The Budgets module provides all the necessary features to generate the payroll budgets, as well as various benchmarking reports.
- Reduces the time assigned to routine tasks - Provides useful real time information for the creation, comparison and assessment of the HR budget execution.
- Reduces the operational costs - The module eliminates the involvement of many people in collecting the information and creating updated reports and statements, thus eliminating redundant and manual work.
- Ensures a complete budget control - The solution provides a full picture of the financial and operational activies by managing budgets at headquarters.
- Enables the configuration of budget items - taxes, headcount, salary raises, special clauses etc.;
- Ensures budgets at employee level - ensures budgets on each HC, cost center, company, brand, location for each month of the budget year;
- Provides a complete set of specific reports:
- Budget year (headcount, CC, title, taxes, premiums, monthly base salary, total employee cost, location);
- Annual report for budget item variations (headcount, salaries, bonuses, exchange rate);
- Next year budget vs. previous year budget;
- Current year budget vs. current expenses;
- Next year budget vs. current expenses.