Budget (SI)
The data model includes entities for Budget Posting, Actual Posting, Variance, and Variance %, enabling analysis of financial allocations, expenditures, and performance by comparing budgeted amounts with actual spending across departments, projects, and quarters. The model facilitates trend analysis, forecasting future budget needs, and identifying patterns for informed decision-making based on historical data and projections.
This data model is mainly used for the conversion from Sage Intelligence to Sage Enterprise Intelligence
Benefits of This Data Model
- Improved Financial Analysis: Enables detailed comparison of budgeted amounts with actual spending to identify variances and assess financial performance across departments, projects, and quarters.
- Enhanced Resource Allocation: Breaks down budget figures by department, providing insights to track spending patterns and optimize resource allocation effectively.
- Streamlined Forecasting: Facilitates predicting future budget needs and trends based on historical data and projections, supporting proactive decision-making.
- Comprehensive Trend Analysis: Shows historical budget data trends, allowing the identification of patterns for informed decision-making and strategic planning.
- Detailed Project Monitoring: Displays budget allocations specific to different projects, enabling efficient monitoring of project finances and performance.
Key Performance Indicators (KPIs)
- Budget Posting: The amount of budgeted funds that have been posted to the system.
- Actual Posting: The amount of actual funds that have been posted to the system.
- Variance: The numerical difference between the budgeted amount and the actual amount.
- Variance %: The percentage difference between the budgeted amount and the actual amount.
Available Visualizations
| View Name | Description |
|---|---|
| Budget | Provides an overview of financial allocations and expenditures for the organization. |
| Budget vs Actuals | Compares planned budget amounts against actual spending to analyze variances and performance. |
| Budget by Department | Breaks down budget figures by different departments to track spending and resource allocation. |
| Budget Forecast | Predicts future budget needs and trends based on historical data and projections. |
| Budget Trend Analysis | Shows historical budget data trends to identify patterns and make informed decisions. |
| Budget by Project | Displays budget allocations specific to different projects to monitor project finances. |
| Budget by Quarter | Organizes budget information by quarters for quarterly financial analysis and reporting. |