Budget & Credits /Financial Management
Control over credit allocation and budget consumption
The Budget & Credits system links budget chapters, programs and line items to accounts and organizational units. Allocation, credit commitment and budget transfers, together with control of purchasing, inventory and payroll amounts, make it possible to track resource consumption. Budget performance and variance reports compare actual results with the approved plan.
Benefits of Budget & Credits
Budgeting by unit and heading
Tracking of credit allocations and transfers
Related documents checked against the budget
Analysis of variances from the approved budget
- Budgeting by unit and heading
- Tracking of credit allocations and transfers
- Related documents checked against the budget
- Analysis of variances from the approved budget
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Frequently Asked Questions
Which organizations is the Budget & Credits system designed for?
It suits public, private and holding organizations of any size, and its base settings adapt it to each organization's structure and processes.
Is Budget & Credits integrated with the other subsystems?
Yes. Budget & Credits exchanges data automatically with the other Financial Management subsystems and with the rest of the CYBER ERP modules.
Can data be migrated from our previous software?
Yes. Raydana's implementation team migrates master data and balances from your previous system and verifies them before go-live.
How are Budget & Credits users trained?
Training is delivered through individual and group sessions, step-by-step guides and video tutorials, with continued support after go-live.