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Here
are a few of the many 'Features and Benefits' found in
the OSL Budgeting Module:
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Clearly Defined Processes: Programs
are structured to provide separate Wage/Benefit Costing
and Recording of Goods and Services and Revenues/Funding.
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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.
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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?"
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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.
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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.
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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.
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Paperless Budgets: Yes! It can be
done. Use your LAN or single station computer to replace
your pen and paper.
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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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