TeamBudget Operating
Shorten your operating budgeting cycle with TeamBudget Operating.
Our TeamBudget Operating public sector budgeting solution can streamline your operating budgeting process with:
- Better visibility and control over your operating budget
- Reduction in errors with paperless budgeting
- Automated and custom budgeting reports
- Salary and position planning
Some of the key budgeting features of TeamBudget Operating:
- Multi-year Budgeting
- Web-based Spreadsheet-like Grid with Formulas
- Automatic Notifications of Changes in the Budget or its Status
- Unlimited Versioning and "What-if" Scenarios
- Tracking of Actual vs. Budgeted Costs
- Integration with your Financial Systems
- Comparing Budget vs Actual and/or Encumbered Costs
More detailed features of our TeamBudget Operating budgeting solution
Budgeting
As TeamBudget Operating was developed in conjunction with municipalities it was designed to streamline the budgeting process and make
each step simpler. Our TeamBudget Operating budgeting solution provides you the ability to:
Costing Center Entry and Analysis
- Share costing center information across all departments and budget scenarios
- Create seperate budget details for multiple budget scenarios at yearly, monthly and quarterly levels
- Develop "what-if" scenarios with the ability to switch between proposed versions
- Lock a budget and/or version from future changes
- Budget up to 25 years
- Track individual budget revisions without having to lock the entire budget down
- Use distributions to automatically allocate forecasted amounts throughout the year
Forecasting
- Forecast the effect of budgets on account balance
- Predict cash flow after a budget has been approved either quarterly or monthly
Salary and Position Planning
- Budget for positions
- Automatically calculate wages, benefits and associated labor costs
- Model complex union and salary contracts
- Allocate more than one employee to a position
- Allocate a position across many cost centers
- Forecast labor and benefit costs automatically for multi-years
- Fully automated and integrated with Operating budget
Actual Costs vs. Budgeted Costs
- Compare actual costs vs. budgeted costs
- Attach/link documents to costing centers
- Assign projects to one or several wards/regions
- Integrate with any financial package
- Create council ready reports displaying approved past budgets vs. actual cost comparisons
Integration & Technology
Municipalities asked for a public sector budgeting solution with little or no installation that was easy to use. With this in mind, our
TeamBudget Operating government budgeting solution was built on the latest Microsoft web based technology.
A web-based system allows for:
- No installation on user desktops
- Easy integration into existing business systems
- Availability across the enterprise and WAN using intranet
- Scalability to accommodate growth of your organization
- Simple log in and use from any system without installation
- Promotion or demotion of a project to the next stage with comments
Reporting
With our TeamBudget Operating public sector budgeting solution you can:
- Print reports that go directly into your budget book
- Access many built-in reports
- Customize existing reports
- Create Ad Hoc Reports using the integrated Report Builder Tool
Integration with Financial Systems
Integration means you can:
- Load your budget to your financial package once approved
- Import actual and/or encumbered costs
- Compare actual vs. budgeted costs
Security & Licensing
Security is a necessity, not an option. With TeamBudget Operating you can be sure that all information is secure.
With our TeamBudget Operating government budgeting solution you have the ability to:
- Restrict access based on multiple criteria such as: costing center, user, department or budget stage
- Allow administrators to quickly add a user to an existing role
- Prevent users from access to the budget after it has reached a certain stage
Read our brochure for a detailed list of features.
If you're not sure TeamBudget Operating is the right solution for you, read our Why TeamBudget section.
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