Budgeting

You will receive a software solution that provides the tools you need to create and manage your budgets.

A major benefit to you is the choice of using our standard process, tailoring a solution to meet your needs, or integration with our partner’s Questica Budget suite.

Regardless of your choice of budgeting method, Questica Budget features provide the flexibility to distribute the budgeting and planning process to the decision makers responsible for those budgets.

Some of the other key benefits you will receive are as follows:

  • Powerful automatic computations, such as percentage change from last year’s actual or budget.
  • Optional budgeting by individual accounting period, including multiple automatic period spread computations.
  • Comprehensive capabilities to automatically allocate budgets to various organizational units, including step-down allocations.
  • Convenient attachment of budget commentary and supporting documentation.
  • Optional retention of prior or alternate versions of the budget.
  • Complete reporting on any or all budget versions in comparison with each other, actual, and the like.

In addition, the Questica Budget solution is web-based and utilizes a familiar spreadsheet-like grid; allowing users to begin work in the system with very little training. Questica Budget makes budgeting and forecasting preparation and reporting straightforward and fast; providing out-of-the-box  automated reports that can be easily tailored to meet individual users’ specific requirements.

Questica Budget is a comprehensive web-based, multi-user budgeting solution that includes five major modules:

  • Questica Budget Operating is a forecasting and operating budgeting module designed to streamline and shorten the operating budgeting cycle for public sector organizations.
  • Questica Budget Capital is a web-based Capital Improvement Planning (CIP) forecasting and capital budgeting module designed for municipalities and organizations of all sizes.
  • Questica Budget Salary and Position Planning module allows you to budget for positions, automatically calculate wages, benefits and associated labor costs, as well as model complex union and salary contracts, allocate more than one employee to a position, allocate a position across many cost centers and forecast labor and benefit costs automatically for multiple years.
  • Questica Budget Performance module set the standards using a system of programs, measures, and scorecards to track an unlimited number of budget and on-budget key performance indicators (KPIs).
  • Questica Budget Financial Statements allows users to configure and generate all three major financial statements, including Income Statements, Balance Sheets, and Cash Flow Statements.

Of course, you may have access to the Business Process Management and Knowledge Management tools available on all FMS products.