ST.Budget is a system of company’s production and financial performance planning by making up the total Budget based on budgets of separate departments. The system assists in costs and financial results optimization.
- Creation of organization’s financial structure model as a hierarchy of related budgets;
- Preparation, consideration and approval of budget items;
- Identifying financial capacity and financial needs on every organizational structure level through requests formation;
- Data consolidation on different levels and by different sections;
- Total information support of Financial Management;
- Saving and further implementation control of approved budget plan.
Areas of application
Advantages of ST.Budget implementation:
- System adaptation to specific character of company’s budgeting process without IT-specialists involvement;
- Possibility to predict company’s financial results as well as results of separate departments in short-, middle- and long-term perspective and taking into consideration the risk factor;
- Minimization of risks while implementation of system and adaptation of users by means of access rights differentiation and Excel-like data presentation;
- Automatic data consolidation mechanism with no loss or perversity risks, interaction with reporting composition systems;
- Ability of multicurrency budgeting and management accounting currency usage;
- Transparent audit and budgeting process control by Top-Management and Financial Management;
- Wide usage opportunities – arranging of any relevant data collection and planning process.
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