view of budget performance
- Offer clear insights into financial health
Budget
Simplifies the financial planning process by enabling businesses to create, manage, and track budgets with ease. It provides tools for forecasting, expense\revenue tracking, and variance analysis, allowing teams to make data-driven decisions and optimize resource allocation.
- • Define budget organizations to represent the departments, cost centers, divisions, or other groups for which you enter and maintain budget data.
- Plan, track and execute the company budget for specified range of periods or projects
- Enter the budget amounts or copy budget amounts from an existing budget
- Automated alerts for budget discrepancies
Budgeting Process
Streamlines the entire budgeting lifecycle, from planning and creation to approval and monitoring. It provides a centralized platform for teams to collaborate on budget proposals, set financial goals, and track performance in real time.
- Top Down: Upper Management sets the overall budget and allocates funds to departments or units based on strategic priorities
- Bottom Up: involves departments creating their own budget proposals based on their needs and goals
- Mixed: combines elements from various budgeting methods, allowing organizations to tailor their budgeting process to fit their unique needs and circumstances
Cost\Revenue Center
Arborescent structure enables the organization of the company's Cost/Revenue Centers at any level of detail, whether at the overall team level or cascading down to individual employees
- Collaborate with team through cases, activities and post at entity level
- Consolidate entity associated documents in one place
- Collaboration and approval workflows
Enterprise level integration
The Budget feature is integrated across all platform modules. The budget items can be linked to every platform entity (purchase request, order, RFx, invoice, resource, project, etc.
- Sales revenue can be traced to and linked with budget
- Expenditures can be traced to and linked with budged
- Project management deliverables can be directly linked to the budget