Budgeting software - give controllers and managers back time for the important tasks!
Budgeting
Budgeting is a process that includes all activities involved in the creation, approval, enforcement and adjustment of the budget. A distinction is made between operational and strategic budgeting.
Budgeting processes often extend over a period of three to six months and bind considerable capacities of managers and controllers. In order to give the responsible persons back time for more important tasks, the right software is used.
Support your finance team
The budgeting tool allows the planning of costs, revenues and investments to cost centers. The profit and loss account as well as certain items on the balance sheet, such as investments, receivables, liabilities and bank balances, are summarized in budgeting. Now global planning and monitoring of success and liquidity is getting quite easier.
Budget changes can be tracked in a clear manner and active budget accounts are always under control with the help of validity periods.
The level of detail of the data can be tailored exactly to the company structure. Prior-year figures can also be documented and, if required, the recorded budget values can also be described in detail.