The Budget feature allows for three different options:
Check Budget is designed to manage Capital Expenditure Budgets (CAPEX), Operational Expenditure Budgets (OPEX) and Sales Forecast/Expense Budgets.
The CAPEX budget can be split into multiple projects to:
A) Control purchasing &
B) Link orders to the budget
The OPEX budget is linked to Forecast and Revenue Planning to enhance the overall yield management strategy of the business. Essentially, it closely monitors expenditure.
The Sales Forecast/Expense budget is designed to track and monitor projected turnover.
Budget can then be utilised to project theoretical profit and loss.
Budget impacts upon procurement, becoming an integral part of the process.
Integration with purchasing operations allows for Budget to be up to date whilst making allowances for cancellations, variance between orders/deliveries and pending requests.
A sophisticated approval matrix can be configured to manage budget approval and allow for variations.
These variations can be applied individually or as a whole, by percentage or value.
Operational Budget can also be utilised as a Key Performance Index (KPI) on the dashboard display, allowing management to monitor business performance against forecasted budget.
Budget can be controlled from micro to macro level, (GL Accounts, Department, Section), and interfaced with existing budgeting software.
Check Equipment Scheduling System (EQS): manages your scheduling and procurement.
EQS is a scheduling and procurement module that provides the tools and resources necessary to enable effective management of FF&E and OS&E projects, from planning to procurement.
EQS operates within Check to maximise expenditure control and purchasing.
EQS projects are fully integrated with the CAPAX Budget.