AccTech Capital Budgets is a rich Budgeting Facility that will enhance your Fixed Asset Management solution. This user-friendly application allows you to create budgets on multiple levels and to further break it down from General Ledger type budgeting, based on Accounts. This may be applied to business categories and extended detail not always present on the General Ledger level.

The lowest level of budgeting is on item level. Each user, division or cost centre can budget specific items for capital expenditure in bulk and submit these budgets and items for approval through AccTech’s eWorkflow.NET solution. After approval of the budget and budget item, the user will select the item during the workflow procurement process, ensuring effective budget control and accurate budgeting. Unbudgeted items can be purchased through a stricter approval process.

The receipting process also occurs in eWorkflow.NET, where all the necessary transactions will integrate to the financial system and asset register additions will be automatically created to complete the full circle solution for fixed assets management and capital procurement.

AccTech Capital Budgets allows you to input or import budgets, allocate across periods and phasing of budgets or sub-budgets. Phasing into various periods will assist with analysis and commitment reporting.

Ceding of items between budgets is one of the key features in the product. One item’s value can be ceded to one item or more items in a completely different budget or category, and one or more items can be ceded as one item in another budget. This gives you the flexibility to rectify or change the budget in a controlled manner to adapt to changes and needs in the business.

The solution offers Role-based security for users limiting permissions on Budgets, Budget Items and System settings.

Features:

• Budget on item level
• Ceding of budgets & items
• Security & Audit Trail
• Enhance Fixed Assets Management Information, Analytics and Forecast Modelling
• Commitment & Forecast Reporting
• Bulk Budget and Item facility
• Receipting process in eWorkflow.NET
• Seamlessly integrates to the ERP and Asset Management Systems

Easily Determine values, allocations and phasing on budget item level.

Advanced SMS is not available as a downloadable trial version from this website. To view a product demo or technical documentation, contact our Development team on Tel: +27 12 640 2600 or email: sales@acctech.biz