Citywide Enterprise Budgeting

Citywide Enterprise Budgeting is a software solution designed to assist local governments and organizations in effectively managing their budgeting operations. This solution is aimed at medium to large-sized organizations, including local governments, municipalities, regional districts, and other public sector entities. It is commonly used by government finance professionals, budget analysts, financial planners, municipal administrators, and various public sector organizations.

Key Features

Operating Plan: According to the vendor, Citywide Enterprise Budgeting allows users to produce single or multi-year budgets in a secure, centralized database. It offers unlimited collaboration and flexibility throughout the budgeting process, while also tracking all changes with enhanced security to provide a clear audit trail.

Salary Plan: The vendor claims that Citywide Enterprise Budgeting enables the creation of accurate, collaborative plans and forecasts for staffing expenses. It provides a graphic tool to visualize changes, such as promotions or overtime, and supports modeling of various scenarios for better reporting and planning.

Capital Plan: According to the vendor, Citywide Enterprise Budgeting helps in planning for the impact of capital projects and forecasting needed resources. It allows for easy prediction of how a capital project will impact the operating budget and includes the Fund Manager feature to rank prioritized projects and identify funding sources.

Budget Request: Citywide Enterprise Budgeting enables ranking, prioritizing, and justifying budgetary requests. The vendor states that it provides a multi-level workflow system for comprehensive budget control and allows for the creation of business cases, making it easier to present budget books to stakeholders.

Reporting: According to the vendor, Citywide Enterprise Budgeting allows for the preparation and automation of data in various formats for budget presentations, variance analysis, and financial reporting. It provides the ability to summarize data by category and drill down into details, retrieving data from multiple scenarios and comparing changes to improve communication.

Budget Book Prep: Citywide Enterprise Budgeting helps in preparing budget books for presentation to council. It allows for the creation of financial reports that can be viewed electronically and shared internally and externally. The vendor claims that it provides a comprehensive solution to handle all aspects of budget book preparation.

Precise Control: Citywide Enterprise Budgeting offers multiple views and reports to understand the impact of changes on accounts, departments, or the entire organization. According to the vendor, it provides flexibility to budget, plan, and report in one system, supporting unlimited scenarios throughout the budgeting process.

Improved Accuracy: The vendor states that Citywide Enterprise Budgeting helps prevent data errors and version control issues. It provides complete data for the team and allows for easy reporting, ensuring accuracy in budgeting and financial decision-making.

Enhanced Security: Citywide Enterprise Budgeting allows the creation of security roles and audits to control access and version changes. According to the vendor, it minimizes system maintenance and ensures data security, providing a secure environment for budgeting operations.