Flexible Budget Period (BP)
- User-defined BPs (e.g., Calendar Year, Fiscal Year, Quarterly, 6-Months, 5-Years)
- User-defined BP calendar
- Work with multiple budget periods
- Carry forward between subsequent BPs
- Multiple versions of a budget per BP
Flexible Budget Planning
- Assets budgeting – current and fixed assets
- Funds and investments budgeting
- Liability budgeting
- Benefits disbursements budgeting
- Expense budgeting, including operating expense and cost of sales
- Revenue budgeting, including sales revenues, project revenues, social security contributions, etc.
- Organization unit and project-level budgeting with consolidation
Flexible, Unlimited Budget Line Items
- User-defined budget line items
- Unlimited number of budget line items
- Financial classification covering assets, liabilities, expenses, and revenues
- Multiple classifications of budget line items for reporting
- Flexible grouping of budget line items for consolidation
- Seamless interface of budget line items to GL accounts to support financial system integration, including encumbrance, allocation, and expense control
- Seamless interface of budget line items to payroll compensation policies for payroll budgeting and control
- Seamless interface of budget line items to social security policies for benefits budgeting and control
- Seamless interface of budget line items to position budgeting for position budget control
- Seamless interface of budget line items to employee expense management for expense budget control
Flexible Budget Revision Control
- Unlimited number of budget versions per budget period
- Work with multiple budget versions within the same period
- Transfer budget amounts between versions
- Track amendments by budget version
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Flexible Budget Preparation
- Budget plan worksheet by org unit and project
- Spreadsheet-like budget plan for budget population
- Inheritance of predefined default budget line items
- Budget plan approval at the line-item level
- Import from Excel/CSV
- Change audit control at the line-item level
- Roll forward from previous budget periods
- Color coding of budget line items
- Attach stickers and notes to the worksheet
- Auto-calculation of consolidated budget items
- Track worksheet status at org, project, and line-item levels
- Review and approval workflow at item and item-group levels
- Export to Excel
- Worksheet consolidation and posting
- Enterprise budget consolidation
- Budget variance between budget periods
- Approval and activation by version at org and project levels
- Enterprise-wide approval of budget plan by version
Flexible Budget Control
- Payroll budget control
- Hiring budget control
- Employee expense management budget control
- Social security benefits budget control
- Encumbrances and allocation control
Budget Forecasting
- Forecast from previous budgets
- Mass update (+/-) of budget
Flexible Budget Reporting
- Detailed and consolidated reports by org unit, project, and line item (with filters)
- Budget vs. actual expense reporting (detail and summary) by org unit, project, and line item (with filters)
- Reporting by budget version
- Export in multiple formats – Excel, Word, PDF, and print
- Color-coded reports
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