Saturday, January 18, 2014

BUDGET



Today technology has taken us with such great strides toward advancement… Information technology has brought everything that man envisaged into a reality. In this peak time Cybrosys Technologies introduces their new software Openmiracle!!!

I was really impressed with the Openmiracle; their keen interest in understanding how the business model was structured and working through the benefits and challenges of acquiring the solution.
I was very attracted to the Budget Module.

 




Budget & Budget variances  that are controllable or usually expenses. This can be eliminated without an immediate adverse impact on profits. It’s specified in Account Ledger & Account Group. When the budget has been prepared and the period has started, it is essential to monitor how close the actual income and expenditure is to that predicted. This allows those responsible for the budget to see the organization's financial situation on a regular basis. Any differences or variances need to be examined and are a basis for corrective action. 


The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget. Make sure the budget is realistic. If it includes too many rough estimates, it will not provide a proper tool for planning and control and there is a higher risk of over- or underestimates. It is a tool for checking on implementation, and an essential part of the financial report.…… 


Why Mid to large companies choose Openmiracle???
A strong budgeting  system improves accuracy for budgeting and long-term business development planning.


•Improved accuracy :  The tight deadlines and overtime hours associated with the budgeting cycle make it an error-prone process, but a single human error can have a massive impact on a company’s profitability. A good budgeting program eliminates most of the opportunities for calculation errors, increasing overall accuracy of the process.
•Faster & simpler :  Openmiracle  software contains high level functionality specifically dedicated to this purpose. This saves time on process creation (no need to create an Excel file), allows for data to be saved and reused year over year, and makes the budgets easier to manage and amend. Overall this can halve the amount of time spent on the budget cycle.


Report consistency:  These solutions connect employees across the enterprise, ensuring that the budgets have the same readable format no matter who prepares them.
           
•Better forecasting: Computer forecasting programs use complex algorithms that are designed to predict future expenses and sales based on past data. This makes for more accurate forecasts and long-term success.

Why are you waiting … get ready…. Being part of this miracle…Do something for World…..!!
www.openmiracle.com  


Get the full version today!!
Enjoy!!


Regards,
Sreeja .M.M