Managing compensation merit budgets and/or bonus pools during the planning cycle is one of the most important tasks to Compensation Professionals. Using standard tools, your company’s Compensation resources can update budgets though SAP transactions. Until now, released budgets could only be refreshed through these manual efforts.

With Worklogix’s Automated Budget Reallocation tool, planned budget structures can be funded and released budget structures can be allocated dynamically based on your company’s specific business requirements. One geography or specific functional area within your enterprise, for example, may be funded at a different level than another. The budget reallocation tool dynamically updates your budget structures at a pre-determined frequency according to your own business requirements.

Logic is based on a configured table which facilitates the seamless refresh of budget data. All budget types – including those in merit dollars, bonus pools, or a stock allocation – are supported. “Bottom-up” budgeting is performed whereby each budget unit aggregates the monetary budget information of all employees within that budget unit. This information then is made available for managers during the compensation planning cycle on the SAP Portal. The tool leverages all standard SAP transactions and constructs and enhances your compensation processes by providing automation for budget structure refreshes.

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View screen shots of the budget reallocation tool. Through table configuration, standard SAP budget structures can be configured to refresh for selected employee populations based on key data elements, such as personnel area, personnel subarea, employee group, and employee subgroup.