Budget Management allows you to allocate funds, track actual expenses against those allocations, and make strategic adjustments based on real-time insights.
About Budget & Purchase Management
Budget Management in iFaziG empowers organizations to plan, track, and control facility-related expenditures with precision. It enables centralized visibility into budget allocations, real-time spend tracking, and variance analysis across maintenance, procurement, and operational activities. This module is critical for financial transparency and strategic resource allocation.
Awesome Features
01 Annual & Project-based Budget Planning
Set yearly budgets for departments, projects, or properties. Define cost heads such as maintenance, manpower, utility, equipment, and service contracts, with configurable approval workflows.
02 Real-time Expense Tracking
Capture all expenses linked to service tickets, procurement, AMC renewals, or vendor invoices. Every financial transaction is mapped to the corresponding budget head for real-time tracking.
03 Budget Utilization Dashboard
Visual dashboards display allocated vs. consumed budgets, category-wise spending, pending liabilities, and balance forecasts—enabling data-driven financial decisions
04Approval Workflow & Notifications
DInitiate budget requests and revisions through a multi-level approval process. Stakeholders receive real-time alerts for over-budget requests, budget exhaustion, or pending approvals.
05 Integration with Procurement & Maintenance
Expenses related to asset repairs, service calls, and inventory usage are auto-synced with the budget module, ensuring every spend is accounted for.
06 Variance & Forecasting Reports
Compare actual spend against planned budgets with variance percentage and trend forecasting to proactively manage deficits or reallocation needs.
How it works
Define
Budget
Create budget plans by cost center, property, or project with detailed categories.
Track
Expenses
Capture and categorize every expense in sync with maintenance and procurement modules.
Monitor
Utilization
Use dashboards to monitor ongoing spending and remaining budget at any point.
Review &
Adjust
Generate reports, analyze variances, and revise budgets with approval flows.
Download our App
Download the Purchase Management App now from the Google Play Store on your Android Device
