With COVID-19’s continued impact to businesses, most organizations have now turned to “crisis budgeting” where only essential spending is prioritized, and other areas of spending are reduced or placed on hold.
This budgeting mode can become incredibly challenging in terms of spending approvals and monitoring. Tools which enable transparent and efficient budget management become essential in controlling corporate spending.
Docukit Financial Tracker is a software application which allows you to accurately record and track the expenses and withdrawals from one or more bank accounts against a set budget. This enables you to proactively monitor and take action to prevent overspending. Similarly, all income and deposits are also recorded showing you the organization’s cash flow accurately.
Furthermore, all related documents to a specific expense or income record (receipts, purchase orders, invoices, tickets, etc.) may be attached for reference and future regulatory and audit requirements.
For more information about the Docukit Financial Tracker, please visit us at docukit.com or email us at marketing@docukit.com