FBA Software announces new release of Cloud Budgeting and Reporting

FBA Software, the cloud-based software development company has announced a new release of FBA Budgeting and Reporting.

"Budgeting and Reporting has long been a challenging, complex and often time-consuming activity for many businesses" says FBA Software lead developer Gerhard van den Heever. Managing the budgeting process in a multi-company, multi-branch multi-project and multicurrency environment is becoming a necessity for businesses of all sizes and FBA Budgeting and Reporting for the Sage ERP range delivers that.

With no duplication of effort, budgets are compiled, collated, managed and reported on in an online, real-time collaborative environment. Reporting on budgets by region, project or company makes the approval of budgets quicker, easier and accurate. Easy to navigate dashboards provide clear and immediate information from Sage ERP.

The system is easy to use allowing for rapid remote entry of budgets with actual and budget comparisons across previous fiscal sets and companies. Applied logic allows for the spreading of annual amounts, duplicate monthly amounts, and the copying previous year's actuals or budgets combined with percentage variance with relative ease.

"Powerful and straightforward reporting is key to releasing the value of system," states Van den Heever. "In the past drilling down to the transaction level across multiple departments was cumbersome and time consuming. Simple thinking applied logic has ensured reporting is no longer challenging or clumsy." FBA Budgeting and Reporting allows for rapid, accurate and efficient information extraction across multiple cost centres for regional or grouped reporting as well as the ability to drill down to GL transactions for any reporting year.

FBA Budgeting and Reporting now includes budgeting and reporting for PJC. This powerful new feature addresses the requirements of the construction industry and the complexities of budgeting and reporting across multiple projects which it has. The PJC module simplifies budgeting over many projects and allows for detailed budgeting and reporting within each project or across many from a single solution and point of entry.

Van den Heever concludes: "FBA Budgeting and Reporting will make budgeting considerably less hard work for any business, and FBA is perhaps the most cost-effective solution to achieve this."