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Budget Module

Here are a few of the many 'Features and Benefits' found in the OSL Budgeting Module:
  • Clearly Defined Processes: Programs are structured to provide separate Wage/Benefit Costing and Recording of Goods and Services and Revenues/Funding.
  • User Defined Four Part Cost Code: Four part Cost Code structure permits Divisional Budgets and Departmentalization as well as multiple Budget types. Capital and Operational can co-exist in the same set of files. Wage and benefits can be allocated to departments within divisions.
  • Negotiations: Multiple data paths permit the software to be used to create "What If?" scenarios during the Negotiations Process. E.g. "How does a 2% plus 2% split affect the overall budget?"
  • Short term and long term planning: Up to twelve (12) periods can be defined and computed. They could be monthly, yearly (so you can project 5 and 10 year plans) or even quarterly - the periods are user defined.
  • Wage and Benefits Accuracy: The software accurately computes wage costs and then recalculates the benefits associated to each individual in the organization thereby eliminating the guesswork from benefit forecasting.
  • Complex Payroll Forecasting: Up to five types of projected salary increases can be applied to all or specific classifications along with Private or Public Pensions, Dental, Medical, Life Insurance, Reclassifications and Transfers - all with the click of a button.
  • Detailed Goods and Services: Department Managers, Division Managers, and Processing Staff can record full, unlimited details enabling them to explain or justify an entry. The user can write a book or record a one-line summary; both styles are supported.
  • Paperless Budgets: Yes! It can be done. Use your LAN or single station computer to replace your pen and paper.
  • Accountability: The journal entry system encourages details, which encourages thought, which encourages justification, which encourages tighter budgets, which provides for better management of capital resources.
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