Once carried out by a financial director and a few accountants, budget planning is becoming more of a company-wide effort with a greater number of managers and employees contributing to the process.
While annual budgets were once set in stone, more companies now view budgets as living documents that are revised on an ongoing basis throughout the year.
Dream provides comprehensive facilities for collating, holding, updating and reporting on budgets and forecasts:
- Any number of comparative budgets and forecasts can be maintained.
- Budgets are entered once and are available for comparative reporting and enquiries at all levels and dimensions of reporting and analysis.
- Budgets and forecasts can be held for all levels of analysis and are available for comparative reporting at all levels of reporting.
- Budget virements and changes are processed as transactions, providing a full audit trail of budget movements.
- Budgets can be modelled in DreamView, utilising actuals from prior years if necessary and posted directly back to Dream.
- Dream's input forms and order processing functions can interact directly with budget management to prevent or warn users where budgets are being exceeded.
- Budget monitoring can span financial years, for instance, project budgets.
- Budgets and forecasts can be held for statistical as well as financial values e.g. visitor numbers, units sold etc.
