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Budget Execution

With an approved budget, a public sector organization is ready to execute its operations while following the established fund management rules. Enterprise Content Management (ECM) systems enable government organizations to manage budget execution processes and costs (decreasing invoice processing costs, speeding up verification) while enhancing governance.

Budget execution processes flow from commitment stages reflected by funds reservations, pre-commitments, commitments and fund blockings to invoice processing and payment. Tight integration with Enterprise Resource Planning (ERP) systems ensures that data captured in the budget execution process is automatically and accurately posted in the ERP system. To support invoice processing and payment, ECM systems enable processes like invoice exceptions, which can be routed to the individual or group that can clear it the fastest.

Governance can be enhanced by providing an extensive audit trail of the budget execution process.

Open Text helps you address these challenges with ECM software solutions for Budget Execution.

• Software: Business Process Management, Extensions for SAP Solutions

Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.