Realtime
budget control
Proactis Budget Management provides extensive budget management and monitoring functionality and seamlessly links with our complete Purchase-to-Pay platform for contract management, ordering, hiring of external staff, and invoicing. Budgets can be monitored from both the order process and the invoicing process, providing you with real-time control. Budgets no longer need to be manually adjusted each time changes are made.
Flexibility to
allocate budgets
Within the system, budgets can be allocated to among others but not limited to departments, cost centers, cost types or users at multiple levels so you can monitor budgets at any time and display budget usage throughout the year. Budgets can even be updated from external financial or ERP systems. In addition, you can easily create budgets by entering them directly into Proactis, via an imported Excel document or through an interface from the financial system.
Continuous
up-to-date insight
Budget managers can immediately see the impact on the budget when assessing a contract, purchase order or invoice. They can then determine whether to reject or approve it based on current information and what's available. Once committed, it is automatically reserved so approved orders, contracts and invoices that are in circulation, as well as the payments already made, are deducted from the budget. You always have insight into the remaining budget. Automatic alerts are issued when budgets are going to be exceeded.
Clear budget
reports
The solution provides all your budget information in a single dashboard specifically for budget reporting. This gives you a clear picture of costs and expenses at both individual and company-wide levels. Budgets can be defined based on multiple criteria, such as departments, cost centers, cost types, commodity groups, users, and combinations of these. This makes it possible to capture an organization’s complete budget plan and to view budgets at any level, down to the smallest detail.