eProcurement

Budget Management System

Streamline and manage your procurement budgets, and make informed decisions based on real-time budget data.

Explore more about Budget Management Application

The TechnoRishi eProcurement Budget Management System examines and keeps track of an organization's expenses and liabilities. Strong internal guidelines for planning and approval of procurement spend are necessary for managing a procurement budget. Our budget management system makes it possible to manage budgets effect... Read More

Improved Efficiency

The TechnoRishi Procurement Budget Management System aids in increasing the productivity oRead More

Centralized Database

With Our Procurement Budget Management Software, you can keep track of both your budget esRead More

Detailed Reports

The TR Budget Management System can provide you with useful metrics and insights to help yRead More

Insights and Analysis

Clear, easy-to-follow information in a dashboard for budget reports. Real-time insight andRead More

Accessibility

A budget can be created using a variety of elements, including departments, cost centers, Read More

Budget History

Any amount entered as an accounting voucher is immediately shown as a budgeting process. ORead More

Feature List

“The Procure Budget Management System from TechnoRishi enables you to monitor expenditures against budgets and automate adjustments depending on future events, including the issuance of POs and the receipt of invoices. In addition to assisting, you in improving your cash management, our Budget Management Solution also helps you establish and preserve financial control.”

Budget control

The TechnoRishi Procurement Budgetary Control System offers full budget management and monitoring capability, and it integrates smoothly with our whole Procure-to-Pay platform for procurement procedures, ordering, payment, and invoicing. Budgets may be tracked during both the ordering and invoicing processes, giving you real-time management.

Flexibility

Budgets can be easily created by inputting them directly into the TechnoRishi Budget Management Application or by importing a spreadsheet. You can effortlessly manage your budget using our Budget Management Tool. Multiple levels of budgeting allow for constant budget monitoring and year-long budget usage visualization.

Approval

With Our Enterprise Budgeting Software, budget managers may analyze a contract, purchase order, or invoice and see how it affects the budget. They can then determine whether to accept, reject, or approve it based on the current information. Once committed, it is automatically reserved, allowing the budget to be reduced by any approved orders, contracts, and invoices that are now in use as well as any payments that have already been made.

Alerts

The TR Budget Management System provides constant visibility into the remaining budget. When budgets are about to be exceeded, automatic alerts are sent out through the system to the respective managers.You can keep track of your budget overruns by sending notifications and preventing voucher generation.

Dashboards

TechnoRishi Budget Management System gives real-time budget information through simple dashboards and reports. Budget managers may regulate their spending and make sensible judgments based on reliable, accurate facts with this up-to-date information.

Budget Reporting

Our eProcurement Budgetary Control System consolidates all your budget data into a single platform designed exclusively for budget reporting. This provides you with a clear overview of costs and expenses at both the personal and organizational levels.

Customizable

Even if you have the abilities, it is doubtful that you will have the time to handle your company's accounting as a business owner. The TechnoRishi budget management system is customizable software that allows small, medium, and even large businesses to be in control of forecasts, profit, and loss reports, and so on.

Budgeting Strategy

In the TechnoRishi eProcurement Budget Management Solution, you may create budgets for specific users to keep their spending under control. Following that, you may compare their individual spending to the allocated amount to see if they are under budget. Allow Each department produces a plan, which is then combined to form the master budget.

Easy Access

TechnoRishi Procurement Budget Management Software eliminates all the paperwork and stores all records in the system digitally. As a result, it becomes easier when the accounts department wants to retrieve data on a particular supplier or transaction. Instead of going through all the files and documents, users can get the data instantly.

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