1 | © 2012 Jack Henry & Associates, Inc. All Rights Reserved 1 Master the Maze of Budgeting Season with Budget Manager Melanie Wimer Product Marketing Specialist ProfitStars Performance Solutions
1 | © 2012 Jack Henry & Associates, Inc. All Rights Reserved 1
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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27 | © 2012 Jack Henry & Associates, Inc. All Rights Reserved
Questions
Phone: 800.356.9099
Fax: 402.431.8822
Financial Performance Solutions:
Melanie Wimer
Product Marketing Specialist