Budget Tracking

The ability to track spend against a travel budget has been around for some time in Travel Analytics.  However, the feature was virtually unknown to most users, due to the complexity of setting it up in the system.

Fortunately, the introduction of Report Hierarchy has simplified the set up, providing customers the opportunity to take advantage of this great feature.

To activate budget tracking, administrators only need to add a figure in the budget column against each cost centre when they are setting up or modifying the customers report hierarchy.

To view the results, users simply navigate to the cost centre dashboard and the data is displayed within the headlines.  It’s pretty easy to determine how budgets are tracking; if the spend is within budget, the amount is shown in black, and if it’s over, it displays in red.

Cost Centre dashboard displaying Budget data

Adjusting the dates on the dashboard, will display a prorated amount for that period.  And using the region and division filters, allows users to drill down to determine how different areas of the business are tracking against budget.