Advance Budget Control

Effective budget management is essential for highlighting financial implications, aligning operational and financial objectives, and ensuring plans are executed accurately. The process can be challenging as it requires managers to foresee, study trends, and formulate necessary strategies.

Naviworld Advance Budget Control package is integrated with Microsoft Dynamics 365 Business Central, which includes Encumbrance Accounting. This powerful budgeting tool helps highlight the financial implications of plans and defines the resources and conditions required to achieve these plans. The controlling function verifies if the results meet the predetermined objectives and reports any deviations and their causes. Organizations can avoid overspending by conducting real-time proactive monitoring and validating of budget usage across the entire procure-to-pay transaction lifecycle and streamlining the financial close process by carrying forward encumbrances.

Key Benefits:

• Enhanced Financial Management: By enforcing budget controls, organizations can prevent overspending and ensure that financial resources are used efficiently.
• Improved Decision-Making: Real-time data and detailed reports provide insights that help in making informed financial decisions.
• Accountability and Transparency: Workflow integration ensure that all budget-related activities are tracked and approved according to organizational policies

1. Budget Planning​

• Define Budget Structure​
• Define Budget Guidance (Budget Dimension Set)​
• Define Budget Plan for Service/ Inventory/ Fixed Asset with function import data from excel​
• Budget plan approval process​

2. Enhancement Functions​

3. Budget Revision & Control​

Supported Editions

This app supports the Essential and Premium editions of Dynamics 365 Business Central

Supported Countries

United States, Japan, Thailand, Singapore, Canada, Germany, South Africa, Vietnam

Supported Languages

Currently available in English and Vietnamese