Budgeting and Forecasting

Budgeting and Forecasting is a budget management solution aiming to automate collection and reporting of financial budget plan and forecasting for organizations of all sizes. While offloading the complex business modeling to popular spreadsheets, it focuses on providing a company-wide collaboration platform for business units managers to submit budgets with proper data integrity control and workflow approval. Effectively, it enforces budget rules and timelines with exception alerts so that finance manager can gain control over the budgeting processes.

KEEP BUDGET OWNERS IN THE LOOP

Budgeting and Forecasting provides a budget owner approval functionality that ensures that each budget owners are brought into the approval process. Both requesters and approvers can see the budget impact of purchases at checkout and during approval.

COMPREHENSIVE VISIBILITY

Budget owners get visibility into all transactions that impact their budgets regardless of how the money is spent. In addition to on-PO spend coming through the Procurement process, non-PO spend from Invoicing and Expensed spend is available for budget compliance reporting.

BUDGET ROLLUP REPORTS

Define the budget roll-up hierarchy and drill into it with Budgeting and Forecasting. Every purchasing items can link up budgets across department, project and cost centers throughout the fiscal year.

DYNAMIC APPROVALS WORKFLOWS

Quickly bring budget owners into the approval process for line items that are charged against their budgets. Proactive notifications can be set to stakeholders and minimize processing bottlenecks.