Oi Operational Budgeting: In Depth

Oi’s Operational Budgeting module comprises processes and features that help guarantee a positive experience for your budget managers and a successful budgeting year.

Instead of labor-intensive, spreadsheet-based processes, budgets are built using our Budget Wizard — the result is an easier, customized, manageable, and more accurate budget experience.  

This module’s advanced approval functionality prioritizes communication. Oi Operational Budgeting automatically notifies senior management when a department budget is ready for review and approval. Other features including multiple iterations, global updates, target setting, and an audit trail for every change ensure a seamless, time-saving process. Reporting is entirely in real time keeping management and finance consistently up to date and eliminating the need to burn staff time building custom reports.

Your teams can put an end to wasting needless amounts of time developing annual operating budgets. Oi Operational Budgeting prioritizes efficiency and the user experience, empowering your people to invest their time in more value-added activities.

Operational Budgeting is flexible, reduces cycle time, creates transparency, and supports accountability while fully integrating with financial, labor, and statistic data. This module also allows for highly detailed line-by-line analysis: Information is carried forward to future Financial Performance module years, improving variance analysis, data integrity, and overall synergy between clinical managers and finance teams. Implementation is simple and real-time reporting is just a few clicks away.

This module provides advanced features including iteration control and approval hierarchies with email notifications. You’ll have the flexibility to forecast using case-level data or choose from a variety of methods to create an initial forecast from historical financial, labor, and statistical data.