Budget Management System
Budget Management System
The Budget Management System (BMS) by InfoDevelopers aims to automate the entire processes of the budget management life cycle of an institution.
Features
Office Estimated Budget
Create estimated budgets for the upcoming fiscal year and submit them to the Budget Department before the formal opening of the new fiscal year.
Estimated Pool Budget
Create pool budgets to cover capital expenditures and other unforeseen expenditures as a part of the regular budget preparation life cycle.
Departmental Estimated Budget
Create departmental/branch estimated budgets for the upcoming fiscal year budget with reference to the budget consumed to date in the running fiscal year and the expected new budget limit for the remaining months in the current fiscal year.
Estimated Budget Review
Review of the budget sent by all the departments/branches by the concerned authority.
Budget Consolidation & Release
Easy process for combining and consolidating the reviewed estimated budgets from different departments/branches. Release approved appropriated budget to operating entities with reference to the defined budget release frequency.
Additional Budget Request
Request the budget department for the additional budget if departments/branches fall short of the allocated budget.
Budget Withdraw
The budget department can withdraw the appropriated budget from offices and departments to master the budget without the consent of offices and departments.
Why BMS
Fast, Agile & Accurate
Developed using simple and easy-to-use technologies, this budget management system is simple and easy to use. Equipped with intuitive built-in technologies, using this system does not require the user to be a technical person.
User-Friendly
Comfortable, user-friendly, and elegant Graphics User Interface (GUI) that requires minimal training, and budgets can be built more quickly.
Interactive Dashboard
An interactive dashboard that allows the users to track how and where the organization and departments are spending.
Analytics & Reporting
Comprehensive analytics & reporting to allow decision-makers to view budget status and expenditure progress on different budget heads in all branches and generate customized reports accordingly.
Multidimensionality and Business Intelligence
Easy creation and management of budget by region, product, time frame, etc., so that users can capture these factors in multidimensional data structures. Coupling such multidimensionality with business intelligence software enables a rich set of queries, analyses, what-ifs, and simulations.
Workflow Management
With proper workflow features, budget work can be assigned to individuals within departments and then reviewed at the departmental and executive levels. The benefit of workflow features or separate workflow systems is that management always knows where work or rework is being performed.
