You need to
Plan the company's financial performance
Automate the calculations related to credits and loans
Plan operational costs for the company divisions
Design a recruiting plan
Plan the salaries for medical representatives and office workers according to the compensation types & company roster
Automate the planning of tax liabilities
The solution enables setting normative criteria for payroll calculation by the employees' grades or in more detail by their exact positions. The using of normative criteria for payroll planning helps minimize the further labour costs of payroll calculation according to compensation types.
Automated planning of tax liabilities
Summary payroll budget figures are calculated automatically based on the existing reference data. The budget is calculated for each employee separately, based on the compensation type, the reference data on an employee compensation, and tax expenses.
Easy calculation of tax liabilities
The system enables automated calculation of property tax, added value tax, personal income tax, social tax, and other ones such as transport tax, land tax, ecology tax. The calculation of industry-specific taxes can also be customized.
Credit and loan planning
The planning of credits and loans starts with creating a credit agreement profile. The scheduling of each credit agreement fulfillment is done based on its profile. You need to input the plan of money lending and refund; then the solution automatically calculates the schedule of interest/commissions accrual and payments, the principal debt, the interest/commission debt, and the exchange rate difference in case the agreement was made in a foreign currency.
You will be able to set the allocation direction (i.e. which amounts to allocate to which cost centers) as well as the allocation rule (the bases to use for the allocation). The distribution of indirect costs on the summary budget level is done automatically based on the chosen route and allocation base.
4 budgeting techniques for pharmaceutical companies
Reduced costs of tax liabilities calculation, while the process is more precise and thorough
Automated scheduling of credit agreements fulfillment, with the possibility of manual adjustments
Easier process of expense planning
The possibility of tracking the actual number of employees and the staff turnover by financial months