Manage Spending to Budgets in Real Time
Your window into spending enables true accountability
By incorporating budget planning data into ExpenseWatch.com, you are empowered with a real-time window into spending by company, business unit, department and general ledger account. This means that budget owners can see exactly where they stand against planned spending before commitments are made, enabling true accountability.
As a request to spend money is routed through the system, approving managers can review the real-time budget vs. actual report that resides at the bottom of the spending request, whether it is an expense report, purchase requisition or invoice. They can see right away how the request will impact both monthly and yearly budgets. This means decisions about spending can be made based upon real-time information without having to wait for post-period spending reports.
Budget vs. actual reporting
Budget vs. actual reports keep you up to date on expenses in real time, enabling you to adjust spending to prevent budget overruns. Whether you use all the ExpenseWatch.com modules or just one to control a specific area of spending, you can track spending as fiscal periods progress without having to wait for post period reports. BVA reports provide a comprehensive window into all of your spending—both approved and awaiting approval—enabling you to see the impact of outstanding expenses, purchase orders, requisitions and invoices.
