Exploring the Basics of the Budget Feature

Objective

After completing this lesson, you will be able to explain the purpose and benefits of using the Budget feature.

Course Overview and Outline

This course provides an introduction to the Budget feature within SAP Concur solutions, offering an overview and emphasizing the key concepts, benefits, and essential terminology relevant to the Standard Edition. It also introduces the budget dashboards, guiding you on how to navigate and use them efficiently.

After completing this course, you will be able to:

Articulate the purpose and benefits of the Budget feature.
Define essential Budget-related terminology.
Examine the features of the budget dashboards.
Navigate and utilize budget dashboards efficiently.

Unit Overview

Now that we have reviewed the course overview and outline, let's begin with the first unit: Exploring the Basics of Budget.

This unit provides a foundational understanding of the Budget feature, helping you to grasp its purpose, benefits, and key terminology. You'll learn how Budget enables better financial planning, visibility, and control over spending.

After completing this unit, you will able to:

Understand what the Budget feature is.
Recognize the benefits of using the Budget feature.
Become familiar with common Budget-related terminology used.

Let's get started!

Basics of the Budget Feature

Enhance Your Financial Oversight with Budget

Budget is your essential tool for transforming company spend data into actionable insights. Seamlessly integrated with Concur Expense, Concur Request, and Concur Invoice, Budget offers a real-time, comprehensive view of your company's spending. Accessible through both the web platform and SAP Concur mobile app, Budget provides you with critical data access anytime, anywhere.

With Budget, achieve clarity and precision in financial planning through intuitive overviews and detailed dashboards. Stay informed with real-time notifications for quick responses to unexpected events. Ensure compliance with customizable approval workflows, user permissions, and audit rules.

Centralize your current spending data in one location and assess its impact before making approval decisions. By streamlining financial insights, Budget enhances your ability to make informed decisions, giving you greater control and effectiveness in managing company resources. Explore a world where financial strategy and capability come together with Budget.

Benefits of Using the Budget Feature

Validates invoices, purchase requests, expense reports, and authorization requests against a predefined budget.
Provides budget users full visibility before submitting invoices, purchase requests, expense reports, or authorization requests.
Gives approvers detailed insight into the budget during the approval process for invoices, purchase requests, expense reports, or authorization requests.
Provides budget owners clear insights into spending patterns.

With Budget, prioritize expenses to prevent overspending and make the most of every opportunity to utilize funds effectively.

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