SBS Financials Streamlines the Budgeting and Planning Process - Here's How
Cloud-based budgeting software that offers bidirectional synchronization is good. Cloud-based budgeting and planning that's built into the SBS Financials Suite is better. Here's why:
Easy Set Up
Whether your accounting team provides historical budgets as a starting point, or managers are empowered to build new budgets, setting up budgets in SBS is a simple point-and-click process. Enabling front-line managers to participate in the budgeting process is likely to increase the accuracy, and perhaps the acceptance, of a departmental budget.
Drill downs
Managers need access to relevant financial data as they create and/or edit their budgets. Having the ability to drill down to distributions, see invoice images, and review attached notes right from the budgeting screen gives budgeters the business context they need to weigh their options.
Control
Using spreadsheets to budget outside your accounting system is prone to error and takes more time than it does working within a financials suite. It's hard to know whether you're editing the current version of the budget. Then, there is the process of collaborating on a budget which may involve emailing the spreadsheet and the risk of exposing sensitive financial data. With SBS integrated budgeting, all of the budget creation, editing, and collaboration is done within a single, secure environment.
Having integrated tools lets companies streamline budgeting workflows and increase productivity. Our final article of the Cloud-based Budgeting series will showcase how companies are reducing time spent on the mechanics of budgeting and engaging more managers in the process.
