Budget Escalation

Effortlessly Manage Budget Escalations with Precision and Speed

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The Challenge

Treasury budget escalations posed significant hurdles for finanace teams:

Extensive manual calculations required
Time-consuming process of loading adjustments or updating original budget values
Tight deadlines for completion and balancing before submitting updated budgets to Treasury

Our Solution

Decision Inc. developed a comprehensive system featuring:

Automated capture and application of Treasury escalation rates
Flexibility to include/exclude specific programs (FUND/WBS)
Detailed reporting of pre/post escalation values
Individual, auditable journal entries for each escalation adjustment
Version-based process allowing multiple iterations, test versions, and alternate scenarios

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Key Benefits

Time Efficiency: Automatic process with email notifications and Excel summaries
Scalability: Capability to run single or multiple year scenarios (10-year run typically completes in 30 minutes)
Accuracy: Automated updates to the Budget model with escalation adjustments
Flexibility: Allows for further adjustments, updates, or selective deletion of entries

Wider Government Application:

Our solution offers broad adaptability across government agencies:

Easy modification to suit different General Ledger and Cost Centre structures
Independence from specific ERP systems
Leverages structures within Adaptive for maximum flexibility

This system addresses common challenges in budget escalation processes while allowing for agency-specific customisations, making it a versatile solution for various government entities.

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About

We are a Global Technology Services business helping enterprises leverage technology to create a new future for their business, their customers, and their people.