Collaborative Budget Allocation and Management
Standardizing the budget allocation request workflow across company departments and divisions can lead to a predictable and timely outcome.
Features and Benefits
Standardisation & Improved Collaboration
A centralized location for comments, as well as a communication log for each request, can help involved stakeholders make quick adjustments and minimize any delays.
Automation
Automating the entry of data. Automating validation, minimizes errors and ensures the accuracy of any request. Full automation and elimination of error-prone spreadsheets/email process tracking.
Improved Visibility
End to end visibility. Alerts and notifications in cases of exceptions. Transparency at different levels of the process.
Notifications
Timely and accurate approval request routing and notifications Sequential or parallel approvals Escalations based on inactivity and due dates
Process Variances
Covers all process variants for budget allocation & management.
Reports
End to End tracking and audit trails
Budget Allocation & Management Workbench
Interactive workbench for users to review, take corrective actions