The Budgeting process, to be representative of the business, must reflect the basic building blocks of the organization from the ground up. All Revenues must flow from basic sales events that include details such as products, sales prices and quantities. All Expenses must be based on purchase events that include direct variable costs and fixed overhead costs. HR costs must be based on the specific details of utilization, salaries, bonuses, benefits and vacation, among others. Additional components that round out a complete budget may include Capital expenditures and Cash flow assumptions.
BI360's Budget and Business Modeling functions are capable of handling any area of any business in any industry. This level of customization allows for business models that not only include business logic that quickly and precisely reflect any set of assumptions, but will produce specific operational and financial values that serve to consciously budget for the future, with many variables, while easily consolidating and integrating the various functional areas of your organization.