Inhouse product
The Budget Control solution allows you to create and manage budgets for all your purchasing processes in SAP Business ByDesign. This will allow an organization to plan the expenditure by year, month and quarter, and monitor the availability of the funds for a project or operations.
This solution allows an organization to create expenditure plans by company, cost center, or directly by General Ledger accounts. It can optionally include an approval process to stay compliant and help with the audit process.
This solution is tightly coupled with the procurement process. It will allow the purchasing process to continue only when there are sufficient funds available for purchase.
The solution allows and monitors pre-encumbrance funds and encumbrance funds w.r.t. each budget category for a finite time period. This allows an organization to estimate and plan the expenses on the horizon.