Budgeting and Expense Management
What Is Budgeting and Expense Management?
NetSuite Budgeting and Expense Management automates labor-intensive planning and budgeting processes so finance teams can quickly and easily produce budgets and forecasts, model what-if scenarios and generate reports — all within one collaborative, scalable solution.
Tailored for NGO and Government Related Company.
Benefits
Budgeting and Expense Management
NGO and government related company will be benefited from:
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Functions Highlight
- Source of Funding Management
- Department Budget Management
- Expense Commitment and Checking
- Dynamic Approval Workflow
Functions
Source of Funding Management
- Supports approval process when preparing the funding pool
Department Budget Management
- Supports approval process when preparing the department budget
- Check against the SOF prevent over-budget
- Support Versioning for the budget
- Support re-allocate the available amount in different budget (via Excel tool)
- Dynamically select the version in Comparison Report
Expense Commitment and Checking
- Check against the Departmental budget when preparing Purchase Order/Purchase Request
- Report to show Committed Amount, Available Amount, Discharge Amount for each departmental budget
Dynamic Approval Workflow
- Defining the approval right separated with the Employee Permission
- Customized interface for user to select Next Approver, fill-in comments/reject reasons, attach files in the approval workflow
