Government - Public Sector

public sector

Budget Formulation & Preparation

The ability to formulate a budget according to clear objectives based on collaboration from multiple departments is crucial to obtaining funding and accomplishing an organization's goals. The budget describes the organization's objectives as well as the means it will use to accomplish them. An Enterprise Content Management (ECM) framework supports budget lifecycles from the initial development of the budget framework and its dissemination to management groups, to the orientations and training of these groups by managing workflows. It also supports budget development and final budget review and approval using these workflows. In the public sector, where the budget formulation process must follow an increasing number of regulatory requirements, each step of the process is recorded and easily retrievable in case of audit.

Open Text helps you address these challenges with ECM software solutions for Budget Formulation & Preparation.

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.

Meet your Business Goals

GOAL: Improved budget formulation processes
KPI: Increased budget estimate accuracy

GOAL: Increased transparency & accountability
KPI: Increased legal and contractual compliance

How can we help?