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Typically, Finance only provides budgets to higher level management, whereas lower-level managers may receive an informal budget amount from their direct manager without a good way to track the spend of their teams against that budget. With the Team Budget feature, a manager at any level can quickly and easily create a team budget and track the spend in their team against an amount over time, while also eliminating dependency on budget admins.

For example, most of the operational budgets are non-discretionary whereas Travel and Expense (T&E) is one of the few discretionary costs under management control. Creating team budgets at all levels of management will allow companies to gain better visibility and control of T&E spend over time.

Budget owners can create and self-manage team budgets in the Budget Dashboard.

Business Purpose/Client Benefit: This feature enables lower-level managers to work more efficiently by being able to create and control their team budgets.

There are no planned changes this month.