Oi Operational Budgeting
The Beginning of Budgeting You’ll Love
Wins with Oi Operational Budgeting
Organization
- Improved strategic budgeting results
- Superior transparency
- Increased accountability
- Unmatched accuracy
- Full integration with financial, labor, and statistic data
- Perfect-fit results thanks to customized budgeting preferences
User
- A streamlined, spreadsheet-free budget process for both management and finance users
- Increased management team efficiency thanks to reduced cycle time
- Time freed up to analyze data instead of finding and formatting
- Instant report access for all users (from budget analysts to the CFO)
- Improved communication and collaboration features
- Real-time insights
IT
- Low-impact implementation
- Minimal maintenance
- No software installation: Our browser-based technology means you don’t have to worry about installing software on any of your client workstations.
Why Operational Budgeting with Oi
Oi Operational Budgeting doesn’t just save you time. It gets you game-changing results.
You need more than just a streamlined system — you need a simplified, synergistic relationship between management and finance.
Get to Know Oi Operational Budgeting
Operational Budgeting with Oi is the gateway to a dynamic budget process that bridges the gap between management and finance decisions and supports all your organization’s budgetary needs.
This module is founded on advanced, intuitive functionality that prioritizes flexibility and efficiency, and empowers your users to make the decisions that keep costs low and ROI high for your organization.
Building on the same interface as our Financial Performance and Labor Productivity modules, Operational Budgeting is always in production. There are no shadow systems, allowing data to flow freely between modules, maintaining transparency with all budgetary changes.
Features That Make a Difference
Budgeting Process Optimization
- Multiple iterations
- Global updates
- Target setting
- Detailed audit trail for every change
- Unit of Service (UoS) budgeting
- Line item detailing
- Initiative tagging
- Forecasting using case-level data
Communication
- Advanced approval functionality that automatically notifies senior management when a department is ready for review and approval
- Improved accuracy and saved time through Global Updates — a flexible tool to model changes at the exact level you need, eliminating the need to make changes at a granular level
- Real-time reporting
Self-Service Reports
- Cost driver reasonableness and audit reports
- Current and proposed cost drivers
- Indirect allocation detail reports
- Detail and summary unit cost reports
IT
- Developed in a 100% Microsoft environment
- Uses the latest Microsoft and browser technologies, including Microsoft SQL Server
- Oi delivers full support for the browsers your organization uses: Internet Explorer, Edge, Chrome, Firefox, and Safari.
Support
- Oi Pulse: We proactively monitor your system, 24/7/365, to make sure all your data feeds are functional, disk space is sufficient, and memory is plentiful.
Integrates with all other Oi modules
- Serves as the single source of truth
- Eliminates shadow systems
Oi Operational Budgeting: In Depth
Case-Study Columbia-Memorial-Hospital
Learn MoreColumbia Memorial Hospital Steps into a
New Era of Financial Management.
Oi Operational Budgeting was chosen after
an extremely detailed RFP process.
Oi on the Ground
Optimizing With Oi
All Oi modules work together to optimize your healthcare finance decisions, but these achieve the best synergy with Operational Budgeting. Click to learn more.
Financial Performance
Robust reporting on general ledger data, journal entries and sub-system detail, with an integrated variance response workflow..
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Labor
Productivity
Productivity reporting coinciding with your pay cycles, including powerful flexible budget calculations.
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Strategic Budgeting & What-if Modeling
Powerful yet simple to use top-down, case-based budgeting tool with robust modeling features and what-if comparisons.
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Capital Planning
Simplify the managing of the entire capital budget process with a highly configurable request workflow, detailed approval process, and powerful reporting.
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