Budgets
Budget Creation and Management
- Custom Budgets: Create customized budgets for various categories, departments, and chart of accounts to align with your organization's financial structure.
- Expense Forecasting: Utilisze historical spending data to forecast future expenses, aiding in budget creation.
- Budget Approval Workflow: Implement workflows for budget approval, ensuring that proposed budgets align with organiszational goals and policies.
- Budget Monitoring: Continuously monitor budget versus actual spending to identify variances and take corrective actions as needed.
- Budget Modifications: Easily adjust and modify budgets when necessary to adapt to changing business needs.
Spend Management
Spend Analysis and Reporting
- Real-time Insights: Access real-time insights into budget utilization and spending patterns to make informed financial decisions.
- Departmental Analysis: Generate reports that provide a breakdown of spending by department, enabling department heads to manage their budgets effectively.
- Category Analysis: Analyze spending by categories such as travel, supplies, or utilities to identify cost-saving opportunities.
- Chart of Accounts Analysis: Gain insights into spending across different accounts or cost centers in the chart of accounts.
- Vendor/Supplier Analysis: Track and analyze spending with various suppliers or vendors to negotiate better terms.
User-Friendly Configuration
- Easy Setup: Configure the system with minimal effort to define budget parameters and reporting criteria.
- User Permissions: Implement role-based access control to grant access only to authorized personnel.
- Notification Alerts: Set up alerts to notify budget managers of budget overruns or deviations.
Integration and Accessibility
- Integration: Seamlessly integrate with other financial systems, such as accounting software or ERP systems, to ensure data accuracy and consistency.
- Mobile Accessibility: Provide mobile access for on-the-go budget and spending management.
Purchase Request
Simplify requests and approvals, drive compliance, control company spending effortlessly.
End to End AP Automation
Eliminate 90% of manual accounting processes with virtually limitless customization for routing and approvals
Contract Compliance
Effectively enforce contract terms and prevent leaks by ensuring strict compliance measures and safeguarding confidential information.
