|Ariett Budget for ReqNet||On-Premise||Cloud|
|Budget Checking Real-time||✓||✓|
|Indication Lights at Line Item||✓||✓|
|Mouse Over of Calculated Availability||✓||✓|
|Roll of Up Budget by Category||✓||✓|
|Drill to Budget Details||✓||✓|
|Drill to Transaction from Budget Detail Window||✓||✓|
|Supports Budget for Full GL Segement||✓||✓|
|Budget Calculation by Percentage||✓|
|Calculation Includes Transactions Posted Directly to GL||✓|
|Automatic Over Budget Rerouting for Approval||✓|
For your budget conscious organization, the key to a brighter future is to have accurate, quick access to budget information that will improve your organization’s budgeting decisions. Ariett’s budgeting feature on ReqNet allows budget stakeholders at all stages of the procurement process to quickly view pending and finalized budget commitments, such as a requisition, purchase order, or invoice that have been applied to the budget. This feature on ReqNet ensures that your organization will never be in the dark about budget availability and expenses.
View Real-Time Calculated Availability of Budget
Information at your fingertips improves compliance and accountability, allowing you to quickly make informed decisions for your organization. A green light indicates a requisition is within budget and a red light indicates a requisition is outside of budget, but budget managers can approve red light requisitions at their discretion. Approvers can view calculated availability of budget and then drill to the details to review purchase orders, receipts, and pending requisitions committed to the budget. Managers can export details to Microsoft® Excel for further analysis in order to make informed purchasing decisions.
Make your Organization "Budget Aware"
Organizations in the Not-for-Profit, Healthcare, and Public sectors or organizations with large CAPEX projects often have unique or more complex budgeting requirements, such as multi-year budgeting, project budgets, and grant-based budgets. Ariett Procure to Pay offers unlimited budget templates and displays budgets stored in your ERP system, eliminating the need to duplicate your budget in multiple systems. Whether you budget at the full GL Account level or roll up budgets by department or cost center, budgeting on Ariett’s ReqNet® enhances budget awareness for all budget stakeholders, improving budgeting decisions across your organization.