Budget management

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Federal Budget Management

Creative’s Budget Management solution enables Agency CIOs to achieve complete transparency and oversight over their entire budgets. Our solution is currently in use across multiple agencies in U.S. Department of Agriculture. We provide end-to-end support for CIO budget management process from Cost Model formulation to Budget Approval by IRB or equivalent bodies to tracking of Expenses, Procurements, and Inter-agency Agreements.

Often an Agency CIO receives funds for specific investments - our solution provides ability to track budget by OMB-300 Investments and enables program managers to drill down to Programs, Projects, and Activities level. The force.com based solution delivers complete flexibility to agencies by providing them ability to configure their approval workflows and business rules. Overall capabilities include:

  • Project Cost Model Development
  • Project Funding Approval
  • Support for Budget Change Requests
  • Tracking against Funding Sources
  • Procurement Request Tracking and Approvals
  • Agreements and Contract Tracking
  • Invoice Tracking
  • Forecast, Reporting, and Dashboards

The application provides the ability to track the Expenses, Procurements, and Inter-agency Agreements so the CIO leadership has complete understanding of where the budgeted amount is being spent. An agency can tie its purchase orders directly to related projects and programs so it can accurately monitor how money is spent and track the complete purchasing lifecycle. We provide ability to generate PDF forms for expense approvals.

Easily track expenditures to date against budgeted funds and learn how much a particular Division is spending compared with other Divisions. With Budgeting and Purchasing, there is no reason for anyone in your organization to lose sight of how close you are to meeting your budget goals. Because all related purchasing documents are tied together, you can streamline the spending process.