Budgeting
Perform integrated business planning & budgeting to Execute Strategy
A budget is prepared strategically to execute the business plan, a one-year plan linked to the long-term plan as part of strategy execution. Budgeting covers forecasts and budgets for all profit, cost and fund centres.
Collaborative budgeting aligned to business planning, built on industry best practices. It brings in a rolling forecast, covers all budgeting tasks, and integrates with ERP to get actuals and transfer budgets.
(loads from your site)
Define all CAPEX items aligned to Strategy
A capital expenditure budget is a formal plan of the amounts and timing of fixed asset purchases. It is part of the annual budget and can cover upgrades to existing assets, new facilities and equipment for new hires.
The capex module maintains capex items with comprehensive information, including the justification of approvals and the expenditure breakdown.
(loads from your site)
Plan Operational Expenses to deliver business plan
Operating expenses are the costs of running day-to-day operations. Operational budgets are maintained for all profit, cost and fund centres through work breakdown structures.
Typical operational budgets
Detailed budget lines, driver-based budgeting with user-definable formulae, user authorization for secure updates, and ERP integration for automated data uploads and budget verification.
(loads from your site)
Prepare projected Financial Statements
Budgeted financial statements show the expected financial results, position and cash flows: an income statement, a balance sheet and a cash flow statement, compiled from the annual budgeting model.
Management can iterate the model to match its expectations and what the business can achieve. After a period ends, compare the milestones with the results to judge success and make informed financial decisions.
(loads from your site)
Want to know more about the product?
Download the brochure now...