Tuesday, January 06, 2009
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RockWise CEMIS - Budget Control System Minimize

RockWise CEMIS - Budget Control

The Budget Control System (BCS) enables the financial controllers to define and develop the budget for different business units, divisions and departments within the organization and link these budgets to designated accounts.

  • Complements Corporate Accounting by allowing financial controllers to set the budget based on company standard procedures, both historical and projected.
  • Allows financial controllers to compare actual data against the budget at any moment in time and across different periods (months, quarters, and years)
  • Automatic reporting to management on budget variations
  • BCS allows you to build the budget at the level of the company, branch and department
  • An efficient workflow process is built-in, allowing quick processing of budget approval for each department
  • Overall budget approval at the level of each branch
  • Facility to lock and unlock the budget provides greater security and tighter financial control
  • Keeps a log on historical changes on budget items

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