Oracle Modern Best Practice—Budget to Approval

Timely, Informed Budget Decisions
Timely, Informed Budget Decisions

Budget to Approval

Produce timely reports that improve decision-making by leveraging the cloud, mobile, social, analytics, and big data. Improve budgeting accuracy with built-in time series regression techniques that enable you to analyze trends in historical data. Collaborate with your entire organization. Take advantage of the cloud for a secure platform to analyze actual results against planned budgets and easily share the approved budget with stakeholders anytime, anywhere—from any device.

Efficient, Data-Driven Processes

  • Secure social network interaction
  • Mobile analysis
  • Role-specific dashboards
  • Automatic review of budgets status and scenario analysis

Set Budget Strategy
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Set Budget Strategy

Seed the organizational budget with high-level targets, such as revenue, margin, and working capital.



Allocate Targets
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Allocate Targets

Assign budget targets across departments, organizations, or cost centers using data patterns or other allocation rules.


Determine Baseline Assumptions
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Determine Baseline Assumptions

Create bottom-up plans, set drivers, and account-based assumptions for budgets. Analyze any variance from allocated targets. Manage tasks using a centralized dashboard.



Validate Assumptions
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Validate Assumptions

Validate the accuracy of the plan(s) by analyzing trends in historical data using built-in time series regression techniques. Adjust assumptions, if needed.


Drive Consensus
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Drive Consensus

Securely collaborate on unit budgets and key plan assumptions across every level of your organization. Use what-if analysis as needed. Ensure that plans align with strategic goals.


Monitor and Consolidate
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Monitor and Consolidate

Automatically route approval requests based on preset rules and get notifications of unit budget status. Review and roll up submitted budgets to the next level.