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Budget Management
What is Budget Automation, and how does it benefit organizations? What functionalities are available with Budget Automation? What criteria or rules can be configured to manage unused budgets? Is a custom allocation cycle or date allowed? What if the user exhausts the allotted budget before the next allocation? What is the Initial Allocation Date? What happens when there are overlapping rules? What happens if the rules are changed just before the allocation? Can the budget be revoked? Can carry-over policies be customized for different employee grades? Can the start date of an allocation cycle be customized based on organizational needs? Is it possible to create two different allocation cycles for the same country? Can reward budgets be adjusted mid-cycle if a team’s size or structure changes? If an employee switches reporting managers mid-cycle, does their budget allocation get transferred? Is it possible to set the allocation cycle other than predefined ones? What will happen if an employee leaves the company in between the allocation cycle? What will happen to its budget? Can we change the carryover budget percentage? Is it possible to set rules to allocate different amounts of budget to different grade groups? What will happen if a manager-level employee joins the company in mid of the allocation cycle? Will they be allocated a budget automatically? Can I allocate the budget to individuals? What is a Rule setting? How is it done?How to set up a budget allocation cycle?How do I allocate, deallocate, or bulk allocate the budget to different managerial accounts?Go Back
