Easy Budgeting on the Web

• Workflows allow the coordination of budgeting and forecasting across divisions, departments, and other internal groupings, with an intuitive assignment, submission, and approval process for each account code line.
• For guidance, comments can be attached, and a detailed history of each workflow can be viewed.
• With built in permissions set by Finance, GL codes are only visible to rightful people on a needs-to-know basis. Notifications let contributors easily track the items assigned to them and alert them to new tasks.

• Designed to have well-known spreadsheet features while retaining a modern EDA feel, users navigate the budget worksheet using familiar keyboard shortcuts.
• Users can enter values or formulas in worksheet cells, with formulas able to reference cells in the worksheet, previous year’s values, or values from drivers (e.g. sales, headcount, or miscellaneous drivers).
• Entry can be into each month, or a total can be entered, and various options chosen to spread the total over the budget period months.
• Worksheets become highly collaborative with users able to add comments to cells and have visibility to other users’ changes in real-time.
• An added bonus is that you can publish your budget data back into EDA software, where it automatically becomes a stream available for analysis alongside EDA Financial Statements and visibility across the business.

• Data in non-financial databases (in Phocas software or your ERP) can be leveraged during detailed budgeting so that the true budget drivers including sales figures, headcount and capital expenditure are included.
• Drivers allow for drill-down into detail lines that make up the budget for those items (e.g. for sales, drill down into salesperson, product group, or SKU level).
• The headcount driver allows for budgeting at the employee level, including all benefits and related costs.

Account code level permissions inherited from the EDA financial database preserve user-restrictions already in place.

• Forecasting uses the budget workflow and worksheet and provides a simple way to either reforecast estimates during the budget period or prepare a rolling forecast which will form the basis of the next year’s budget.
• You can prepare your forecasts easily, by bringing in current year actuals to date and revising budget assumptions.

Different scenarios are modeled and the impact on the financial position under each scenario is analyzed. Planning involves making multiple copies of prepared budgets and adjusting assumptions to test the result.