DIGIT Description
Budgetary oversight can be implemented at various phases within the expense processing lifecycle, starting with the creation of invoices for diverse items like acquisitions, services, and salaries. This system is linked with popular payment platforms, including BillDesk and ICICI Bank, ensuring seamless transactions. User-friendly functionalities facilitate bank reconciliation within Urban Local Bodies (ULBs), along with support for automatic reconciliation and handling of cheque dishonoring. Moreover, the process allows for the deduction of recoveries at the point of invoice generation, scheduled recoveries, and automatic remittance of those recoveries. A comprehensive integration with the customer portal of ULBs allows for the dissemination of clear and comprehensible reports. Employees are equipped to manage and analyze a wide range of activities, encompassing budgets, procurement, and bank reconciliation tasks. By consolidating financial information in a single repository, the likelihood of calculation errors is significantly diminished. Dashboards featuring real-time data on income and expenditures offer valuable insights, while all movable and immovable assets can be registered and categorized in one centralized location for efficient management. This comprehensive approach enhances transparency and accountability within the financial administration of the organization.
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