Fact or Fiction: Common Misconceptions about Cloud-Based Budgeting Software
September 13, 2018 – Paul Felton
Public-sector budgeting and planning is easier said than done. You have to get a budget or a “plan” in place, on time, with no mistakes, and in a collaborative manner that includes all of your stakeholders. Not to mention, you need to figure out how to track performance against that budget throughout the year, collaborate internally, and then communicate effectively with the public.
We offer our partners a cloud-based, collaborative software solution for building a budget, complete with personnel cost forecasting, and tools for analyzing budget performance, and non-financial data as well. And we help partners share that data publicly in the form of a story and solicit input from citizens to create a powerful feedback loop.
Here are the three most common misconceptions governments have about cloud-based budgeting software:
- “It costs too much”.
- Cloud-based budgeting software can save the equivalent of multiple FTEs (read this case study to see how Ravalli County, MT, is saving $70k a year). It also improves resource allocation and time spent working on the budget by 50%.
- “We need to issue an RFP”.
- Not so! Many states offer procurement services through associations like the National Association of State Procurement Officers. And most software, hardware, and services vendors have already been vetted for governments.
- “It will take forever to deploy”.
- Nope. We aren’t deploying a new finance system or ERP. OpenGov sits on top of an existing finance or Public Works system to pull data. Our cloud platform then hosts or sits on top of your current systems, and our deployment methodology helps get you up and running in just a few short months.
Now that you know the truth behind cloud-based budgeting software, I hope your government, school district, or special district government will consider adopting a new budgeting and performance software solution to become more effective and accountable!
Category: Product Advice