Enterprise Budgeting

3.5 / 5
2 reviews

Average Ratings

2 Reviews

  • 3.5 / 5

  • 2 / 5
    Ease of Use

  • 2 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Deployment
    Cloud, SaaS, Web
  • Support

Vendor Details

  • TechnologyOne
  • Australia

About Enterprise Budgeting

An organization-wide solution with reporting tools, forward projections and budget models creation.

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Enterprise Budgeting Features

  • "What If" Scenarios
  • Asset Planning
  • Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • Forecasting
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Version Control

Enterprise Budgeting Reviews

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I have contributed to design (as a user), implemented and used the system at an Enterprise level

Jan 07, 2018

3 / 5
Ease of Use

4 / 5
Features & Functionality

3 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not

Pros: Can budget items or categories based on description - not account codes, aimed specifically at the end-user rather than accountants. Set-up allows for mapping back to account code and reporting by roll-up to parent hierarchy, division, activities, etc.

Uses same capabilities as all financials (AP, AR, GL, Billing, AM, etc.) where attributes of account components (up to 32 places) are definable and mapped between primary and sub ledgers including (then) addition of 20 user fields and 20 selection types (since expanded) per code segment.

Fully work-flowed enabled for budget approvals.

Budget working at a user level have a familiar spread-sheet 'look and feel'

Can be fully maintained by in-house user resources once configured.

Can be integrated to other (non-TechnologyOne) on-premise FMIS/ERP relatively easily.

Full forecasting and budget 'versioning' capable.

Powerful reporting options where coupled with native BI tools and financials (Act vs. Bud/Frcst).

Is available via cloud provisioning or in-house.

Fully integrated with TechnologyOne BI reporting, projects, all financials, CRM, etc. as a TechnologyOne ERP module.

Cons: 1. Requires use of TechnologyOne consultant to initially fully exploit the possibilities of the module due to some complexity in the configuration and set-up (dependent on use, organisational structure, modules in play, etc.).

2. Continually being updated to meet evolving related ERP modules so nuances change over time which may require some reconfiguration.

3. Can be expensive if purchased separately from initial general ERP capability

4. Integration to other (non-TechnologyOne) cloud-based FMIS/ERP can (not unusually) be complex

5. Customer support can require product specialists rather than general consultants from TechnologyOne where requests or requirements are not common.

Overall: Ability to forecast into five and ten year plans the expected revenue, expenditure and investment of the organisation based as a whole, by subsidiaries, by division, by business unit, activities, and by accounting segments.

The ability to push the responsibility for completing the budgets to managers was beneficial as it ensured accountability, coupled with the ability to lock down specific codes and activities due to their nature (e.g. distributed cost overheads). The ability to check in and out budget cycles and centrally manage these enhanced the ability to support and drive the budget and forecasting reporting cycles

It tightly integrated to the other ERP modules for all financial, project and other components enhancing the return on and use of native ERP BI tools

It coupled well with existing TechnologyOne ERP investments as it used the same database, platforms, logic processing, user accesses and authorities, user and organisation hierarchies, account code structures.

One of the lease user friendly finance packages around

Dec 05, 2016

1 / 5
Ease of Use

2 / 5
Features & Functionality

1 / 5
Customer Support

1 / 5
Value for Money

Comments: Too many clicks & not very user-friendly at all. I would not recommend this system to anyone. There are some useful parts but overall this system seems to have been created by an IT person, not a Finance person ie- the user.