Introducing the New Budgeting Module

This article covers the new Budgeting module in iplicit and how it differs from the legacy Budgets module. The new module is a separate module, not an update to Budgets, and is available on request. Both modules can run in parallel, so you don't need to switch immediately.

What the new Budgeting module does

The new Budgeting module is built to give finance teams control over spend at the point of commitment, and a clearer view of budgets across legal entities.

• Proactive spend control – when a Purchase Order (PO) is raised, iplicit validates it against the available budget and alerts you before the spend is confirmed
• Multi-entity budgeting – manage budgets across multiple legal entities with a unified group view alongside entity-level detail, without consolidating in spreadsheets
• Guided setup and maintenance – a wizard walks you through creating a budget step by step, with a clear audit trail for any revisions
• Reporting – view variances, percentages and actuals in a few clicks, and use the new Excel functions to pull live budget data into your spreadsheets.

How to have the new Budgeting module switched on

The new Budgeting module is switched on for your organisation on request. Contact our Support team or Customer Success to have it enabled.

Watch an overview of the new Budgeting module