Budgeting System - Enovatio Budgets
Enovatio Budgets supports your company’s financial management. The system allows for forecasting, planning, coordinating, and controlling of budgets, resulting in more accurate decision-making processes in your company.
Implementing this module helps in structuring costs and revenues, increasing their transparency as a result. In connection with Enovation Projects, our project management module, it creates a complete platform for planning, monitoring, coordinating, and assessing projects. Advanced functions eliminate the need to use external tools such as Excel. A single system keeps all of your company’s data interconnected. The budget module integrates with all Enovatio solutions and RPF systems.
Budgeting Tasks and Revenue Estimation
Thanks to the budgeting module, you will be able to precisely plan expenses and estimate revenue from each project. It will be a great starting point to make correct decisions about starting a project, and it will keep you on the right track later on. The system allows for budgeting costs and revenues, describing them in terms of cost location, specific accounts, and categories. Specific projects and tasks can also be budgeted. The system allows for controlling the budget plan on many levels.
Group Work over a Budget
Many aspects must be taken into consideration when working on a budget. That is why our solution includes the simultaneous cooperation of several users, regardless of whether they access the system through desktop or mobile devices (WWW browser access). Only authorized users or groups have access to a budget, and a number of safety features guarantees the confidentiality of the data processed.
Every edition of the budget requires acceptance from a designated person. A status is assigned to each budget in order to eliminate the risk of any mistakes.
Monitoring and Reporting Budgets in Real-time.
The budget module can be connected with data from the cost invoice circulation module, Enovatio Workflow, and Financial and Accounting systems. As a result, reports about budget completion (including all costs and revenues) are available at any time. The generated reports can be the basis for many managerial reports.
Budget monitoring is made easier by filters, a grouping function, sorting, and selecting columns with interesting data.
Connecting Documents with Budgets
Using this function, you can assign documents to a budget to have all your data in one place. Different kinds of documents can be assigned to a budget, from invoices to purchasing orders.
Creating Budgets Based on Existing Ones
Creating new budgets will never be as time-consuming as it once was thanks to the option to copy data from previous budgets and projects.
Complex Budget Management
This solution is your complete tool for managing your company’s budgets. If a budget has a logical structure, it is transparent about costs, revenues, planning, and implementation. Graphs with percentage indicators present the extent of a budget's completion. Thanks to functions dedicated to sorting, filtering, and selecting columns to display, you will quickly find the correct data you are looking for.