May 8, 2017

Budget Monitoring Expenditures (BEM)

Smart Processes has build a transparent and effective solution for budgetary allocation & control over expenditure.

The system can help increase your company efficiency and productivity by providing a business management solution that fits your needs.

The application aims at enforcing financial discipline to create effective Management Information System & to develop a decision support system for monitoring the day to day financial position.  It is a tool for exercising control over expenditure on day to day basis so as to keep the expenditure within the prescribed norms/limit. 

Benefits of an Budget Monitoring Expenditures helps greatly in management of grants, funds, commitment and budget;

  • Creates transparent processes across the organisation/company
  • Modernises back-end administrative processes through rule-based workflows
  • Offers secure back-end tracking, processing and reporting of donations for audit and regulatory purposes
  • Improves decision making with quick, real-time financial information
  • Reduces data redundancy for more effective programs
  • Minimizes errors by automating processes