Budget Tracking Module

Budget Tracking Module

Achieve efficiency through accuracy

General Description

Aspekt Product Suite has possibility for automated measuring of planned vs archived results within specialized engine supported by the Budget Tracking Module. The module represents valuable tool for accurate performance forecast and supports the core accounting processes, through efficient tracking of periodic budgeting plans, based on Client’s Chart of Account.

Within the module, periodic budgets can be generated with streamlined specification of revenues and expenses for the next period. Budgeting periods can be defined on monthly, quarterly, semi-annually and yearly basis.

The budget plans are governed by automated approval workflow, with predefined budget statuses and option for automated budgets rollback in the previous status. The workflow of every budget and the performed changes are automatically tracked in budget history.

The revenues and expenses accounts can be dynamically defined and managed from user side, with possibility for specification of additional account dimensions according to which to track performance rates, using indicators needed based on Client needs.

Comparisons of planned with achieved results can be accurately performed in predefined, structured reports for analysis or new reports can be dynamically defined with the Dynamic Report Generator (DRG), based on Client-specific parameters.

Key Features