Master the Maze of Budgeting Season with Budget … budget manager...11 | © 2012 Jack Henry & Associates, Inc.All Rights Reserved Master the Maze of Budgeting Season with Budget Manager

1 | © 2012 Jack Henry & Associates, Inc. All Rights Reserved 1

Master the Maze of Budgeting Season

with Budget Manager

Melanie Wimer

Product Marketing Specialist

ProfitStars Performance Solutions

2 | © 2012 Jack Henry & Associates, Inc. All Rights Reserved

The Issue


The Issue

Version 1

Version 2

Version 3

Etc…


Issues

• Spreadsheets are not collaborative

• Spreadsheets don’t support a complex budgeting process

• Data is not secure

• Participants in the budget process spend more time on

data management than on analysis and planning

• Data distribution is time-consuming and error-prone

• Analyzing trends and modeling structural changes is

difficult


Issues (cont.)

• There are no audit trails

• Administrators are frustrated with managing multiple

versions of the budget – there is never just one set of the

facts

• Re-forecasting is difficult and infrequent

• Variance reporting is cumbersome


The Solution

Hosted Budget Manager

Budget Manager is ProfitStars’ browser-based

distributed budgeting solution.


Benefits of a hosted solution

• Eliminates hardware related costs

• Easier for users to access

• No need to schedule version upgrades at the financial

institution


Export from PROFITstar to Budget Manager

How it works…

®


How it works…


How it works…

Log In to Budget Manager


How it works…

Define Roles


How it works…

Use Account Groups for those with the same (or similar) permissions


How it works…

Fixed Asset Setup


How it works…

Formula Setup (branch/cost center specific or global)


How it works…

Budgeters use the built-in projection techniques to develop their fiscal budget.


How it works…

Activity Log


How it works…

Subledgers are used to model a greater level of detail and can be copied from other applications.


How it works…

Once the Budgeters have completed their budget forecast, they submit their budget for review.


How it works…

Review – flag accounts


How it works…

The Budget Manager Reviewer and/or Administrator reviews each Budgeter’s forecast submission and either:

ACCEPTS the submission and

imports it into PROFITstar and the

consolidated budget

Rejects the submission,

sending it back to the budgeter

for further revisions

OR


Import from Budget Manager to PROFITstar

How it works…

®


How it works…

After approval, the budget is saved in PROFITstar


How it works…

Reports


Budget

Manager

Demo


Next steps…

• Hosted Budget Manager is offered as a service.

• See the MicroSoft Azure Trust Center for details on the

hosted environment: http://www.windowsazure.com/en-

us/support/trust-center/

• For additional information and pricing, contact your Sales

Executive.

• For existing PROFITstar users, you can be up & running

on Budget Manager in just a matter of DAYS!

http://www.windowsazure.com/en-us/support/trust-center/







Questions

Phone: 800.356.9099

Fax: 402.431.8822

Financial Performance Solutions:

Melanie Wimer

Product Marketing Specialist

[email protected]

mailto:[email protected]

Documents

Master the Maze of Budgeting Season with Budget … budget manager...11 | © 2012 Jack Henry & Associates, Inc.All Rights Reserved Master the Maze of Budgeting Season with Budget Manager