Bizzi is an automated cost management and reconciliation platform designed to help businesses manage spending activities effectively. Bizzi's Budget Management feature is one of the most notable features of this solution.
With Bizzi's budget management module, users can create, track and manage budgets in real time. Besides, businesses can control their budgets easily and spend smarter to improve their ability to control financial activities, thereby confidently making better strategies and decisions.
Manage budgets, track expenses and see spending trends
Here in the Budget Overview screen, administrators can get summary information about the financial year, total budget for the year, status and budget updates. Besides, users also have budget control in the form of pie, column, line of money and time:
- The remaining/actually spent amount of the budget.
- The number of days remaining/elapsed of the budget.
- Top 5 categories with the highest budgets.
- Top 5 spend the most.
In addition, administrators quickly capture real information over budget on the dashboard screen along with information on the proportion of % budget (the proportion of % portfolio accounts for how much % compared to the total budget of the whole company). ), % actually spent (the proportion of % actually spent on the portfolio compared to the actual amount spent by the whole company), % exceeded (the ratio of % over budget of the portfolio compared to the budget) in the form of a portfolio. book.
Set up and allocate budgets for each department/project with specific limits
With the Budget Management feature, businesses can easily set up and allocate budgets according to the financial year with the size of the organization/project/department. As a result, organizations can proactively control their finances with the ability to set spending limits and assign budgets to each category/department/project.
Users can choose to allocate their budget in the following ways:
- Enter a monthly budget: enter for 12 months or by month the budget is required.
- Autofill budget by repeating month by month: Set a fixed budget for each month
- Co-populate your own budget by dividing it evenly by each month: Choose a budget for 12 months. The system will divide the budget evenly over 12 months.
Real-time notifications and alerts when spending exceeds budget
Bizzi's Budget Management feature configures an automatic alert function when spending exceeds the allocated budget. Thereby, helping users to detect and resolve budget issues in time before they become more serious. By tracking and analyzing cost metrics, the overspend alert system helps administrators make smart decisions and control costs more effectively.
Real-time cost tracking and recording
Users no longer need to manually update and calculate expense tables because the budget management feature is connected to Bizzi's expense management platform and approval process. As a result, businesses can reconcile and record expenses and update actual expenditures/budgets in real time.
Administrators can track expenses smarter with instant budget reporting while automating manual input processes. This helps businesses maintain a proactive budgeting and management process instead of waiting until the budget is exceeded to change strategies.
Integrating accounting software platforms to help synchronize budget information
With the ability to integrate with popular accounting software and ERP solutions, Bizzi helps users to easily synchronize business information on Bizzi with other financial systems they are using.
When Bizzi integrates with accounting platforms, budget and cost information is automatically updated and synchronized between these systems. This reduces the time and effort required to enter information and ensures data accuracy. It also makes it easy for users to access and manage their budget information from different financial systems in the same budget management platform.
Bizzi Automated Reconciliation and Expense Management Platform provides powerful budget management that can help businesses effectively monitor and control costs, while providing real-time information and alerts. real-time to keep teams informed and on track.
Free 14-day trial of Budget Management with Bizzi
With the desire to accompany and support businesses to solve budget and cost management problems, Bizzi offers a 14-day free product experience program. This is a great opportunity for businesses to discover and experience the Bizzi Automated Reconciliation and Expense Management Platform.
With this free trial, businesses can take full advantage of the product's features to effectively manage costs and reconciliations, save time and increase productivity. This free program also helps businesses learn more about the product and make the right decision about purchasing the product after the free trial period ends.
To register for the free trial program, go to: https://bom.so/14daytrial1
After successful registration, we will provide support and guidance to help businesses quickly and easily grasp product features. With this free experience program, we hope to bring a lot of value to businesses and help businesses save costs and improve their operational efficiency.
