Solution to formulate and manage budgets, specifically for the public sector
A comprehensive budgeting solution to prepare and manage operating and capital budgets and personnel cost forecasting. Entities create a collaborative budget to support their strategic vision. Performance management is integrated with SAP analytics to identify trends and plan for the future.
Overview
Configure the system with ease to start better budgeting as soon as possible
Our solution can be configured online by functional budget office team members to match the exact processes of each organization. Clients will benefit from a system that can adapt to their processes, rather than having to change processes to adapt to the software.
Budget for all activities in one solution
Complete your budget in one solution: strategic planning, performance management, budget preparation, and in-year budget management. Save time and expense; BFM does it all.
Forecast personnel costs more quickly and more accurately
Clients will benefit from transparent and detailed salary and benefit forecasts, including employee pay period results. All rates are effective-dated, automating contracted raises, step increases, and changes in benefits and supplemental pays.
Details
Solution type
Extensions and Add-ons
Industry
Public Sector
Compatibility
Works with
Features
Configure Dashboards to specific requirements
Clients can configure dashboards by user role, giving each user a view of their specific needs. The budget office can monitor department progress on submissions while departments track key performance metrics.
Update Base Budgets easily and quickly
Users can rapidly update base budgets, using Excel to make mass changes with formulas against historical data. Budgets are preloaded with historical data, such as actuals and prior year adopted budgets, to make budgeting simple for end users.
Request new positions with accurate fully-loaded costs
Departments can request new positions by selecting a Job Class and our solution will calculate the fully-loaded costs using assumptions from HR or budget administrators. Use Employee Changes for cost reclassifications or to change funding dates and allocations.
