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The Roadmap ERP's Budget Management suite, through complete financial data integration and system automation; offers time efficient, accurate, flexible, and scalable budgeting solutions. The solution's accurate predictions and real-time data usage ensures that your strategies and budgets are aligned to the financial climate at all times, thereby, maximizing the adaptability quotient of your business; reducing risk; and optimizing opportunity.
The suite makes you to excel in your budgeting solutions and enables you to prepare instantaneous budget; extract sales forecast data; develop Production plan; generate comprehensive report; and abolish time consuming and tedious data entry.
In further, generation of reports on sales budget, production budget, and purchase budget, direct labor budget, manufacturing overhead cost budget, G & A budget, budgeted profit & loss statement, and budgeted cash flow statement; supports the finance oriented activities of your business.
STATIC BUDGETING
Acquire financial intelligence and enhance analytical capabilities to analyze, assess, and appropriate accurate financial solutions.
The Roadmap ERP's Static Budgeting solution, based on your company's anticipated level of output and revenue at the start of any given accounting period, incorporates anticipated values of inputs and outputs, and delivers a budget on a single level of activity. The budget remains constant even as other factors, such as sales volume and revenue change. The numbers from static budgets are often quite different from the actual results; and from the difference between the actual results and the static budget, Static Budget Variance is derived.
Benefits
Static budgets offer strong insight into a company's costs and profits when a 'Static Budget Variance' analysis is performed; furnishes a clear picture of its overestimation or underestimation of expenses and revenues; and the scope to alter its future strategy accordingly.
Static Budgeting system does not provide any flexibility to make amendments beyond the scope defined by it. This stipulates companies to act within the budget's limits by controlling costs and making smart spending decisions.
The Static Budgeting solution pre-determines a company's material and resource requirements like, raw material, equipments, tools manpower, etc, through the assessment of precedents; and offers you a clear picture of ending Inventory.
A much cherished advantage of Static Budgeting is the easy to implement feature of the solution. Further, Static budgets do not need to be updated continuously throughout the accounting periods they're intended to cover.
FLEXIBLE BUDGETING
Recognize the difference in behavior between actual scenario and expected scenario; budget; scale the difference; and excel.
The Roadmap ERP's Flexible Budgeting software illustrates differing levels of revenue and expense, based on the amount of sales activity that actually occurs. All the required financial data to make the budget can be easily loaded into the system just at the click of a button; and budgeted expense and revenue levels are automatically generated by the model, by means of formulae that are set to represent the resultant value at different levels of activity in terms of percentage.
Benefits
The system utilizes production rate at different percentile levels as input; calculates the corresponding budgeted expense and revenue; and furnishes multiple fiscal projections for you to identify and choose the level of operation, which generates maximum profit through minimum investment.
The 'Flexible Budget Variance' analysis enables you discern where the actual performance deviated from the planned performance, and effectively guides you to control costs appropriately. The system, further, empowers you employ it to the extent of comparing Profit and Loss.
The module facilitates you by generating reports on sales budget, production budget, and purchase budget, direct labor budget, manufacturing overhead cost budget, G & A budget, budgeted profit & loss statement, and budgeted cash flow statement.
ROLLING BUDGETING
View your business from multiple perspectives; choose the ones that fit; and adjust your plans to align with forecasted market trends.
The Roadmap ERP's Rolling Budget solution operates by dividing any prescribed time span for budgeting into two periods, namely, Primary period and Secondary period. For example, in the instance of an annual budget, the system divides the year into, say, a3 month Primary period and a 9 month Secondary period; fixes the budget for the Primary period, while making a tentative budget for the Secondary period; drops the Primary period once it gets over; gains the first 3 months from the Secondary period to be the new Primary period and extends the Secondary period into the immediately following 3 months; repeats the budgeting procedure as before with due consideration for inferences from the erstwhile Primary period; and ensures that you perpetually have an annual budget in action.
Benefits
When the circumstances and conditions are constantly changing exposing your business to extremely varying elements of commerce, a rolling budget will be a wise choice owing to its flexibility to be revised at regular short intervals; thereby, streamlining your financial activities for the next Financial period.
The rolling budgeting solution does not require an extensive investment of time and money for planning, for it just involves the incorporation of changes from the past period and an intensive tactical planning for a comparatively shorter Primary period.
Forecasts based on immediately preceding periods enable implementation of adjustments relevant to current market conditions and business status; thus, the rolling budgeting solution helps the attribution of timely corrections to expenses and income, and realizes favorable results.
Based on the vital information provided by the reports from the preceding Primary and Secondary periods, the system plans the accurate allotment of budgetary provisions for the Inventory, material, and resource requirements for your current budgeted period.
Need help with implementation?
Roadmap's world-class professional services team is ready to help you.
Roadmap brought effectively controlled material management system across all the strategic units, leading to accurate financial data accumulation and aging visibility.
