Budgeting

Budgeting is one of the main enterprise resource planning tasks, which helps fully assess effectiveness of business models used in a company.

Financial Plan Modeling

1C: ERP features allow you to model prospective financial states. When generating financial plans, the solution takes into account available resources as well as opportunities for attracting additional capital.

Schedule Payments for Sales and Purchase Plans

1C: ERP integration functionality makes it possible to receive data from other sources when building business models (for example, sales, purchase, and production plans).

Dimensions for partners, counterparties, contracts, and cash flow items can be automatically populated with data from planning documents relating to trade and purchasing activities of the enterprise.

Besides, the solution offers features for both scheduling of payments under a certain budget item and separate scheduling of anticipation payments and payments on shipment.

Funds Expense Control

In the application, you can set individual limits for enterprise budget items:

  • Allowing limit makes it possible for you to post expenditure request if its amount does not exceed the limit balance (in case of excess, expenditure request posting will be automatically blocked).
  • Additionally limiting limit performs a function of specifying an additional limit for the main one. For example, a limit for a selected cash item is defined, and you need to set a partner limit.
  • Information limit informs you about exceeding a limit when posting an expenditure request but does not block it.

Actual and Planned Data Comparison

When comparing forecast and actual data of enterprise financial state, you can use different scenarios (for example, a Quarterly plan and a Quarterly plan considering external factors) assessing total amounts of:

  • Transaction
  • Scenario
  • Management/Regulatory accounting.

Actual data scenario simplifies the comparison procedure. The following can be sources for it:

  • Real-time accounting (data sources are business transactions with an ability to determine a source of amount for a selected transaction)
  • Regulatory/International accounting (data sources are the balance and turnovers in accounts of the corresponding chart of accounts)
  • Arbitrary data (you set up an arbitrary scheme for receiving any actual data available in the accounting system).

Business model analysis

You can carry out a detailed analysis using three different types of budget reports:

  • Budget displays only planned values
  • Comparing of scenarios allows you to compare different plans and control budget item variances
Variance analysis allows you to compare the selected scenario with actual data received during the reporting period.