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Human capital is a vital resource for any organization. To plan and allocate resources effectively, enterprises need to forecast their labor costs accurately and efficiently. This involves considering various factors, such as employee management, welfare policies, compensation plans, budget adjustments, budget tracking, data analysis, and more.
The Budget Management module helps enterprises to predict and monitor their future labor costs. It allows users to create different scenarios and assumptions, and automatically integrates with the historical and relevant data from the Employee Information Management module and the Payroll Module of HRMS. It then performs fast calculations and exports the budget results using Excel templates. Furthermore, it can update and track the budget data after the budget is approved, to meet various budgeting management needs in all aspects.
| • | Yearly Budget Configuration. Adjust budget for various years as needed. |
| • | Position Parameter Configuration. Manage different parameters for each position and apply them to different budget items for calculation and adjustment. |
| • | Corporate Budget Item Configuration. Establish a consistent corporate budget item that can provide a unified corporate budget report based on flexible configuration of different payroll systems. |
| • | Welfare Policy Projection. Anticipate changes in regional welfare policies and support different welfare policy projections for different payroll systems in the same region to accommodate diverse management needs. |
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