Budgeting in a business is the planned allotment of funds to each department within a company .Budgeting allows you to control your spending and to make sure that you spend less into unproductive areas and allocate adequate funds into areas which are productive and income generating. The key to successful budgeting is both flexibility and inflexibility. Inflexibility means you allow very few exceptions to the upper limits and stick to it as best as possible to ensure that you perform within the allocated budgets. Inflexibility allows you to accommodate the change in business environment and to cope with unforeseen events that could cause unprecedented ups and downs in the revenues. What is best about having budgets for the expenditure is that it gives you a platform to aim on what should be your minimum gross and net revenues; thus making budgeting an essential tool for the management.

PACT Budget Module is comprehensive and highly flexible as it allows you to manage your entire budgeting process as well as all of its related requirements. Its flexibility allows you to integrate and track essential information from the point of creating itemized budget through the ultimate replenishment. It simplifies administration, provides internal controls, and defines the entire budgeting process. The result enables organizations to manage budgets effectively and efficiently from creation and entry. Some of the key benefits of PACT budget module are as follows:

 
» Configure and manage an unlimited number of budget work-flow patterns.
» Configure and enforce a wide range of budget controls, all adaptable to your organizational needs and policies.
» Maintain and review on-line budgets or cost proposals at a click.
» Review and utilize budget history in support of future budgets or cost/price proposals.
 
 
KEY FEATURES
 
» Capture business objectives for coming financial year.
» Consolidates budgets by cost centers and companies
» Create and manage budgets for specific Proposals, Contracts, Jobs and GL accounts.
» Exports to Excel, Text, TIFF, PDF, HTML, RTF
» Generate up-to-the minute reports to evaluate spending.
» Improve forecasting and budgeting for increased profitability and predict better investment opportunities for the future.
» Monitor profitability and identify problems in a more timely manner.
» Save valuable time and costs during project execution.
» Security by function
» Track up-to-the-minute Actual Vs Budget
 
FINANCIAL BUDGETING

ACCOUNTS RECEIVABLES

ACCOUNTS PAYBLE

ORDER MANAGEMENT

SALES MANAGEMENT

PURCHASE MANAGEMENT

INVENTORY MANAGEMENT

MRP

CRM

HRM

PAYROLL

FIXED ASSETS

POINT OF SALES

MRPII

 

 

 
Highly Flexible
» PACT Budget Module is comprehensive and highly flexible as it allows you to manage your entire budgeting process as well as all of its related requirements.
 
Manage
» The key to successful budgeting is both flexibility and inflexibility. Inflexibility means you allow very few exceptions to the upper limits and stick to it as best as possible to ensure that you perform within the allocated budgets.
 
FEATURES
» Monitor profitability and identify problems in a more timely manner.
» Save valuable time and costs during project execution.
» Security by function
» Track up-to-the-minute Actual Vs Budget
© PACT - Business Management Solution. 2008