Budgeting & Controlling
Full control over the organization’s finances – integrated budgeting in Enovatio Workflow
Effective budget management requires precise planning and monitoring of expenses on an ongoing basis. Enovatio Workflow provides full control over finances, enabling budget management both at the level of the entire organization and individual projects. Thanks to the integrated budgeting module, you can plan, monitor and settle expenses in real time, minimizing the risk of overspending.
Key functions of the Enovatio Workflow budget module
01
Multi-level budget planning
The system allows you to create budgets for both the entire organization and individual projects. What’s more, several budgets can be assigned to one project, which allows for better division of financing.
02
Flexible approval process
Each budget goes through approval in accordance with the adopted workflow. Thanks to this, the organization is sure that funds are correctly allocated and controlled in accordance with internal regulations.
03
Monitoring and control at every stage
The Enovatio Workflow budget system allows for real-time financial management, from the planning stage through implementation, orders, invoices, to payments. The user always knows how many funds they have at their disposal, which makes it much easier to control expenses.
04
Integration with other modules
Budgeting is closely linked to the order and invoice flow modules, which allows for smooth data exchange. In addition, integration with other financial and accounting systems, ERP or BI is possible via API.
How does the budget module support, among others, the management board, directors or project managers?
For the Financial Director:
- Full financial transparency and control over cash flows.
- Automation of budget approval and monitoring processes.
- Possibility to generate reports and analyses in real time.
For the Management Board:
- Optimization of financial management at the strategic level.
- Reducing the risk of incorrect budget decisions.
- Possibility to forecast future expenses based on historical data.
For Project/Budget Manager:
- Current overview of available funds.
- Easier management of project costs.
- Possibility of ongoing response to changes in finances.
Summary
The budgeting module in Enovatio Workflow is a comprehensive tool that allows for effective budget management in the organization. Thanks to integration with other modules and the possibility of flexible adjustment to the needs of users, the system allows for effective planning, monitoring and optimization of expenses. This solution not only facilitates everyday work, but also provides full control over the organization’s finances, which translates into its stability and development.
If you want to learn more about the possibilities of the Enovatio Workflow system, contact us and arrange a presentation!
