Today
technology has taken us with such great strides toward advancement…
Information technology has brought everything that man envisaged into
a reality. In this peak time Cybrosys Technologies introduces their
new software Openmiracle!!!
I was
really impressed with the Openmiracle; their keen interest in
understanding how the business model was structured and working
through the benefits and challenges of acquiring the solution.
I was
very attracted to the Budget Module.
Budget
& Budget variances that are controllable or usually
expenses. This can be eliminated without an immediate adverse impact
on profits. It’s specified in Account Ledger & Account Group.
When the budget has been prepared and the period has started, it is
essential to monitor how close the actual income and expenditure is
to that predicted. This allows those responsible for the budget to
see the organization's financial situation on a regular basis. Any
differences or variances need to be examined and are a basis for
corrective action.
The
budget variance is favorable when the actual revenue is higher than
the budget or when the actual expense is less than the budget. Make
sure the budget is realistic. If it includes too many rough
estimates, it will not provide a proper tool for planning and control
and there is a higher risk of over- or underestimates. It is a tool
for checking on implementation, and an essential part of the
financial report.……
Why
Mid to large companies choose Openmiracle???
A
strong budgeting system improves accuracy for budgeting and
long-term business development planning.
•Improved
accuracy : The tight deadlines and overtime hours associated
with the budgeting cycle make it an error-prone process, but a single
human error can have a massive impact on a company’s profitability.
A good budgeting program eliminates most of the opportunities for
calculation errors, increasing overall accuracy of the process.
•Faster
& simpler : Openmiracle software contains high level
functionality specifically dedicated to this purpose. This saves time
on process creation (no need to create an Excel file), allows for
data to be saved and reused year over year, and makes the budgets
easier to manage and amend. Overall this can halve the amount of time
spent on the budget cycle.
•Report
consistency: These solutions connect employees across the
enterprise, ensuring that the budgets have the same readable format
no matter who prepares them.
•Better
forecasting: Computer forecasting programs use complex algorithms
that are designed to predict future expenses and sales based on past
data. This makes for more accurate forecasts and long-term success.
Why
are you waiting … get ready…. Being part of this miracle…Do
something for World…..!!
www.openmiracle.com
Get
the full version today!!
Enjoy!!
Regards,
Sreeja
.M.M
