Vantage Launches Hierarchical Budgets

Vantage has introduced Hierarchical Budgets, a feature that allows organizations to map their budgeted costs to their structure by defining parent-child relationships between budgets. This new capability enables users to consolidate multiple budgets automatically, reflecting changes in connected child budgets within the parent budget, thus facilitating comprehensive financial oversight and streamlined reporting. The feature supports both new and existing budgets and allows for the creation of multi-level hierarchies, enabling finer-grained control over financial planning and analysis. Available at no additional cost to all Vantage customers, Hierarchical Budgets can be managed through the Vantage interface and via CSV files, with future support planned for API and Terraform usage.