Education: Commitment management
Updated: May 10, 2005
When you plan and account for future expenses, you help strengthen and preserve your financial integrity and reduce budgeting surprises.
Commitment management applications give you superior budget control and acute visibility into your organization’s expenses by pre-encumbering requisitions and providing account-level budget information to the people within your business who generate and authorize requisitions.
Microsoft and its certified development partners provide automated commitment management applications that can help organizations prevent overspending by forecasting future expenses and gaining a clearer picture of what lies ahead.
Benefits of automated commitment management
| • | Provides account-level budget knowledge to the people who generate and authorize requisitions |
| • | Helps reduce overspending, giving you necessary control of your budget |
| • | Offers flexibility without halting the purchase order process |
| • | Seamlessly adds committed purchases to any of your financial reports |
