The public sector faces a daunting challenge in managing funding for projects and programs. Revenues come from a multitude of sources - grants from all levels of government, tax revenues, bond issues and more. Levels of complexity are added when the agencies must track the conditions associated with the funds: from strict timing requirements to limitations on the types of projects the funds can be applied toward.
EcoSys EPC (Enterprise Planning & Controls) has been designed to address these unique challenges. EPC provides the workflow and structures for distributing funds through the organization and into programs, projects, and operations. At the same time, the configurability of the software allows the rules that govern funds to be easily modeled.
EcoSys EPC is ideal for all aspect of Funds Management:
- Funding Source Forecasts: EPC is a full funds management platform, allowing identification, forecasting, and categorization of all sources of federal, state and local funds. Agencies can forecast and track each funding source's available funds over time, and model what-if scenarios, such as bond issues and other revenue-generating measures.
- Management of Fund Balances: EPC allows forecasting and tracking of available funds per fiscal year, and the amount allocated to individual projects.
- Funding Rules: Support complex rules for allocations of funds from multiple funding sources. Each project can be effectively modeled and tracked, without custom programming.
- Fiscal Year Funding: EPC provides full workflow for fiscal year budgeting by Funding Source.
- Integration with Financial Systems: Seamless integration with ERPs and General Ledger systems allows for easy reconciliation of actual expenditures to budgets, commitments, allocations and project performance.
- Change Management: Funds can be easily reallocated as needed using a clear, structured process and protected by an enterprise-level audit trail.
Related Links
Industry Solutions - Federal Government
Industry Solutions - State & Local Government
Industry Solutions - Public Sector Transportation
Brochure - Capital Budgeting and Program Management for Public Transportation Agencies
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