Day-to-day operations, major capital improvement programs and individual projects all demand financial accountability. Your organization needs the assurance that money is being spent for the right purposes, on the right items. With Bricsnet’s budgeting features you can plan and project appropriations, allocations, expenditures and income at whatever level of detail is needed – down to the line item – and track the flow of funds to provide proper control and oversight

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Impact:

• Provide full oversight and financial transparency

• Meet stringent regulatory and reporting requirements

• Accurately account for current costs and predict future needs

• Track actual expenses and income against projections

• Adjust for emergencies and unexpected events

• Ensure timely action on your organization’s top priorities

Capabilities:

• Create and approve detailed budgets for properties and projects

• Project future year budgets and explore alternative scenarios

• Enforce spending limits

• Track actual income and expenses against forecasts

• Handle both recurring and one-time charges and payments

• Allocate charges to internal cost centers to ensure that the organizations responsible for expenditures are paying for them

• Manage adjustments and changes

• Interface with your accounting system to ensure consistency across the enterprise