The benefit of implementing a comprehensive budgeting and planning solution is control. Organizations that use SBS Budgeting have found that:
- Managers are always working on the latest version of the budget
- Users can create multiple scenarios within a single budget
- The budgeting process is defined so it's easy to measure progress and make adjustments
Latest Budget Version
Rust Communications was struggling to ensure that managers were working on the latest version of the budget, said Vice President of Finance Bob Kinder. Having SBS Budgeting integrated into the accounting software eliminated the need for emailing spreadsheets back and forth. It also saved hours of staff time that had been spent manipulating spreadsheets and updating totals. In addition, users could now be certain they actually were working on the current version of the budget.
Multiple Scenarios - One Budget
BH Media uses the built-in budgeting and planning functionality of SBS Financials to regularly review the financial status of departments, divisions, and the organization as whole, said Corporate Accounting Manager Josephine Soares. The ability to run multiple what-if scenarios makes Budgeting "a must have application."
Transparent Budgeting Process
Adams Publishing Group chose to roll out budgeting to several of its regional divisions with the goal of improving the accuracy and timeliness of its budgeting process. Empowering managers to make decisions that impacted their departments allowed them participate in, and gain insight into, the process.
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