Introduction to Power ON Budget Planner

Budget Planner enables you to efficiently manage your budget planning and financial planning process. The Budget Planner provides features to streamline budget creation, approval workflows, and reporting across different departments. You can maintain your organization's hierarchy by setting user roles and permissions. You can also grant users access based on their jobs and departments, including access to reports.

The audience of this document are both administrators and end users of the Budget Planner application.

Click here to watch a video that walks you through this tool.

The Budget Planner facilitates the financial planning and budgeting workflow and allows you to perform the following tasks depending on the permissions assigned to your user roles:

1. Budget Creation:
   • Users can create their budget proposals for specific departments.
2. Submission and Approval:
   • Contributors can submit the completed budget for approval.
   • Approvers review the proposal, ensuring compliance with organizational guidelines and strategic priorities.
   • Approved budgets move forward for inclusion in the official version.
3. Version Control:
   • Organizations can maintain a historical record of budget versions, and change them over time.
   • Users can compare different versions of the budget and understand how adjustments impact financial planning and create different versions of the budget planning.
4. Reporting and Analysis:
   • Viewers can view real-time budget data through customizable reports and dashboards.
   • Analyze spending patterns, identify variances, and make informed decisions.