Budget And Advances
Keep your spends in check by allocating budgets in advance
Define smart budgets and release advances based on projections and past insights.
Better Budgeting For Your Business
Avoid Overspending
Approval In One Go
Tracking From Single Dashboard
How To Get Started with EnKash Budget and Advances
01
Log in and Add Details
Log in and add details like advance name, amount, and date.
02
Submit Categories
Select a category or category groups to submit multiple categories.
03
Budget Alignment
The policy created will check whether the advance is aligned with the budget submitted.
Unlock Savings on Every Mile
Define Budgets
Enterprises can create their budgets as per their expenses and allocate them as per their business finances and goals during specific periods.
Allocate To Specific Users
Budgets can be created for specific users to keep spending in check. Individual spending can be tracked and compared with a defined budget ensuring your financial plans are not disturbed.
Spending Aligned With Budgets
Easily check whether the spending is aligned with the defined budget from the dashboard.
Auto-fill Budgets
Enter the budget amount for each category. Enter it initially for the first period and then auto-fill the values for other periods. Fill in fixed values, and adjust the amount by percentage.
Redefine Budgeting For Your Business
Ace business expenses with innovative solutions
Frequently Asked Questions (FAQs)
Have more questions?
01. What is budget management?
Budget management involves overseeing an organization's revenues and expenditures. It includes analyzing spends, managing purchases, and tracking cash flow to allocate and control financial resources for specific goals.
02. Why is budget management essential for my business?
Budget management is crucial for any business. It ensures that there's always sufficient cash to meet both short-term and long-term goals, allowing the business to adapt swiftly to changing circumstances. Moreover, it guarantees resource availability, fosters financial stability, and enhances financial health.
03. What does automating budget management entail?
Automating budget management in OfEx involves leveraging technology to streamline financial planning, syncing policies for different departments and projects, and tracking processes. It simplifies data entry, enhances accuracy, and provides real-time expense insights.
04. What is the need to automate budget management?
The demand for automating budget management arises from the need to improve efficiency and accuracy in financial processes. Automation reduces manual errors and saves time, making budget management more reliable.
05. How does budget management impact cash flow management?
OfEx empowers each department to allocate annual project budgets, fostering effective budget management for impactful cash flow control. With customizable budgets, real-time expense tracking, and streamlined advance and claim management, OfEx easily optimizes your financial strategy.
06. How do you monitor spending against the budget?
Tracking expenditures against the budget involves consistently reviewing policies and financial statements and comparing actual expenses with budgeted amounts. With OfEx, you can promptly identify discrepancies, policy deviations, overspending, and areas where resources need reallocation, ensuring a healthy financial balance.
