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Budgets often involve inputs and adjustments from multiple contributors.

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Ability to easily track and report on changes throughout the whole budgeting process provides our customers with valuable insights by leveraging a wide area of CCH Tagetik data traceability and audit capabilities.

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In the short video, I will cover just a few examples. Let's take planning for operating expenses.

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As the department owner for that counting cost center, I'm going to enter my budgeted expense for cafeteria within each month at the GL account level, 

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using a dedicated CCH Tagetik data entry tab. And once I click on the save button,

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my contribution is going to be saved and tagged with a specific category.

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Now I'm going to fast forward into the review and adjustment phase of the budget process and switch hats to an executive user, Rob,

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who will now be taking a look at all of FP&As operating expenses, which also include their accounting cost center. As you can see my situation has changed,

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and now my expenses are outside of threshold, at which point I need to start making some adjustments. I always find it useful to take a look at prior years'

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actuals vs budgeted numbers and in this case I can see that there's quite a discrepancy. So I'm going to go ahead and adjust my annual budget for cafeteria

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expenses, leveraging CCH Tagetik's spreading functionality, and bump this down to 8,000 for the year proportionally. At which point, when I go to save,

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the changes I made with Rob user are going to be tracked with a separate executive adjustment

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category and easily tracked through CCH Tagetik analysis capabilities,

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where, in an operational slice and dice grid, I can perform my ad hoc analysis. Of course I can also perform my investigation leveraging CCH Tagetik's alternative Excel front end, where I can easily pull up a live quarterly report, breaking out cafeteria expenses

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by cost centers and various adjustments. And if I want to know exactly who made that adjustment, I can simply double-click

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and drill down into the audit trail where I can reveal exactly who made the adjustment, and when.