Public Sector
Industry Challenges
The specificity of the public sector lies in the fact that it is the largest producer and consumer of data, public institutions, regardless of their size and complexity, operate with a large number of projects, funding sources, heterogeneous organisational structures (public services, educational establishments, health, cultural-artistic institutions, productive and service sectors, etc.) under constraints imposed by legislation, the business environment, relations with citizens or the insufficiency of available funds.
Proposed Functionality
- Complex structures / authorizing officer
- Decentralized budgeting/department
- Multiple sources of funding
- Splitting, merging budget/structures
- Fund management
- Structural funds projects
- Budgeting, Commitment, Contracting, Ordering, Payments
- Cash and cash equivalents/sources of funding
- Budgetary Execution, Budgetary Reporting
- Lump sums/allowances
- Automatic creation of payment orders
- Integrations: banks, payment systems, state institutions/authorities
- Heritage integrity
- Finance, Logistics, HR & Payroll, Investment Management, Project Management
What we help with
Planning, financing, budgeting and budget execution are the core components of the public sector solution, components that condition and coordinate the information flows of all areas, ensuring efficient financial management and rigorous control of the use of allocated funds.
The budgeting process has a dynamic character over time, starting from the budgeting of activities, projects, objectives with the allocation of funds by organisational structure and by expenditure purpose. Linking the budget to the public procurement programme and the investment programmes, the permanent coordination of the revenue budgets with the expenditure budgets allows the integration of the organisation’s budgets into a single system. This increases accountability in the management of funds allocated by activity and ensures rigorous control of budgets.
Operational processes, requests/requests for material resources, financial, contracting, receipts, supplier invoices, payments, production, sales, receipts, etc., are constantly accompanied by the stages of the budget execution process: financing, commitment, clearance of expenditure, authorisation of payment, payment.
The tools used in the budgeting and control process, funds, organisational structures, sources of funding, budget items, are explicitly specified at certain stages of the process or implicitly positioned through the modelling and configuration carried out in the system.
The multiple projects carried out in the public sector are tracked in order to meet deadlines and fit within the budget of each resource (material, human, services, transport and equipment).
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