Introduction:
In production budgeting, flexibility and precision are key. Saturation’s "Phases" feature offers an innovative solution, allowing you to manage multiple budget scenarios — from initial estimates and working budgets to comparing financial implications of different shooting locations for tax incentives. Phases also enhance your budget with the capability to adjust currency per phase and selectively share specific phases, enriching your strategic planning and communication.
How to Use Phases in Saturation:
Setting Up and Managing Phases:
Create a Phase: Within your project budget, find the “Phases” section to create and name a new phase (e.g., Estimate, Working Budget, Location A vs. B).
Adjust Budget for Each Phase: Choose copy phase to duplicate your main budget into this new phase to modify as needed, reflecting the unique aspects of each scenario.
Enhanced Features Within Phases:
Currency Customization: For projects spanning multiple countries, adjust the currency for each phase to reflect local financial contexts, simplifying international budgeting.
Selective Sharing via Share View: Use phases to share particular budget scenarios with stakeholders or team members, focusing their attention on relevant financial data for informed decision-making.
Utilizing Phases for Comprehensive Analysis:
Compare scenarios side-by-side, such as different shooting locations, to visualize cost-effectiveness.
Employ phases to assess the impact of various cost-saving strategies or to weigh initial estimates against the actual working budget.
Benefits of Using Phases:
Versatile Budget Management: Navigate through different budget versions with ease, maintaining clarity.
Informed Decisions: Make strategic choices backed by detailed financial comparisons.
Targeted Sharing: Communicate specific budget aspects with stakeholders, ensuring clarity and focus.
FAQs:
Q: Can I share just one phase with external stakeholders?
A: Absolutely. Saturation’s Share View allows for the sharing of individual phases, tailoring the information presented to your audience.
Q: How do I change the currency for a specific phase?
A: In the phase settings, you’ll find an option to select the currency. Choose the desired currency from the dropdown to apply it to that phase’s budget.