• Monitoring of budget execution at any time, by emphasizing Forecast vs. Actual;
• Planning / budget revision department / your company whenever necessary;
• Invoice split several cost elements to allocate amounts in one or more departments from within the company, according to the specific question the expenditure;
• Accounting vs Business more transparency, in terms of distribution of amounts budgeted and spent, so each department and each category of account;
• Document management within the department / company in a uniform manner;
• Functionality in several scenarios, according to the type of authorizing budget (one or several subordinate departments);
• Increased efficiency in the internal hierarchy, through the set of reports generated by the application;

Cost element: the small elements that we want to put in budget.
Budget is divided into cost elements, each of them is located on the 3 axes available in the application: BUSINESS AXIS , FINANCIAL AXIS and Department.
AXIS Business in turn is divided into three levels.
AXIS FINANCIAL positioning element is cost in terms of Accounting. This allows the comparison of values between LINE BUSINESS AND FINANCIAL, anytime.
Breakdown by department is useful if you manage part of the budget of another department, usually for cases support departments (more details in our scenario).

There are three main scenarios in which application Budget Watch can be used:

• manage the budget for my department, plan and budget pursue different projects;
• are a support department, my budget is divided between the needs of my department and departments that provide support, so I am forced to keep a strict record values for each department;
• in the company are several departments where application is implemented Budget Watch , and authorizing the General Manager can view all budget through View GM.

In this example, we have a company with the following departments: Sales, Marketing, Logistics and IT. Each department head is the budget officer. In the marketing department Budget Watch is used to manage its budget. The IT Department (Support Department) Budget Watch is used to effectively manage the department budget and outline budget for departments that provide support. General Manager is an overview of the budgetary execution of the four departments of the company.