Budget planning is paramount for federal organizations. This process serves as the foundation for ensuring that funds are strategically allocated, priorities are well-defined, and resources are optimally utilized to serve the public interest. By managing the budget planning phase effectively, organizations can anticipate future challenges and set a clear roadmap for both short-term and long-term objectives.
Federal organizations currently face significant impediments with existing budget planning solutions. Existing systems often address only the immediate fiscal year ahead without capturing out-year requirements. This short-term perspective undermines the ability of agencies to effectively plan. Another pivotal limitation is the systems' inability to accommodate multiple scenarios. Given the federal budget landscape, where organizations frequently operate under continuing resolutions, seek additional funds through budget justifications, or face challenges like sequestration, a multi-scenario planning capability is indispensable.
The culmination of these challenges and others manifests in several adverse outcomes: loss of control over funding allocations, year-end financial fallouts, and a compromised capacity to report accurately on budgetary matters. Collectively, these issues underscore a pressing need for a more integrated, forward-looking, and flexible budget planning framework for federal organizations. Groundswell’s GIBS-Planning addresses these challenges, offering a unified approach for a more agile, integrated, and strategic federal budget planning.
Key Features & Functionality
Groundswell's Integrated Budget Suite (GIBS) – Planning offers a transformative approach to budget planning for federal organizations, adeptly tackling its challenges. Within GIBS Planning, users manage portfolios and budgets that represent their organizational structure or mission priorities and create budget scenarios with comprehensive spend plans that align funding to planned expenditures and proactively plan for staff and vacancies.
Benefits & Business Impact
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