- Using the standard Inquiry Suite functionality and formatting, build budget templates that show actual vs. forecast vs. budget, year vs. year.
- Create additional ledger types to collect and review forecast/budget data via the budget templates.
- Build detailed work flow to ensure that budgets are submitted.
- Link the templates to Excel worksheets for detailed calculations.
- Consolidate and inquire on the budget as it is being compiled in real time.
- Post the finalized budget back into any of the JD Edwards ledger types.
- Use Really Real Time ® Inquiry Suite for all online inquires for Actual vs Budget analysis.
Budgeting and Forecasting
Budgeting and Forecasting Module
With the flexibility of unlimited ledger types in JD Edwards, budget and project forecasting information can be stored in the secure ERP system in many different ways. For example, it can be stored as: Phase 1,2,3,4, etc, Original Budget, Revised Budget, Fixed Budget, Completion to Date... Is your budget/forecast process an exercise in spreadsheet wizardry? Do your budget holders or project managers claim that the resulting budget/forecast was not the one they approved? The challenge is that there is no way of controlling the budgeting cycle or easily managing the detailed budget data. The JD Edwards budget ledger types are records without workflow. Until now.
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