What is BudgetPak by XLerant?

BudgetPak by XLerant is a leading cloud-based budgeting software tailored for small to mid-sized organizations seeking to streamline their budgeting, forecasting, and financial reporting processes. Developed by finance professionals, the platform eliminates the complexities of traditional spreadsheet-based budgeting, offering an intuitive, guided user experience that empowers both finance teams and department managers to confidently contribute to the budgeting workflow.

The solution integrates advanced budgeting controls with collaborative features to facilitate transparency, data accuracy, and strategic alignment across the enterprise. BudgetPak provides detailed modules for revenue, expense, and headcount planning, as well as predictive analytics for scenario modeling and what-if analysis. Real-time dashboards, workflow status management, comprehensive reporting, and Excel integration ensure that users can achieve accurate results and foster organizational engagement from start to finish.

Features

Guided Budgeting Workflow: Step-by-step budget creation with an intuitive user interface.
Collaboration Tools: Facilitates participation from both finance and non-finance staff.
Predictive Analytics: Scenario modeling and what-if analysis for long-term projections.
Comprehensive Planning: Modules for revenue, expense, headcount, and asset planning.
Advanced Reporting: Customizable reports, dashboards, and integration with Excel for dynamic analysis.
Workflow Status & Approvals: Visual workflow tracking, departmental locking, multi-level approval processes.
Security & Permissions: Multiple levels for data protection and access management.
Scalability: Supports multiple companies, currencies, charts of accounts, and unlimited versions or years of data.

Use Cases

Replacing manual Excel spreadsheets with automated budgeting software.
Engaging department heads and non-financial managers in organizational budgeting.
Performing accurate headcount, salary, and benefits planning for various expense scenarios.
Aligning budgets and forecasts with strategic business initiatives.
Conducting scenario modeling and what-if analysis to inform financial decisions.
Producing real-time, consolidated financial reports for leadership review.
Streamlining the approval process for departmental and enterprise-wide budgets.

FAQs

What types of organizations typically use BudgetPak?

BudgetPak is designed for small to mid-sized organizations in various sectors, including higher education, non-profits, clubs, and service organizations.
How long does implementation take?

Typical implementation for BudgetPak, including training and data loading, is completed within 6 to 8 weeks.
Is training provided for end users and administrators?

Yes, BudgetPak offers live video training for finance administrators and custom video training for end users as part of its implementation process.
What support options are available?

Support includes a self-service support desk, documentation, videos, live virtual support, and a US-based employee support team.