Budget "bucket" per organization creation and management

[HermannAl]

Hello,

with all the changes I'm a bit lost.

Where is the place to create and manage budget "buckets" per organization and get all related (via a budget ID) demands and project budget tasks allocated to compare planned total annual budget vs. current spend.

[Vinay3]

Hi @Hermann ,

That would be the new 'Portfolio financials' capability in the Strategic Planning Workspace. You would be able to create a portfolio plan for an organization for the required period, create a scenario and set your annual budget as the target, enter the budget to all related demands and projects with the amount same or different from the forecast and approve the scenario. The budget then gets approved to the individual demands and projects.

Then monitor the current forecast or actuals against the approved budget using the 'Financials' tab of the portfolio plan.

You can find more info about it in the following articles:

https://www.servicenow.com/community/spm-articles/announcing-scenario-planning-with-financials-in-st...

https://www.servicenow.com/community/spm-articles/introducing-the-new-financials-screen-in-portfolio...

[HermannAl]

Hello Vinay3,

thank you for your answer. We do have a different set up:
Business owns the budget

Portfolio is based on business capabilities across business (across budgets)

is there a possibility to add a budget bucket from different businesses to one business capability portfolio?

The usual way is fine for me, but will not work for us.

Best regards

Alex