In these uncertain economic times governments are under increased budgetary pressures. Budget officers are challenged to prepare their organizations’ budgets in an environment of diminishing tax revenues and limited internal resources. To address these issues, SAP AG today announced a new software solution for public budget formulation developed specifically for the U.S. and the Canadian market. Designed by former public sector budget officers, this comprehensive budgeting solution supports governmental budgeting processes.
The new solution from SAP addresses the unique budgetary needs and processes of federal, state and local government and education organizations, including incremental, zero-based and performance-based budgeting. In addition, the solution processes and reports against operating, capital, grants and other budget types. Additionally, the solution provides robust text handling and push-button budget book publishing capabilities. The flexible configuration of the SAP® solution allows public agencies to make informed decisions with real-time insight, automated processes, improved transparency and optimization of scarce resources.
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