HR MANAGEMENT

Payroll
Staff Scheduling
Staff Budgeting
Human Resources

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ORMED MIS™

Human Resources Management

Staff Budgeting

In an environment where staffing can represent a significant – in some cases, the single largest – operating expense, accurate forecasting is critical to the organization’s financial well-being. Budget outlay estimates are increasingly important components of all other planning and operational activities, including cash flow management in particular and tightly controlled cost management overall.

Managers need to be able to predict costs in a timely and accurate fashion, as their ability to make key program and departmental decisions for the future relies heavily on the budgeting process.

Drawing on integrated data already contained within the Human Resources Management system, Ormed Staff Budgeting dramatically reduces budget preparation time and budget variances.

Staff Budgeting produces budgets with a high level of accuracy and allows your finance department to run multiple detailed budget scenarios in a short timespan and post them directly to the Ormed General Ledger, further increasing efficiency.

With Ormed Staff Budgeting you can:

• Create detailed position budgets
• Perform payroll calculations for an entire fiscal year in minutes
• Provide an unparalleled level of accuracy in payroll position variance reporting
• Easily generate regular and ad hoc reports in seconds
• Post budgets directly to the Ormed General Ledger
• Eliminate redundant data entry and manual budgeting and analysis tasks

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One thing I love about the system is that the tools are so neat and easy. All the tables are shared and the integration among the products couldn't be better.

Susan Yurkiw,
MIS Manager

Seamless connectivity from Ormed Staff Budgeting to the Ormed GL reduces delays and increases efficiency.