Why do I
need a new budget system? My company already has a
corporate budget system.
It is true that the majority of the companies have
corporate budget systems. However, the role of these
systems is to consolidate the budgets of different
departments of the company. This is to say that these
systems do not create budgets. They collect budgets
created by different budgets holders. These systems do not
offer any help for the budget holders to create their
budgets. You need Smart Budget to create budgets for you.
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What
is the target audience for Smart Budget?
Smart Budget is a must have tool for
department managers, division managers or any budget
holder with the responsibility to create and manage
budgets.
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What
Smart Budget IS NOT?
Smart Budget is not a replacement for
the corporate budget system. It will not compete with the
corporate budget system or with the accounting system. It
is an additional tool to improve the budget process.
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How
does Smart Budget improve the budget process?
Most of the time and resources
required to produce a budget are consumed in the
preparation phase. In the preparation phase the budget
holder collects data, transcribes data, performs
calculations, evaluates results, puts results into
appropriate format and communicates the budget to the area
responsible for the consolidation of a corporate budget.
In most cases, budget holders perform these activities
manually or they use spreadsheets. Smart Budget automates
the whole process eliminating the manual work and the use
of spreadsheets.
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How
does Smart Budget store information?
Smart Budget stores its information
in Relational database eliminating the need of
spreadsheets.
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How
long does it take to create budgets?
Because of the automation introduced
in the budget preparation process, complex budgets that
would take weeks to be prepared can now be created in a
matter of minutes.
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