Budgeting
Microtech Cloud Financials offers a comprehensive budget planning, control, and tracking solution. It facilitates both enterprise level and departmental level planning process by providing the user with a web-based Excel-like modeling, planning, and approval workflow capabilities within one collaborative scalable solution.
Sales, operational and strategic plans can be linked to long-term and near-term financial plans. The solution is easy to implement within a few weeks for a bottoms-up or top-down planning process using driver-based or conventional planning methods.
Microtech Cloud Budgeting incorporates a calculation engine that can be used to express a range of business logic with fast aggregation and instant analysis and reporting.
Microtech Cloud Budgeting offers monitoring the budget allocation in different currencies, during your defined periods, and on different dimensions; account, cost/profit centers, projects, departments, etc.
For organizations receiving funds from different donors to be allocated to different expenditure venues, you can use the “Budget Source Analysis’ extension to track the source of funds, control the expense venue, and produce analysis reporting.
The ‘Automatic Budget Calculation’ extension aids you in setting budget year on year values.
Customizing your budgeting viewing format is possible by the ‘Custom Budget View’ extension which aids you setting a hierarchical view order. So you could choose viewing all dimensions grouped by project, or department, etc.
