Put your budget management on easy mode!
Time to say goodbye to managing budgets on spreadsheets! With Peakflo’s budget management, your finance team can create track and manage budgets in real-time for all departments and subsidiaries and have full visibility over budgets with Peakflo budget reporting.
Trusted by 100+ Finance Teams
Peakflo’s budget management is a perfect fit for:
- Organizations managing their budgets on spreadsheets
- Organizations with limited visibility over their expenses and budget in real-time.
- Finance teams spending a lot of time on creating error-prone payables or budget spend reports
What you can achieve with Peakflo’s budget management:
210
man-hours per month saved on budget management and budget reporting
100%
transparency over budget status in real-time
Create budgets for any department & projects!
Easily assign the right budget to your purchase requests, purchase quotes, and bills. Then allow Peakflo to track all your budgets!
One time & recurring budgets
Define budgets based on recurring or one time spend
Give access to budget owners & members
Keep budget owners and budget members in the loop of the budgets assigned to them with the right access.
Assign unique approval policy for each budget
With Peakflo’s automated approvals, easily assign your budgets to a specific approval policy
Budget management is now a breeze!
Easily assign the right budget to your purchase requests, purchase quotes, and bills. Then allow Peakflo to track all your budgets!
Budget status visibility
At the time of budget assignment, have full visibility over budget remaining and budget exceeding the initial amount.
Track your budget in real-time!
No need to ask budget owners to manually enter expenses on error-prone spreadsheets! Allow Peakflo to show you all your company budgets and their status in real-time!
Budget overlimit flag
At a glance, understand which budgets have exceeded their limit
Assigned/unassigned budgets
Quickly check how much has been assigned to a specific budget and how much is left
Get a detailed report of each budget!
Check all of the bills and purchase orders assigned to the bill along with their details and status in real-time.
Monthly budget report
Look over the month over month budget report and check the overall expenses for each budget
Limit overused report
Track the spend, assigned, unassigned, and the limit of a specific budget for each department and activity.
Get notified instantly about budget status!
Budget owners will get email notifications once the budget limit exceeds 50%, 80%, 90%, and when the budget is finished or has exceeded the initial amount. The budget limit notification is also customizable based on your requirements.
Track your organization’s payables at a glance!
With the payables dashboard, monitor actions pending, wallet balance, and your company’s summary of spend.
Actions pending
Check all the pending bill creations, approvals,... from the actions pending section
Aging payables report
Track the aging payables of your customers in real-time
Request customized, real-time reports from Peakflo!
Is your team spending lots of time on creating last-minute error-prone reports? All you need to do is to let us know what report you need and Peakflo will create the report for you, hassle free!
Success Stories
NRI
Before Peakflo, vendors manually submitted invoices in hard copy to NRI’s client. The Procurement team had to check if the received supporting documents or invoices are correct. Then, The Accounting (AP) team would recheck the invoice and input the details already processed by the Procurement team. For new vendors, the Procurement team would input the invoice using a template, and the approvers would manually validate and verify the purchase order details. This entire process was time-consuming for the procurement and AP team.
Haisia
Before Peakflo, every department in Hai Sia had to submit reimbursements and bills for approval via email or hardcopy documents. Approvals is also very hard to track. With Peakflo WhatsApp OCR, Hai Sia team need to only take a picture of the bill and send it to WhatsApp, and the bill entry gets automated. On top of it, Hai Sia team can track approvals, payments and vendor communication seamlessly in one place.
Gazzda
Before Peakflo, Gazzda team had to manually send follow-up emails for 300 invoices per month. Gazzda team also had a hard time doing manual data entry for vendor invoices received by paper and track their status. With Peakflo, Gazzda can automate payment reminders. The scattered vendor invoice management became centralized and the vendor invoice processing has gotten much faster and easier.
Rey
Before Peakflo, manual bill approvals could take days and budget management could take a full month for the finance and other divisions in Rey. With Peakflo, Rey can now automate complex approval with the approval workflow. All bills and payments are assigned to a budget automatically and recorded in a structured manner, so the team wouldn’t spend so many hours doing budget recap.
Bharathi Homes
Peakflo’s customizable approval automation has been highly beneficial for our team, We’ve been able to save 200 man-hours per month. We have also automated manual tasks such as PO creation and 2-way matching and increased efficiency by 74%.
My Robin
Before Peakflo, the approvals were done using emails, and MyRobin’s finance team attempted to use Excel to track the approvals. Lack of approval workflow automation resulted in too much time being spent on manually chasing approvers and Excel did not provide any visibility over the audit trail for the team.
Vida
Peakflo approval workflows have been a great help for streamlining our purchase order and bill approvals. We’ve been able to save 20,254 man hours with Peakflo. We also no longer need to create reports manually and have saved 16 man hours by using Peakflo's out-of-the-box AP reports.
Construction Machinery
Before Peakflo, our client used Excel sheets and other tools for creating and managing their purchase orders and bills. The entire process was not centralized and the AP team had to spend many hours using different platforms for their invoice processing.
Connect your Accounting Software/ERP to Peakflo
Turbocharge your accounting software with Peakflo or import your data seamlessly.
Integrate and leverage the power of automation without affecting the way you work.
Get Started!Import your CSV/XLSX
Connect through Peakflo API/ SFTP
Put your budget management on easy mode!
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FAQ
- How does Peakflo budgeting work?
- How can I assign purchase requests, purchase quotes, and bills to budgets in Peakflo?
- How can I keep the stakeholders in the loop?
- Will I get notified about the status of each budget in Peakflo?
- How can I assign budgets to purchase requests?