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Budget Management

By fully integrating the functions of product costing  'What If' analysis and Resource planning SBM: Cost Management Solutions provide a dynamic budget management environment that significantly reduces the time taken to plan and maintain the budgets needed to monitor the performance of your business.

Budget management enables you to set up strategic cost and profit management procedures and move from the extrapolation of historical data to scenario based forward planning. You can create both departmental and product mix driven forecasts and using sales projections, forecast price changes and the planned availability of activities and resources, create rolling and fixed period projections of your company's financial requirements.

With SBM's Budget Management you can undertake sophisticated budget analyses that help improve your company's performance management by establishing a dynamic budget concept that is based on actual as well as anticipated volumes. Using SBM's Simulation components you can instantly evaluate the impact of changing any of the cost drivers used in your cost models, examine economic constraints and create accurate projections of your company's future performance.

 

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Last updated July 2006