AI-Powered Budgeting & Forecasting
Maximize efficiency, maintain real-time oversight, and stay ahead of financial risks. Our intelligent budgeting platform streamlines approvals, automates data collection, and leverages AI for accurate forecasting.
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Enhance your business processes and decision-making with our data-driven module
Finance Department
Our budgeting module streamlines the process of planning, forecasting, and reporting financial transactions. This reduces the time spent on manual data entry and improves financial decision-making.
Supply Chain Management
The budgeting module helps manage budget allocations for purchase orders, supplier contracts, and other supply chain-related tasks. This enhances process efficiency, reducing the risk of supply chain disruptions due to budget issues.
Marketing Department
Our budgeting module aids in the efficient allocation and tracking of marketing budgets. It helps in planning campaigns, monitoring expenses, and evaluating return on investment, thereby driving cost-effective marketing strategies.
Simplify Your Budgeting Process
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Define Budget Parameters
Establish your budget framework by setting up dimensions and dimension values.
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Initiate and Approve Budget
Create a budget document and navigate it through our streamlined approval workflow.
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Connect with Your Accounting
Seamlessly integrate Chili Task with your accounting system to fetch dimension details.
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Secure Transaction Posting
Post financial transactions securely to our database via your accounting system.
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Generate Financial Reports
Create detailed financial reports and maintain control over your budgeting process.
Key Features of Our Budgeting Solution
Budget Creation & Management
Create and modify budgets based on your business's needs. Adapt to changes easily with flexible budgeting tools.
Multi-dimensional Analysis
Build your budget based on various business dimensions, including departments, products, regions, and projects.
Integration with Accounting Software
Integrate with different accounting systems for data accuracy and simplified budgeting process.
Real-time Updates
Get real-time updates on budget changes across all integrated systems and platforms.
Approval Workflow
Define custom approval workflows for budgeting process, ensuring the right people are involved in budgeting decisions.
Scenario Planning & Forecasting
Create and analyze different financial scenarios to predict future outcomes and plan accordingly.
Secure Transaction Posting
Ensure financial transactions are posted securely to the database.
Reporting & Dashboards
Leverage powerful reporting capabilities and interactive dashboards for budget performance tracking and informed decision-making.
Budgeting Workflow in Three Phases
We organize your budgeting process into three stages: Preparation, Collection, and Analyzing. Follow these steps to make the most of our platform.
Preparation
1. Set Up Accounting Periods
Define and organize your accounting periods to form a solid timeline for budget planning, execution, and assessment.
2. Assign Periods to Reporting Period
Link each accounting period to the relevant reporting period to simplify budget reviews and ensure consistent financial oversight.
3. Set Up Analytics & Download Template
Create your list of analytics (dimensions, values, KPI metrics) and download an Excel template pre-filled with these analytics to efficiently prepare your budget plan offline.
Collection
4. Upload Completed Budget Plan
After filling out the Excel file, upload it to generate a budget plan document. The budget plan then moves through an approval workflow to ensure accuracy and accountability.
5. Start e-Approval Document
Initiate an electronic approval process within Chili Task. Collaborators can review, comment, and approve the plan in a structured and traceable manner.
6. Post-Approval & API Integration
Once approved, the budget plan is locked for changes. Use our APIs to collect transaction details—plan corrections, orders, payments, and analytics—from external systems.
7. Anomaly Detection & Remainder Checks
Our system monitors incoming documents and transactions, detecting anomalies or deviations in real-time. A separate service calculates the remaining budget for each analytic element.
Analyzing
8. AI-Driven Reporting & Forecasting
Access advanced, AI-powered reports that analyze plan, orders, and payments to deliver forecasts and recommendations—allowing you to adapt quickly and confidently.
Advanced Anomaly Detection
Identify irregularities or deviations in real-time, ensuring continuous oversight and swift resolution of financial discrepancies.
Real-time Monitoring
Our algorithms continuously monitor transactions and budget data to flag unusual spending patterns or suspicious entries.
Root Cause Analysis
Quickly trace anomalies back to their source. Drill down into the details, enabling rapid corrective actions.
Automated Alerts
Users and stakeholders receive prompt notifications when potential issues arise, maintaining transparency.
Document Distribution Between Systems
Seamlessly share and synchronize budget documents, approvals, and analytics across multiple platforms.
Multi-System Integration
Effortlessly connect your budgeting documents with ERP, CRM, or other specialized systems to maintain consistent and up-to-date financial data.
Automated Workflows
Distribute approved budget documents to relevant departments or applications automatically. Keep all stakeholders in sync without manual effort.
More In-Depth Solution Highlights
From multi-currency support to flexible role-based controls, our solution adapts to diverse business needs.
Multi-Currency Capabilities
Manage budgets across various currencies effortlessly. Convert, compare, and analyze financials in real-time, ensuring consistent global oversight.
Role-Based Access & Approvals
Assign tailored permissions to team members, ensuring each stakeholder has appropriate access to create, view, or approve budgets and transactions.
Modular & Scalable
Deploy only the features you need. Our scalable architecture grows with your organization, seamlessly integrating new functionalities over time.
Custom Reporting & BI Tools
Build custom dashboards or integrate with third-party business intelligence tools for deeper financial insights and performance tracking.
Historical Data Comparison
Compare current budgets with historical data to identify trends, gauge performance, and refine strategies for sustained growth.
Automated Compliance Checks
Ensure all budgeting activities meet regulatory standards. Our system flags non-compliance issues in real time, keeping your operations audit-ready.
