Most gaps in organizational budgeting exist in bridging traditional department budgets with project and operations execution. Critical questions revolve around where budgets are being spent and what type of justification is made for budget and funds requested.

EcoSys provides the workflow and structure for distributing funds through the organization and into programs, projects, and operations. The budgeting process is highly configurable to match the unique iterations, revisions, and required information that is part of your organization's budgeting process.

Accounting for detailed approval and request cycles, EcoSys FM can support the most stringent budgeting process needs:

• Manage the budget planning processes. Model your organizational budget cycle and manage your annual and out year budget planning processes. Budget by financial category and type of funding. Create multiple versions and revisions of budgets for the same financial year and plan multi-year budgets.
• Build top-down and bottom-up. Assign budgets top down to each department or have department managers submit budgets for approval. Easily build top down budgets by aggregating bottom up forecasts and requests.
• Allocate funding. Funding managers can fund programs, projects, assets, and ongoing operations from approved organizational budgets. Allocate funds from one or multiple sources.
• Utilize workflows for budget requests and approvals. Funding managers can view project budget requests submitted by project managers and decide how much of their budget to allocate to those projects. Once these funds have been allocated, project managers can easily see how much budget they've received from each funding source.
• Align budgets with corporate strategy. Distribute budgets by strategic priorities across multiple dimensions. Perform what-if analysis to compare various budgeting and allocation scenarios. Analyze bottom-up performance against multiple strategies.
• Integrate notes and justification to budget submissions. Add memos, notes, Excel like comments and any other supplementary information.
• Simplify and centralize with spreadsheets on the web. FM utilizes a user-friendly spreadsheet interface over the web. All budget information is managed in a secure central database; access to financial is tightly controlled at a granular level.
• Measure performance. Flexibly report on budgets using tabular and graphic reports. Compare top-down budgets to bottom-up forecasts and actuals. Monitor variances and trends.

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