Budget Development and Management

Datatel’s budget development and management solution supports your need to decentralize budget development activities and automate the budget submission process. We deliver a secure and fully integrated tool that provides your budget officers with the baseline budget developed by your administrative office, including tools that allow them to modify the base budget, create scenarios, and add important justification comments.  Budget officers use the tools to build a case for their final budget submission.  This solution provides budget administrators with the ability to distribute, review, modify, redistribute and ultimately approve and post within a secure and integrated environment.

Budget Development and Management Features:

Clearly define the budget preparation cycle

Set the stage for each budget preparation cycle by defining intermediate target completion dates, budget limits, and a baseline budget.

Create a comprehensive institution budget online 

Collaborate your budget efforts across your institution. Each budget officer has access to a set of easy-to-use online tools to create their portion of the overall budget, including a departmental worksheet and a scenario worksheet with justification comments -- allowing for more integrated collaboration among teams.

Budget for personnel-related expenditures

Our solution includes an integrated tool to support the development of the most significant component of your institutional financial plan – your personnel budget. Position-based budgets created in human resources can be combined with non-personnel budget data to create a complete institutional budget online. 

Set up intermediate status reports

Instant status reports can be prepared to view the budget status at any time. Each report can be selected, sorted, and totaled a variety of different ways, with a choice to include or exclude supporting narrative information – giving you the information you need, specifically how you want to see it.

Forecast future budget needs

Historical data with user-defined calculations or formulas can be used to forecast future budget requirements – enabling you to better anticipate needs and ensure alignment with your overall financial strategic direction.

Seamlessly update the general ledger

User-determined distribution methods allow you to transmit newly completed and approved budget totals to the general ledger. Colleague Finance provides for the inevitable budget adjustments to with eacy to use tools from the general ledger.