What is Budget Utilization Reports?
Budget Utilization Reports provide detailed analytics comparing actual spend versus allocated budgets across departments, applications, or time periods.
Why it Matters
These reports enable organizations to assess how well budgets are being used, highlighting underutilization or overconsumption and supporting better financial planning and efficiency.
Benefits
- Tracks spend vs. allocation
- Highlights budget gaps and inefficiencies
- Drill-down by department or tool
- Informs reallocation strategies
