Budgeting Analytics
Is your budgeting system linked to your day-to-day performance management system? Imagine the benefits to overall productivity and profitability your organization would gain if it was. A performance-based budgeting solution helps establish financial targets and measure accountability against those targets. Within the context of budgeting, analytics provide actionable information to the right people at the right time to optimize financial forecasting with accurate budgeting.
KBI Budgeting Details
KBI Budgeting enables you to generate operating, personnel, and capital budgets through an interactive and friendly user interface. Budgets are developed at or below the line item level, using the same chart of account structure as your Oracle® General Ledger. Budgets travel through automated work flow and can be exported or directly uploaded to the Oracle® General Ledger when complete.
KBI Budgeting features are best-in class, providing you with the ability to push budgeting out to more employees while decreasing the total time-to-budget. KBI Budgeting offers full reporting to support the budget process and fully integrates with KBI Variance Analysis to measure accountability against budgeted targets.
Full Process Management
Spanning all relevant Oracle budgeting categories including Salary, Tax rules, Employee Exemption rules, Payroll calendar, Last Year’s budgets and actuals, Projects, and Expenditures, the Budgeting module enables users to:
- Consolidate budgeting data instantly
- Budget process status tracking
- Define approval hierarchies to automate approvals through the entire process
Reduce Time To Budget
Use KBI’s budgeting capabilities to minimize budgeting time with benefits such as:
- Budget across multiple sets of books and charts of accounts
- Integrated GL, Capital, and Payroll Budgeting (e.g. capitalizing labor will automatically create offsetting entries)
- Full reporting to support the budgeting process
Personnel Budgets
Personnel costs are often one of the largest components of your operating budget. Personnel budgeting makes it possible for you to budget down to the position level for wages, salaries, benefits, taxes and other payroll expenses. KBI includes key benefits such as:
- Enhanced labor scheduling including capitalized labor, project assignment, FTE and % of pay allocation
- Recalculate burden based on supplemental earnings, next step/pay increase with automated Payroll to GL
- Include multiple funded positions
For a complete report inventory, please
view the KBI Budgeting Printable Datasheet 