Manage your spend with Budget Management

Overseeing spending and setting the proper guardrails is a critical, yet demanding task for account administrators.  The process of managing budgets across multiple buyers and teams can be time-consuming and challenging. 

That’s why HAQM Business created Budget Management. This simple, easy-to-use tool enables administrators to allocate funds to buyers and track spending. Administrators can create blanket purchase orders (PO) for a group and allocate funds to individual members of the group. Those buyers then purchase against the PO until their allocation or the budget for that group is gone. With Budget Management, you can set spend thresholds to get ahead of overspending and provide buyers transparency by making budget amounts visible to buyers so that they can make more informed decisions.
 

Flexible budgeting options to suit your needs

Budget Management allows you to structure your budgets to fit your business needs.

• Create recurring budgets: Set up regular budgets that automatically refresh to keep team spending aligned without manual intervention.
• Manage multiple budgets at once: Create and/or edit multiple budgets, allowing you to save time and seamlessly track spending.
• Set proactive budgets: Create proactive allocations to automatically assign funds to new team members as they join a group, saving time by eliminating manual tracking and assignment of funds.
   

Provide your organization with the necessary controls to prevent overspending and reduce operational friction. Administrators can easily allocate funds and provide visibility around spending to empower your teams to purchase confidently, all while saving you time.