The Enterprise Budgeting 5.0 system provides unique capabilities including user interaction management to support and monitor the budgeting processes as well as to permit their ongoing redefinition at runtime. The system supports complex interactions between users in performing the budgeting tasks at hand.
The Enterprise Budgeting 5.0 system’s Business Process Management (BPM) capabilities include dynamic workflow design and corporate monitoring of workflow execution for the budgeting process of each budgeted business units. The system allows managers to analyze and change processes in response to data, rather than just by a hunch. With Enterprise Budgeting 5.0, the business can continuously improve the business processes.
In addition to the automation of the budgeting business processes, the Enterprise Budgeting 5.0 system’s capabilities extend to integrate user-driven budgeting lifecycles that are separate per budgeted business unit. These lifecycles with human interaction can occur in series or parallel. The steps in the budgeting process that require managerial involvement, intuition or judgment are assigned to the appropriate members of the organization (or external members).