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Taxilla Budgeting & Budget Management replaces fragmented Excel-based budget processes with collaborative top-down and bottom-up planning workflows - version control, approval governance, entity roll-up, and live actuals comparison from the Shared Ledger - producing an auditable budget every cycle.
Annual budgeting and rolling forecasting in Excel is painful at every stage - submission, consolidation, approval, and variance tracking. The problems multiply with every entity and every version.
Cost centre managers return budget templates via email - FP&A teams manually consolidate dozens of files with no version control, no submission tracking, and frequent duplicate submissions.
"Budget_v7_final_FINAL_approved.xlsx" - budget version management in shared drives creates confusion, merge errors, and the constant risk of working from a stale submission.
Between submission, consolidation, review, and revision cycles, annual budgets consume 2-3 months of finance team time - time that should be spent on analysis, not process management.
Budget approvals happen via email or verbal confirmation - there is no systematic record of who approved which version of the budget and when, creating governance risk.
Comparing budget submissions to period-end actuals requires manual reformatting - because the budget and actuals live in different systems with different structures.
When business conditions change mid-year and budgets need revision, managing re-submission, reconciliation to prior versions, and approval of the revised budget is done entirely manually.
Prior-period actuals from the Shared Ledger or ERP populate the starting budget - cost centre managers build from real numbers, not blank templates.
Cost centre managers enter budgets in guided templates within the platform - with access limited to their area of responsibility and real-time submission status visible to FP&A.
Entity budgets roll up to group level automatically - FP&A reviews consolidated budget, applies top-down guidance, and sends back for revision without manual re-aggregation.
Multi-level budget approvals - entity controller, FP&A, CFO - with configurable approval levels by budget dimension, with full approval history recorded.
Approved budget locked as baseline - actuals from the Shared Ledger flow in automatically, enabling real-time budget vs actual tracking from Day 1 of the period.
We will demonstrate collaborative budget submission, entity roll-up, approval governance, and live actuals tracking - using your planning dimensions and entity structure.
Group FP&A issues guidance from above; entity teams build from below - the platform manages the iteration between both directions until convergence and approval.
Pre-configured templates by cost centre, entity, and budget dimension - with data validation, commentary fields, and prior-period comparatives built in.
Every budget submission versioned with full change history - FP&A always works from the latest approved version, with prior versions accessible for audit and comparison.
Configurable approval levels by budget dimension, entity, and amount - with full approval history, escalation rules, and period locks on approved budgets.
When deployed with Financial Consolidation, approved budget compares to actuals from the Shared Ledger automatically - no manual export, no data reconciliation.
Real-time budget vs actual variance by entity, cost centre, and dimension - available from Day 1 of the period without manual assembly.
Collaborative submission, automated roll-up, and governed approvals compress a 3-month budget cycle to a matter of weeks.
Every submission versioned - FP&A always works from the current approved version, with full prior-version access for comparison and audit.
Every budget version, approval, and change documented - governance questions answered instantly without reconstructing email chains.
Actuals from the Shared Ledger update the budget vs actual view automatically - available the moment period actuals are posted.
Entity budgets roll up to group level automatically - group FP&A has a consolidated view without manual aggregation.
Budget templates configured and ready for the first live cycle within 4-6 weeks - with full Taxilla team support through the first budget cycle.
Budgeting & Budget Management works standalone or as part of the complete FP&A platform - connecting to Financial Forecasting, Shared Ledger, and Reporting & Analysis.
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