Mind Budget

Logo Mind Budget enhances budget reliability with a structure that enables data entry with maximum accuracy. In addition, thanks to its Microsoft Excel-compatible architecture, fast data transfer from Excel becomes possible. Organizational charts, budget items, sub-budgets, budget dimensions and payment plans can easily be identified on a single screen in the system, enabling planned budgets to be quickly implemented. This provides savings in human resources as the time and effort spent during the budget preparation period are also significantly reduced.

The budgeting architecture used in the Logo Mind Budget solution allows for the flexible definition of applied parameters for every budget component. Adapting these parameters for future possible scenarios allows different budget models to be created quickly. Therefore, businesses are able to make budget calculations based on different possibilities. 

Employees are able to quickly become familiar with Logo Mind Budget, thanks to its design that responds to the work habits of businesses in different industries. Enabling fast data entry with its design that is similar to the cell and page structure of Microsoft Excel, this solution also provides ease of use with its innovative, scalable, IT-independent, and user-friendly structure that is open to joint collaborative work.

With Logo Mind Budget, budgeting can be based on the departments, organizations, and companies, and the items in each budget can be created based on the chart of accounts. Any sub-budget can be used by being reflected on multiple points within the overall budget architecture. This improves the consistency of the overall budget. The target and actual values in the budget can be monitored, and the percentage-based and numerical differences can be generated and compared with previous years. In addition, if you want to distribute budget items based on targets, various distribution options based on amounts, percentages, the amounts and rates of the previous year, or quarters can be used in Logo Mind Budget. 

Budgets prepared with Logo Mind Budget based on departments, organizations or functions can be consolidated in the system. This provides compatibility between sub-budgets, and enables the overall budget outlook of the business to be quickly identified. For example, the budget prepared for the marketing department is consolidated with the general budget, and then, the budgets in the subdivision can be easily accessed via the same screen. In addition, financial reports such as the cash flow report, income statement and balance sheet can be generated in Logo Mind Budget and budget analyses can be easily performed by means of pivot tables, advanced graphics and standard reports. Integrated with Logo Mind Budget, Logo Mind Insight business analytics solution offers users an easy-to-read and highly interactive screens by retrieving information from its source.

Logo Mind Budget offers a functional note-taking feature so that users don’t feel lost in detailed budget items and they can inform other users. Descriptive notes added in the budget increase the reliability of the budget by strengthening communication and information sharing among employees, while facilitating the budget follow-up.

The budget preparation process is team work. With its detailed authorization feature, Logo Mind Budget enables all grades of roles to see screens that match their respective levels of authority. This makes job descriptions easier and the system becomes more secure and effective with advanced features such as scheduled tasks and budget locking. 

Logo Mind Budget allows budgeting for the planned new period by copying the previous year’s budget.

Logo Mind Budget stands out as a budgeting solution preferred by businesses that operate on a global scale with multiple currencies and companies, and goals for further growth. Companies operating in the global markets or those which foreign investors are interested in, are able to prepare financial reports that comply with global criteria with Logo Mind Budget.