Advance Budget Control
by Naviworld Vietnam
Operation excellence with Naviworld Advanced Budget Control Solution
Developing a budget is an essential part of the financial planning and control process of an organization; however, you find that the process is challenging since it forces managers to foresee, study trends, and formulate necessary strategies? Understanding what you have experienced, Naviworld Vietnam offers you the Advance Budget Control Application integrated with Microsoft Dynamics 365 Business Central which is tethered with Encumbrance Accounting.
The budgeting helps highlight the financial implications of plans, to define the resources and conditions required to achieve these plans. The controlling function verifies if the results achieve the predetermined objectives, reporting when deviations occur and the causes that produced them.
Organizations can avoid overspending costs when they can conduct real-time proactive monitoring and validating of budget usage across the entire procure-to-pay transaction lifecycle and streamline the financial close process with carrying forward of encumbrances.
The following functions are key features of Advance Budget Control:
- Reduce transaction processing and data entry errors when intuitive error messages and warnings enable them to quickly identify and resolve.
- Comply with legal transaction control and accounting standards when being able for the definition of conditions upon combining financial accounts and dimensions.
- Let organizations control spending at any budget level or time interval on a daily, monthly, or yearly basis.
- Gain immediate visibility to track fund availability when enables drill down quickly to view the transactions that contribute to the budget control and expenditure balances.
- Active budgets can be revised by permission and all the budget versions are archived. The revised version must be under approval workflow before replacing the original with the same budget code but the remaining amount.
- Easily customize your budgets and plans with the intuitive, spreadsheet-like directly in Excel function integrated with BC.
This app supports the Essential and Premium editions of Dynamics 365 Business Central
United States, Japan, Thailand, Singapore, Canada, Germany, Vietnam
Currently available in English and Vietnamese