Budgeting/Forecasting

Real life, real time budget management means no surprises. Your organization invests countless hours planning, setting priorities and establishing budgets. But do you ever really know how many dollars went where and which dollars were spent most effectively? The Serenic Navigator Budgeting/Forecasting solution makes it easy; helps make every dollar count.

Fully integrated, Budgeting/Forecasting matches budget actuals with budget forecasts, making sure you know where your budget is going and that it’s all money well spent. Plus, you can be confident that your organizational and funding source financial requirements are completely enforced. Budgeting/Forecasting allows you to:

• Create transaction based budgets
• Set up multi-year budgets allowing budget tracking across fiscal years
• Roll-up budgets and actual activity by account groups, user defined dimensions, and self-balancing funds
• Integrate with budget approvals and workflow notification
• Set up budgets based upon daily, weekly, monthly, quarterly, and annual allocations
• Base purchasing decisions on available cash instead of budgets by using same budget checking functionality to compare actual expenses to cash balances
• Integrate with AwardVision, Serenic’s grant management software, for tracking of grant budget and actual activity
• Integrate with Microsoft Excel for both budget imports and exports
• Track remaining budget online in real time
• Establish tolerances for budget checking, for example, a certain type of expense can exceed the budget by 25%
• Establish budget rules that take into account commitments, encumbrances and actual expenses; as well as transactions that have not been posted