Budgeting with AMODIT – A Modern Tool for Managing Budgets in Your Company
Budgeting is a key process in every company, enabling effective financial planning and control. With AMODIT, you gain a modern budgeting tool tailored to the specifics of your organization. Avoid rigid frameworks—choose a budgeting system that perfectly fits your needs!
Budget Management – Your Rules, Our Technology
The AMODIT system supports comprehensive budgeting at every organizational level. Whether you’re creating an annual company budget or analyzing monthly fund allocations, our solution ensures full control and financial transparency.
- Annual Budgeting: Provide a consistent financial overview for the entire organization. Track allocated, reserved, utilized, and remaining amounts throughout the year. Manage your budget in real time with an intuitive interface.
- Monthly Budgeting: Break down your finances into detailed monthly data to better manage day-to-day expenses. Gain insights into the financial dynamics of each department for more effective decision-making.
Plan and Approve Budgets in AMODIT
The intuitive interface makes it easy to add information such as budget amounts, departmental assignments, or detailed monthly allocations. Manual data entry is supported by validation and auto-fill features, minimizing the risk of errors.
Beyond data entry, the AMODIT system allows you to design your own approval workflows for budget plans. This flexibility enables you to tailor the budget approval process to your organizational structure and decision-making rules, ensuring full control at every stage.
Benefits of Implementing the AMODIT Budgeting System
Control
Enables monitoring and management of funds at all organizational levels, providing up-to-date data on budget status.
Flexibility
The system allows customization of budgeting processes to meet the unique needs of your organization, including data import, manual information entry, and integration with other systems.
Automation
Automatic calculation of budgets at monthly and annual levels, integrated with the procurement process and invoice workflow, reduces the risk of errors and saves time.
Transparency and Consistency
All budget changes are logged, and approval processes are transparent, enabling better control and auditability.
Optimized Approval Workflow
The ability to customize budget plan approval workflows to match the organizational structure, streamlining the approval process.
High Data Quality
Validation and auto-fill features help minimize the risk of errors and ensure the integrity of budget data.
Time Savings
Automated processes such as calculations and updates save time and enhance work efficiency.
Scalability
The system grows with your organization, enabling the management of increasingly large and complex budgets without the need for extensive changes.
Easy Financial Analysis
With reports generated in AMODIT, organizations can make decisions based on accurate and reliable financial data, supporting effective budget management and expense control.
Invoice Workflow and Orders Enhanced with Budgeting - Utilization and Reserves
In AMODIT, budget management is closely integrated with the order workflow to accurately track fund reservations and with the invoice workflow, where every registered invoice updates the budget utilization status.
Orders
During order processing, the user selects the appropriate budget item to assign the order to. Upon approval:
- The order amount is recorded as “reserved” in the budget.
- The system automatically factors this amount into calculations of available funds, enabling real-time budget monitoring.
Inovoices
Similarly to orders, invoices can be manually assigned to the appropriate budget items by the user handling the document. Once assigned:
- The invoice amount is marked as “utilized” in the budget.
- If the invoice relates to a previously reserved order, the system automatically reduces the reserved amount by the invoice value, ensuring the accuracy and consistency of budget data.
Advanced Reporting in AMODIT
AMODIT offers extensive reporting capabilities that support budget management and financial analysis within an organization. With flexible reporting features, you can tailor reports to your specific needs, gaining full control over budgetary and financial data.
Reports in AMODIT are fully customizable. You can adjust them to your preferences by selecting the appropriate data presentation method, filters, sorting, aggregations, or levels of detail. This provides complete freedom to create reports that meet your analytical requirements.
Already Have a Tool for Budget Planning and Want to Integrate It with AMODIT?
In AMODIT, you have complete flexibility in managing budgets – you can comprehensively plan them within the system or use it as a simple registry where data is imported from files or retrieved from external applications. If your organization needs a tool for advanced financial planning, AMODIT allows you to create and manage budgets from scratch. Alternatively, if your budget already exists in another system, AMODIT makes it easy to import or integrate, adapting to your current workflow.
Integration with External Systems
Connect AMODIT with your ERP, financial, or analytics platforms. Budget data can be automatically imported from existing solutions, ensuring seamless synchronization of information without the need for manual processing.
File Import
If your organization uses spreadsheets or other external data formats, AMODIT allows for easy budget import in formats such as XLSX, CSV, or XML. This is an ideal solution for companies that store financial data in files and want to quickly transition to a more advanced budget management system.
Schedule a free consultation
Contact one of our specialists for a free consultation. We will guide you step by step on how to effectively optimize budgeting in your company using AMODIT.
Optimise Key Areas
IN YOUR COMPANY
Finance
Automate financial workflows and reduce errors resulting from manual tasks.
Human Resources
Store all employee data in one place and simplify HR tasks through automation.
Legal
Optimize the work of your legal department – organize contracts and addenda in a single system, granting your team easy access to vital information.
Administration
Reduce delays, avoid errors, and eliminate lost documents by automating administrative workflows.
IT
Enhance project monitoring and management for your IT team with an efficient, automated system.