FinTrak Enterprise Budget Solution is a centralized Budget processing software that automates the present manual processing and approval of budgets for the various SBUs and cost centres in the Bank. The software will empower the bank centrally define, uphold and oversee budget policies through a policy definition and management module. With flexibilities to reject specific SBUs from specific restrictions while enabling SBUs freedom to set their own rates, margins, and so on if the bank's policy so allow.
Capital Expenditures (CAPEX) are captured by the respective units’ bank wide and approved by FINCON or as per Business Units.
The solution has capacity to automatically generate intuitive Income Statements activities and then Cash Flow Statements are built automatically off the Balance Sheet, all with perfect synchronization. In addition, FinTrak Enterprise Budget Planning and Processing Software comes with lots of pre-built reports that are obtainable across various levels in the bank