ZBB Zero-based Budgeting
Reversing the process of traditional budgeting.
Use ZBB to reduce costs. Each department would be required to justify funding based on need and not on previous spending. Managers take responsibility to identify the cost to complete activities. By using standard budget blocks, manager proposals can be compared with historical patterns and similar situations. Use this information to identify best practices for implementation throughout the organization. Contact a ZBB expert at Great Budget to learn more
SOX Sarbanes-Oxley Act
Conforming to "the most broad-sweeping legislation" since the Securities Act of the 1930s.
This is a lower cost implementation for SOX 404. If and when your organization will be inspected, Great Budget with CRIMS can be indispensable. Great Budget Software is designed for transparency. Decision logic can be annotated directly in the budget and a change tracking system is implemented. This transparency in budgeting benefits members of the audit committee, the CEO and shareholders.
CRIMS Cost / Risk Identification and Management System
Meeting the challenge of the new legislation
European and the US government agencies have begun requiring that key project proposals include cost/ risk identification and management. Great Budget with CRIMS follows US government published methods for cost /risk identification. Great Budget is more advanced than other solutions because it includes a built in learning mechanism to improve analysis based on past performance. Contact a CRIMS expert at Great Budget to learn more.