Zero-Based Budgeting

Zero-based budgeting is a system where the expenses or costs of the prior year are not taken into consideration when establishing future expenses or budgetary levels. Each expense category starts from zero. All expenses or cost levels within the budget must be justified or re-justified as being necessary; thus "zero-based". PROPHIX easily facilitates this due to its workflow engine. Whenever changes occur within the budget, approval is requested; when approval is granted, items are added to the budget.