Manage the procurement process effectively using budget planning and execution

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The Budget Control solution allows you to create and manage budgets for all your purchasing processes in SAP Business ByDesign. This will allow an organization to plan the expenditure by year, month and quarter, and monitor the availability of the funds for a project or operations.

By Phoenix Business Inc.

Overview

Plan and monitor expenditure in real-time

This solution allows an organization to create expenditure plans by company, cost center, or directly by General Ledger accounts. It can optionally include an approval process to stay compliant and help with the audit process.

Limit the expenses

This solution is tightly coupled with the procurement process. It will allow the purchasing process to continue only when there are sufficient funds available for purchase.

Control spending at each level

The solution allows and monitors pre-encumbrance funds and encumbrance funds w.r.t. each budget category for a finite time period. This allows an organization to estimate and plan the expenses on the horizon.

Details

Solution type

Extensions and Add-ons

Industry

Cross-Industry, Wholesale Distribution, Engineering, Construction, and Operations, Public Sector, Aerospace and Defense

Compatibility

Works with

This product is compatible with or enhances the functionality of these SAP solutions but doesn't require them.

SAP Business ByDesign