Budget Management
Outline
Welcome
In this module, you will learn how to utilize the budget management feature to effectively manage and allocate budgets in Configured Commerce.
After completing this module, you should be able to,
- Navigate and modify the budget management settings
- Create, assign and manage budgets on the website
Why use Budget Management?
With budget management, you can efficiently track and control spending, ensuring funds are allocated effectively and within set limits. By using this feature, businesses can enhance their financial oversight, prevent overspending, and make informed decisions based on real-time budget data.
How do I benefit from Budget Management?
Here's how these features benefit different roles:
- Customer Service: Your customers may have internal budget management processes that they need to follow. Allowing your customers to self service by setting up their own budget processes frees you up to help with complex order issues and allows customers to customize their budget needs to fit your site.
- Researcher/Buyer: As a lead buyer for your organization, you may be in charge of keeping track of department spend and ensuring your buyers don't go over budget. Using a site with budget management built in allows you to customize a budget setup that meets your needs without having to keep track in a separate system or by calling a customer service representative.
Budget Management settings
Read the article below to learn about Budget Management settings in the Admin Console.
Manage a budget
Optimizely Configured Commerce allows website administrators to enforce budget management for their users. Budget management provides the customer the option to manage buyer spending, and enforce a...
Configure budgets
Read the article below to learn how to configure budgets on the storefront.
Set up a budget
This article explains the Budget Setup tab of the website's Budget Management page, and provides examples for how to set up various budget scenarios. The Budget Setup tab defines the enforcement le...
Assign and review budgets
Read the articles below to learn how to assign and review budgets respectively on the storefront.
Maintain a budget
This article addresses how to maintain a budget using the Budget Management tools found on the website/storefront. Select the Budget Maintenance tab to go to the Budget Maintenance page. Using th...
Review a budget
This article explains how to review budgets and view the variances from the current year to the previous year for the selected User or Ship To Address. Select the Budget Review tab. To review th...
Try it
It’s time to play in the Configured Commerce sandbox!
The following practice exercises take place in the Knowledge & Learning training site. Before jumping in, please log in to the Training site using the following credentials:
- Username: TrainingUser
- Password: Opticon1!#
After logging in, do the following:
- Set up a quarterly budget on the website
- Assign a user to your newly created budget
Wrap up
Congratulations! You have completed the Budget Management module. You should now be able to:
- Navigate and modify the budget management settings
- Create, assign and manage budgets on the website
Learn more
While we covered a lot, there's always more to learn about budget and how to work with it!
Check out the below link for an up-to-date collection of helpful guides and technical documentation.
Orders
