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- Budgeting & Forecasting
- Who it's for
- Manufacturing finance
Manufacturing finance
Plan operating costs and commitments with an explicit financial basis. Budgeting and forecasting software gives Finance a consistent way to retain the inputs, decisions and reporting basis behind the plan.
How Budgeting & Forecasting is set up for you
Cost drivers and assumptions
Connect workforce, facilities and sales assumptions to the selected budget version.
Committed and actual costs
Mirror remaining purchasing obligations under stable source-line identities. Reconcile the commitment remainder as costs become ledger actuals so the same purchase is not counted twice. Budget planning consumes those sources; procurement and accounting continue to own their approvals, receipts and postings.
Controlled changes to the plan
Record a proposed budget transfer, route its required Director or CFO decision and apply balanced deltas while retaining the locked baseline. Compare the resulting availability using an explicit cutoff. For a structural change, create a reviewed reforecast version instead of replacing earlier budget amounts.
Pilot one plant cost center, a purchase split across accounts and a transfer above the approval threshold. Reconcile the source purchase allocation, recognized cost and remaining obligation. Confirm that a budget alert does not falsely claim to block a purchase in an unconnected procurement system.
Features to start with
Roles on the team
- CFO
- Owns Targets, signs off the final budget version, reviews and approves board packs. The named approver at the top of the budget-approval chain.
- FP&A Director
- Designs each budget cycle, manages Versions through the cycle, runs Scenarios, owns the rolling forecasts, builds board packs. The day-to-day owner of the planning workbench.
- FP&A Analyst
- Operational role. Loads Actuals, runs and reviews variance analyses, prepares flux comments, supports Cost-Center Heads through the submission cycle, drafts board packs for Director review.
- Cost-Center Head
- Department / cost-center owner. Submits own Entity’s budget lines (Type: Budget) during the cycle, defends Variance each month with flux comments, requests budget transfers.
Set up Budgeting & Forecasting your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.