Managing budgets in the public sector survey - Current challenges and future improvements

100 %
0 %
Information about Managing budgets in the public sector survey - Current challenges and...
Business & Mgmt

Published on February 25, 2014

Author: AdvancedBusinessSolutions

Source: slideshare.net

Description

We asked over 300 senior finance professionals from across the Public Sector about how they manage their budgets. This infographic shows what the public sector say are the main challenges and what are the most important improvements to the budgeting process.

Managing budgets in the public sector survey Current challenges and future improvements We asked over 300 senior finance professionals from across the Public Sector 7% 43% 18% % 29 NHS Emergency Services Local Government Further & Higher Education of people surveyed have a devolved budgeting process What software they use for budget preparation monitoring and forecasting? Excel 42% Business Objects 8% Advanced Collaborative Planning 3% SAP 5% Agresso 7% Oracle 13% In-house systems 6% Other 16% Total 100% What challenges they face with their current system? Significantly challenging Not very challenging 0% 100% 42% 34% Ability to access data in real time Conflicting data £ 66% 61% Impact on staff time and resources Difficulties of managing ever changing budgets How important are the following improvements to your organisations budgeting process? Very important Least important 0% 100% 62% Reducing reliance on spreadsheets Reduce human error and inaccurate data input Move towards greater emphasis on user driven reports 72% 77% 88% 84% 90% 87% More productive use of staff time Greater visibility of budgets over time Ability to provide real support to departments Ability to allow budget holders greater control Time for a new approach? Collaborative Planning The Next Generation Approach to Budget Management It’s surprising that Excel spreadsheet working remains the preferred choice, especially when there are more sophisticated systems out there which offer access to real time information, and offer greater visibility and control over budgets. The reality for the public sector is that the full force of the last few years’ cuts are starting to bite, and that more cuts are inevitable. The need to work smarter and manage finances more accurately is therefore greater than ever. Dean Dickinson, Managing Director, Advanced Business Solutions www.advancedcomputersoftware.com/abs

Add a comment

Related presentations

Canvas Prints at Affordable Prices make you smile.Visit http://www.shopcanvasprint...

30 Días en Bici en Gijón organiza un recorrido por los comercios históricos de la ...

Con el fin de conocer mejor el rol que juega internet en el proceso de compra en E...

With three established projects across the country and seven more in the pipeline,...

Retailing is not a rocket science, neither it's walk-in-the-park. In this presenta...

What is research??

What is research??

April 2, 2014

Explanatory definitions of research in depth...

Related pages

Improving Public Sector Efficiency: Challenges and ...

in the public sector differs ... “Using Performance Information for Managing and Budgeting: Challenges, ... Findings from a National Survey”, Public ...
Read more

AIR FORCE INSTITUTE OF TECHNOLOGY - Defense Technical ...

industry and academia to alter the survey instrument to reflect current ... Controlling IT budgets Managing or ... challenges by public sector CIOs as ...
Read more

2016 tipping point? Challenging the current

will be significant future challenges in ... some improvements in the last survey have reversed this year; ... wider public sector issues, ...
Read more

Government by design: Four principles for a better public ...

... shrinking budgets. The ratio of general government debt to ... that improvements in government ... survey of 974 public-sector ...
Read more

Regulation and public protection | Public Sector Practice ...

article The public sector’s cybersecurity imperative. Recent cyberattacks on several government agencies have made it clear that the United States must ...
Read more

Public Sector Advisors | Advisory Services | KPMG | ZA

KPMG’s Public Sector Advisors are driven by Government’s key priorities and pressing issues. The fight against poverty, ensuring job creation ...
Read more

Building capability: A framework for managing learning and ...

Information about Commonwealth public sector workplace ... Capability building, ... improvements in agency capability statements feed into ...
Read more

Public Service Management Reform: Progress, Setbacks and ...

... Public Service Management Reform: Progress, Setbacks and ... who lead current and future management ... the public and the private sectors ...
Read more