Hasib budgeting software
In addition to assisting managers in evaluating performance and controlling resources and expenses in the organization, the budgeting process can also help in measuring the achievement of the organization’s strategies and set goals.
budget apparatus is a method for allocating resources in order to achieve goals, plans and results, so the three key elements of operational budgeting can be defined as measurable objectives and strategies in the organization, classification and definition of operational plans. and activities of the organization and determining the cost of the programs and activities of the organization.
Adjusting the budget using the “cost price” calculation method requires the establishment of a complete cost accounting system along with the organization’s financial accounting system. In this regard, HPBB’s performance-based operational budgeting software, in addition to preventing volume budgeting that is done as a percentage increase or decrease compared to previous years, makes it easier for the organization to achieve the above-mentioned goals.
All proposed solutions are shaped by analyzing cost behaviors, including fixed and variable, as well as direct and indirect costs. Additionally, there is the possibility of using methods such as PBB (Performance-Based Budgeting), ABB (Activity-Based Budgeting), and VBB (Value-Based Budgeting) for forecasting and budgeting.
Software features
- Using the ABB method in operational budgeting
- Providing the correct basis for making decisions regarding the allocation of organization resources
- Creating a clear connection between the budget and the goals and strategies of the organization
- Providing a basis for greater transparency of how the organization’s resources are used
- The possibility of focusing the decision-making process on the most important issues and challenges in the organization
- Creating context for managers to use continuous improvement techniques
- The possibility of measuring the effects of the organization’s activities and actions on the organization’s budget
- Determining measurable and expected results that can be achieved from a specific budget allocation
- Increasing the efficiency of cost management and saving costs
