EcoSys Financial Manager™ provides public sector transportation agencies at the federal, state and local level with a consolidated platform for integrating capital planning, operational budgeting, cost controls and performance reporting.
Whether balancing the demands of a new infrastructure project, needing better visibility and efficiency in managing operating costs, or both, EcoSys Financial Manager™ delivers the precise controls transportation agencies require.
Operational Budgeting
Model the organizational budget cycle and manage the annual and out year budget planning processes. Budget by department, specific financial and/or cost category (labor, materials, etc.) and funding source (federal grant, local bond issue, etc.). Create multiple versions and revisions of budgets for the same financial year and plan multi-year budgets. EcoSys fully supports Performance Based Budgeting efforts, aligning organization goals with operational execution.Funds Management
Financial Manager™ provides complete funds management capabilities, allowing the identification, forecasting, and categorization of all sources of federal, state and local funds. Track allocation of funds to programs and individual projects, and track changes to funding throughout the fiscal year, with a complete audit trail. Precisely report on performance against plan, by funding source, program, or project. Align plans and performance to government funding categories and funding codes.Capital Planning
By prioritizing and justifying capital investment decisions in Financial Manager™, stakeholders at all levels of the organization participate in planning, whether approving budgets, forecasting, or monitoring performance. Local plans can be consolidated into regional, agency or departmental plans, such as Statewide Transportation Improvement Plans (STIPs) or Transportation Master Plans, without the need to consolidate numerous spreadsheets.Project Forecasting and Execution
Financial Manager™ provides users with web-based spreadsheets for budgeting and forecasting. Plan expenditures at the program, project or phase level, or by budget category, recording data by year, month, or by transaction. Compare top-down budgets to bottom-up forecasts. Manage budget changes and reprogramming efforts precisely, retaining a full history of decisions made. Compare funds, budgets, estimates, and actuals, and where detailed project plans exist, benefit from Financial Manager's™ seamless integration with Primavera® and MS-Project.Financial Controls and Consolidation
Finance gains rigorous financial controls over project management data using Financial Manager™, which provides full support for period closeouts, adjustments, and chargebacks. Financial Manager™ is a consolidation platform for integrating financial data from multiple systems, including general ledger, project management, HR, asset management, work and contract management systems.Related Links
White Paper - Complying with the 32 ANSI 748 Criteria using EcoSys
White Paper - Financial Management's Role in the Recovery Act
Industry Focus - Operational Budgeting & Forecasting for State and Local Public Agencies
News - SCDOT Selects EcoSys
