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| BUDGET MANAGER |
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WorkPlace Budget Manager allows the organization to establish budgets by period date
range and track committed amounts throughout the entire requisitioning process.
Budgets may be based on a total budget, a budget period, budget-to-date or fiscal year.
Multiple budget periods can be defined for each budget, and transactions can apply to
prior, current or future open budget periods. Budgets can be applied to projects.
Organizations can create a filter template to default, require and/or restrict
budget usage based on user, department and/or many other parameters.
Budgets can be configured as strictly enforced or allowed to exceed with approval.
Organizations can define approval routing rules specific to
a budget or whether the budget is exceeded.
Committed or encumbered amounts can be tracked through the entire requisitioning process.
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| When Needed: |
- We need tight budgetary compliance in our purchasing; if the purchase would exceed the budget it must be disallowed
- Our budgets are advisory; we need the ability to know when we are exceeding budget but not be constrained by the budget
- We maintain separate budgets for our different programs, and we need to keep track of items ordered by the appropriate budget
- We need the flexibility to apply current purchases to future budgets
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