Exciting News!

Your domain has been successfully migrated to our new and improved budgeting feature!

Why the Change?

Our previous version of budgets (now called Legacy Budgets) had limitations in adaptability and required significant manual work from our users. We've listened to your feedback and are thrilled to introduce a more efficient and user-friendly budgeting tool.

What’s New?

With our latest version of budgets, you can:

Set Up Multiple Budgets: Create budgets for multiple Departments, Account Codes, or a combination of both.
Track Spending: Monitor spending within budgets on a monthly or quarterly basis.
Future Budgets: Input budgets for future date ranges without the need to create a new budget each time.
Source of Truth: Mark budgets as a source of truth if they roll up to the total organizational budget.

These improvements reduce the effort required to set up and manage both current and future budgeting information in Procurify, making your budgeting process more streamlined and efficient.

How does this improve your workflow?

You can now create, manage, and view your budgets to match how your organization tracks spend. You no longer need to create new budgets for different date ranges or close expired budgets.

New Budget Categories

Here's a glance at how budgets in Procurify look:

Our new budgets feature:

A drop-down list to toggle between previous, current, and future periods of the same budget.
A breakdown of ‘Committed’ spend across ‘Approved’, ‘Purchased’, ‘Received’ and ‘Billed’
A list of the departments and account codes associated with the budget and spend.
A list of viewers who can access this budget information in approvals and on their dashboard.

What will I find in my domain after migration?

All of your active budgets have been migrated and converted into new budgets.
Dashboard visibility settings have been enabled for new budgets.

Next steps:

Ensure your new budgets display the budget information you need.
- You'll find these in Settings → Manage Budgets
Learn about how to set up Budgets for your future budget needs.

For more information, please see all our articles on the new Budgets functionality.

If you have further questions, please don't hesitate to contact a Procurify Representative.