TeamBudget Budgeting Solution FAQ
With an online system, the budget remains in one place while it is virtually released and sent back for changes. This means that everyone is working with the same budget and changes can be made at any stage without errors or duplications.
Definitely. With TeamBudget you can be guaranteed that the hours worked during the budgeting season will reduce drastically. TeamBudget reduces duplicate entries, clerical errors and makes report writing easier, all which will save you time when putting your budget reports together for council.
TeamBudget eliminates the need to duplicate entries as it is web-based and not a paper based system.
In TeamBudget once a budget is final, an individual can then release it to the next level. Budgets are continually approved and released to the next level. If changes need to be made, they are then sent back to the budget owner for analysis.
TeamBudget can integrate with many of the popular financial packages. There is no reason to spend additional dollars on a new financial package as we'll make it work with your current one.
Actual costs can be manually added or imported from your financial system. TeamBudget allows you to track, analyze and report budgeted vs. actual findings.
Reporting with TeamBudget is less time consuming as all required information is now centralized. There are approximately 25 standard reports that are available for use which can be customized.
Customized reports can be generated fairly easily with a little computer knowledge. However, if time is of essence, Questica would be happy to provide you with a quote to develop any additional reports you may require.
All reports can be saved in PDF and posted to your municipal website.
Questica takes security seriously. TeamBudget only allows the Administrator strict access and the ability to set user roles, create drop down fields as well as reports. Budgets can also be locked down after a budget reaches a certain stage.
As TeamBudget is a web-based application, there is no limit to users other than how many licensees are purchased and the number your hardware or server could service.
The implementation varies but generally takes anywhere from 4 weeks to 3 months. Normally we take about 8 full days over the 3 month period. We will require about 20 hours of the client’s time.
In TeamBudget one can develop several “what-if” scenarios with the ability to switch between the proposed versions. Multiple versions can be created, but only one version can be pushed to the next level for approval.
As TeamBudget is a web-based application and easy to administer, your IT department will have minimal involvement, approximately less than 4 hours. All tech questions can be directed to Questica.
TeamBudget is an efficiently designed application and many times municipalities choose to work with their current infrastructure. If additional hardware is required it would be minimal.
TeamBudget will store all previous year’s budgets and versions you require.
TeamBudget allows you to forecast out 25 years.
TeamBudget allows you to create alerts to notify yourself when your budget has been modified. The budget will also indicate what has been changed.
Yes, supporting documents can be attached when moving a budget to the next level.
TeamBudget Operating allows full customization of all fields.
Yes it does.
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