Master the Maze of Budgeting Season with Budget … budget manager...11 | © 2012 Jack Henry & Associates, Inc.All Rights Reserved Master the Maze of Budgeting Season with Budget Manager

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Master the Maze of Budgeting Season

with Budget Manager

Melanie Wimer

Product Marketing Specialist

ProfitStars Performance Solutions

2 | © 2012 Jack Henry & Associates, Inc. All Rights Reserved

The Issue

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The Issue

Version 1

Version 2

Version 3

Etc…

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Issues

• Spreadsheets are not collaborative

• Spreadsheets don’t support a complex budgeting process

• Data is not secure

• Participants in the budget process spend more time on

data management than on analysis and planning

• Data distribution is time-consuming and error-prone

• Analyzing trends and modeling structural changes is

difficult

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Issues (cont.)

• There are no audit trails

• Administrators are frustrated with managing multiple

versions of the budget – there is never just one set of the

facts

• Re-forecasting is difficult and infrequent

• Variance reporting is cumbersome

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The Solution

Hosted Budget Manager

Budget Manager is ProfitStars’ browser-based

distributed budgeting solution.

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Benefits of a hosted solution

• Eliminates hardware related costs

• Easier for users to access

• No need to schedule version upgrades at the financial

institution

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Export from PROFITstar to Budget Manager

How it works…

®

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How it works…

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How it works…

Log In to Budget Manager

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How it works…

Define Roles

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How it works…

Use Account Groups for those with the same (or similar) permissions

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How it works…

Fixed Asset Setup

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How it works…

Formula Setup (branch/cost center specific or global)

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How it works…

Budgeters use the built-in projection techniques to develop their fiscal budget.

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How it works…

Activity Log

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How it works…

Subledgers are used to model a greater level of detail and can be copied from other applications.

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How it works…

Once the Budgeters have completed their budget forecast, they submit their budget for review.

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How it works…

Review – flag accounts

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How it works…

The Budget Manager Reviewer and/or Administrator reviews each Budgeter’s forecast submission and either:

ACCEPTS the submission and

imports it into PROFITstar and the

consolidated budget

Rejects the submission,

sending it back to the budgeter

for further revisions

OR

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Import from Budget Manager to PROFITstar

How it works…

®

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How it works…

After approval, the budget is saved in PROFITstar

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How it works…

Reports

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Budget

Manager

Demo

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Next steps…

• Hosted Budget Manager is offered as a service.

• See the MicroSoft Azure Trust Center for details on the

hosted environment: http://www.windowsazure.com/en-

us/support/trust-center/

• For additional information and pricing, contact your Sales

Executive.

• For existing PROFITstar users, you can be up & running

on Budget Manager in just a matter of DAYS!

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Questions

Phone: 800.356.9099

Fax: 402.431.8822

Financial Performance Solutions:

Melanie Wimer

Product Marketing Specialist

mwimer@profitstars.com