module

Budget

 

Manage your budget
without Excel

Baseline™ enables easy budget planning, broken down both by costs and revenues. Budgetting is performed in two dimensions: by departments and by types of costs/revenues. The final budget is made up of budgets of individual departments.

There is a simple way to check how the budget assumptions evolved over the calendar year.

 

Budget under
approval process

A budget is prepared by department heads who, upon final modifications, send it for approval. Approval is granted in compliance with the hierarchy of the company’s organisational units.

This means that the approval of every superior of a given department head is required.

 

Update budgets via
revision mechanism

Annual plan can be easily modified by revising the existing budget. Every revised version is subject to a separate approval circulation. Upon approval of the revised version, the preceding versions are archived.

All you need to prepare a budget in subsequent years is to copy and adapt the previous year’s budget.

 

Track your budget
in real-time

The budget is fully integrated with invoice circulation and the hierarchy of accounts stored in Baseline™. This means that a budget execution report is available on the spot, accounting for all booked costs/revenues.

With Baseline™ you can keep an eye on financial analyses even on an invoice by invoice basis.

 

Internal orders approvement
process

Baseline™ monitors the value of orders placed against the current company’s budget. When the budget is exceeded, additional approval by CFO or a person authorised by the CFO is required.

Maximum expenditure level can be set during budget approval.

 

Forecast project
costs and revenues

Baseline™ allows you to comapre regular incomes with forecast values on project basis. This can be reached in two different ways: month splitted forecasting or a simple one.

Baseline™ allows you to track financial progress basing on graphic charts.

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