The Budget Management (BUD) module provides companies with the ability to manage their entire strategic, operational and financial plan by creating a budget that fits their vision for the future. An unlimited number of budget scenarios can be created through this module, the budgets generated can be versioned, selected and revisions can be performed quickly when needed.
The integrated structure of the module enables the planned and actual figures to always be kept up to date and the companies can be managed in real-time. Budget categories can be set up in different hierarchies for different business areas such as "Sales Budget", "Production Budget", "Purchasing Budget", "Investment Budget", "General Expense Budget", "Personnel Budget" and "Financial Budget". The successful integration with other modules makes the planning and reporting process more efficient.
There are standard reports in the Budget Management module that allow various analyzes:
For the planned sales figures in the Budget Management module, actual data or independent needs in the Sales Management module can be used. Production and purchase budgets are generated through the Material Requirements Planning and indirectly through the BOM and Routing Management modules. Plan values created within the Budget Management can be taken into consideration in the Material Requirements Planning module and can be used in related processes. The values in the credit application in the Finance Accounting module can be used within the budget module and the credit definition of the budget can be made. The development of fixed assets belonging to the investment budget can be monitored in the Asset Management module. If planned budgets for purchase and expense are exceeded, the system warns the users while performing transactions in Purchasing Management and other related modules. The personnel budget can be created by considering the data in the Human Resources Management module. Once the expense budgets have been defined, the distribution of expenditures on the activities through the distribution schemes in the Cost Centers Accounting module infrastructure, calculating the unit activity costs based on the cost center and thus, by the help of the Standard Cost Management module, calculating the budget cost in the actual cost detail can be provided. In addition, a structure that works integrated with the Business Process Management module can be established in order to manage the approval processes through the system. The plan data in the generated budgets can be compared with actual values through integration with the relevant modules and a reporting infrastructure can be created for deviation analyzes.
The components of the Budget Management module, which are fully integrated into the general system and have a structure in connection with other modules, ensure that calculations, reports, and transactions are performed quickly and accurately.