OPERATING BUDGET

REDUCE ERRORS AND SHORTEN CYCLES

Our Operating Budget software solution for public sector organizations includes a rich set of features and functionality to implement a powerful and user-friendly system that can accommodate customers’ unique requirements and needs. The solution automates the creation of the base budget and any supplemental requests or service level changes. It can house multiple parallel organizational hierarchies and roll-up levels (performance-oriented, organizational, departmental, CAFR and others).

KEY FEATURES AND BENEFITS

• Full integration with any financial system
• Annual, quarterly, monthly, and multi-year budgets
• Unlimited number of budget versions and scenarios
• Ability to enter and track budget by several categories (FY, funding source, project, organizational unit in charge of project/budget, etc.)
• Ability to enter actual/estimated expenditures, encumbrances, actual/estimated revenue, and ability to revise them during the budget cycle
• Ability to mark the budget as “constrained” once it has reached the final stage (a constrained budget would require approvals to alter, and all edits would be zero-sum entries)
• “What-if” scenarios with the ability to switch between versions
• Ability to create any number of custom  screens and fields to capture all elements needed for budget entry
• Canned reports (out of the box) and the ability to create custom reports and dashboards
• Easily configured to accommodate budgeting differences between our working groups
  Linking operating and capital budgets to determine the operating impact of capital projects
• Top-down budgeting: dynamically allocate changes to related values
• Ability to rank and prioritize budget requests
• Bottom-up budgeting: instantly roll-up changes
• Real-time expenditure tracking
• Workflow, audits, controls, e-mail notifcations
• Capture of narratives and attachments
• Data locking: lock a budget, version, or data element
• Roles-based security
• Integration with various authentication methods (Active Directory, external Identity Provider (IDP) using industry-standard protocols, such as SAML 2.0.

Our solution offers key benefits to every member of your organization, from analysts to decision-makers and external stakeholders. The solution allows your team members to connect budget decisions to strategic outcomes, improving efficiency, visibility, and audibility, ultimately fostering collaboration.