GovConnect360 is a hybrid cloud platform built with open source
technologies. It is a fully integrated, access-controlled, unified platform that
provides a 360-degree view of budget formulation, execution, performance, and work force
planning processes.
This includes seamless integration with Oracle® Enterprise
Business
Suite (EBS®) Financials and Unison® PRISM® procurement system with real-time data
transfers using Webservices Application Programming Interfaces (APIs). We currently
provide integrator plugins for SaaS products like Salesforce, and Oracle Fusion and
others are being developed.
What Are The Hallmarks of a Successful Budgeting software for federal agency?
At GOVCONNECT360 we break down the complete budgeting cycle into, four pillars
of
what makes a good final budget plan standout.
Plan
Most of today's typical budgeting tools are the result of hundreds of hours of work over several weeks and involve a cross-departmental endeavor where disparate data is assembled from dozens of Excel spreadsheets. This labyrinthine and often painful budgeting process is simplified in GovConnect360's Planning phase. We use prior year acquisitions as a baseline, an intuitive user interface, validation rules throughout the budgeting process, effective email communication and provide powerful and yet easy-to-understand reports for all Program Office, Finance Personnel, and Budgeteers to analyze.
Execute
After all the hard work put into planning, the result is a polished document that provides an overview of your budget and priorities at the time of submission. However, it is important to note that this budget may become outdated as soon as it is received by the first recipient. Fortunately, GovConnect360 stands apart from other tools as the Program Office and Finance Personnel can continually adjust the budget plan based on evolving priorities. This fluid budget planning capability differentiates GovConnect360 from its competitors.
Engage
During planning and execution of the budget, it is very important to engage all the Finance Personnel and Budgeteers round the fiscal year to know the real time budget allocations, modifications and Continuous resolution to the exiting formulated plan and to know the Acquisitions that are in the pipeline for the quarter and talking to the Contracting officers(CO) and Contracting Officer Representatives(COR) for any necessary information from the program offices. GOvconnect360 would help everyone in the process to be engaged all along the fiscal year, Program Office & Finance Personnel, Budgeteers, Acquisitions team, etc. and make us different from other tools.
Report
Throughout the budget process, powerful reporting with real-time data that is easy to read and understand makes the entire process simpler. Unlike other tools, the reporting is built into GovConnect360, which has the capability to connect your entire data universe within the agency. These connectors enable you to establish data source connections for authentication, authorization, data security, interfaces, data ingestion, data mashup, and data extraction for all your financial reports.
