Do you know that efficient planning and budget management constitute a crucial element of company’s operations? It’s worth knowing what budgets are used for orders and purchases. Access to such information and data allows you to plan your budget for the following month, quarter or year in a better way.
Control over reasonability of cash flow
Control your company’s expenses. Check if there’s reasonability behind all of them. Exclude unnecessary costs and take advantage of savings brought about by the expenditures module of the Business Zone system.
Prevention of financial frauds
All cash flow operations are registered in the Business Zone system. The user cannot do anything related to the purchase of products or services without a valid procuration right or an accepted order.
Accept financial applications submitted by your employees
Each budget application must be accepted by authorized users. The Business Zone system can be used to define the way any application has to complete before it’s accepted. Authorize users to accept or reject applications and control your company’s expenses.
Divide your budget into expenditure targets
Divide your company’s budget into expenditure targets. Determine what parts of your budget are to be spent on individual business activities. Relocate budget resources between expenditure targets if any changes arise.
Divide expenditure targets between business sectors
Each business sector can use its own amount of budget resources. This way, you can avoid situations in which one of the sectors fails to submit an application for allocating budget resources on time and is left without resources for the relevant settlement period.
Has your curiosity been piqued? Schedule a free analysis with us to review the ways we can automate business processes at your company!