Datarails Budget Module offers a straightforward way to create and manage Budget processes, customize and streamline your budgeting workflows, design and implement budget templates and assign roles and responsibilities to team members for efficient collaboration.

The Budget Module enables efficient creation, execution, and management of your budget process. Each step is stored in the database, allowing quick creation of subsequent steps and facilitating comparisons and analyses of different scenarios and budget components. By automating the process, the module integrates all parts of budgeting, reducing manual work and human errors while increasing analytical power.

The Budget module is not enabled by default. If it's not available, contact the Customer Success Team for assistance.

Budget Module Structure

• Budget Cycles - Create new budget cycles to represent any major submissions in your budget process. Compare different cycles in dashboards and Excel reports. Budget cycles can be created from scratch or cloned from previous cycles as starting points.
• Budget Files - In each budget cycle, create or upload budget files to hold your budget inputs, such as Revenue or COGS.
• Budget Builder - In addition to Report Builder capabilities, Budget Builder allows quick creation of budget files by pulling in historical Actual, Forecast, and Budget data. The current year's budget data entered into these files will be automatically mapped into your Datarails database.
• Budget Templates - Create budget templates similar to budget files, with the added ability to split each file by relevant dimensions (e.g., department, product line) to support multiple contributors.
• Reports - Store consolidated budget information from multiple files and templates to display the outcome of the budget process.
• Workflow - Link budget cycle tasks to a workflow to track their statuses per file and cycle.

Start a Budget Process

1. Access the Budget Module from the left side panel.

   

2. Switch between tabs to view Budget Cycles, Budget Files and Workflows.

   

3. In all tabs except the Budget Cycles tab, data is presented per the selected year and budget cycle. Use filters to toggle between budget years and cycles.

   

Updated September 03, 2024 08:49