Budgeting in Microsoft Dynamics NAV allows us to predict the financial condition, to conduct a comparative analysis of projected and actual income figures, ascertaining the reasons for deviations, for further correction of the business. Budgeting process is needed for clear purposes of the enterprise, understanding of the needs of current resources and future volumes.
Budgeting module will automate the process of preparing, organizing and controlling budgets to taking effective and actual management decisions.
The functionality of the module budgeting in Microsoft Dynamics NAV:
- A flexible mechanism for budgeting, planning, monitoring;
- Unlimited number of budgets with varying degrees of detail - by office, company, holding company;
- Detailed budgets for individual income and expenditure budgets of sales by product, departments, managers;
- Development of planned income and expenditure budgets on the basis of expert and statistical evaluation, trends;
- Accounting predictive values in budget incomes and expenses: the dynamics of growth of sales, changes in the prices of goods and materials;
- Formation of investment budgets;
- Automatic generation of actual budgets;
- Budgeting for a financial and physical terms;
- The introduction of fixed and variable rates within budgets;
- Automatic creation of the budget expenditure on the basis of the budget of sales;
- Automatic creation of cash flow budget based on templates collection;
- Comparison of budgets for different periods, and analysis of plans, facts, deviations;
- Calculation of financial indicators;
- Development of analytical reporting;
- Integration with Microsoft Excel, the ability to import and export budgets.
Implementation Budgeting module allows you to:
- Conduct calculations for budgeting of the company more effectively;
- Facilitate the work of staff in the financial sector;
- Avoid mistakes and errors that can significantly affect the implementation of the budget;
- Manage the performance of the enterprise;
- To control all information flows, the movement of financial and material resources;
- Quickly and accurately analyze the performance of your business for rapid decision-making;
- Regulate business processes;
- Create a transparent system of governance;
- To ensure the competitiveness of your company.
