Budget Planner
Hosho Digital’s Budget Planner System helps organizations streamline the budgeting process by enabling departments to plan, submit, review, and monitor their financial budgets centrally. It ensures better financial control, aligns departmental spending with corporate goals, improves forecasting accuracy, and supports real-time tracking of budget performance across the organization.
benefits
Simplifies vendor onboarding, qualification, and document collection.
Enhances collaboration and communication between vendors and internal teams.
Provides centralized storage for vendor contracts, certifications, and compliance documents.
Enables real-time tracking of vendor performance, delivery timelines, and service quality.
flow
1
Vendor Registration and Onboarding: Vendors submit applications, required documents, and compliance certifications through a self-service portal.
2
Vendor Review and Approval: Internal teams review submissions, verify compliance, conduct background checks if needed, and approve qualified vendors.
3
Contract and Compliance Management: Vendor agreements, insurance, and compliance documents are stored securely; alerts are set for renewals and expirations.
4
Performance Tracking and Communication: Procurement and project teams monitor vendor performance, share feedback, track SLAs, and collaborate on ongoing engagements.
5
Reporting and Risk Management: Management uses dashboards to monitor vendor performance, compliance status, risk exposure, and identify optimization opportunities.
audience
Procurement Teams
Vendor Management Officers
Legal and Compliance Teams
Technology
