Benefits and Potential Issues
A strong budgeting system improves accuracy for budgeting and business development planning.
Improved accuracy - A good budgeting program eliminates most of the opportunities for calculation errors, increasing overall accuracy of the process.
Faster and simpler - Saves time on process creation (no need to create an Excel file), allows for data to be saved and reused year over year
Report consistency - These solutions connect employees across the enterprise, ensuring that the budgets have the same readable format no matter who prepares them.
Point by Point Guide to Implement a Smooth Travel Request Workflow. Employee require an approval in order to travel on company expenditure. A travel request workflow is one of the most vital workflows for companies whose employees often need to travel for business.
Challenges of NOT using a travel request system The lack of a proper travel request workflow poses the following challenges: