MONETT, Mo. (5/11/12)--ProfitStars, a division of Jack Henry & Associates Inc., has introduced a browser-based budgeting tool designed to help financial institutions gain greater control of the budgeting process by receiving continuous accountability and buy-in from throughout the organization.
ProfitStars' Budget Manager helps improve business workflow as budgets are submitted and assessed within approval hierarchies. Financial institution budget administrators can obtain input from all levels of the organization, minimizing delays with consent review chains and enhancing overall process visibility. With continuous input from branch and department managers, results can be shared throughout the budget year.
Designed with front-line budgeters in mind, Budget Manager provides the ability to drill down to subledger calculations for items such as salaries and fixed assets. Project tools can forecast financial targets and budget assumptions can be documented by line item.
Budget Manager also offers graphical functionality for comparing historical balances with forecasted ones, automates edit logs, supports unique account and subledger formulas, and incorporates data from other applications.