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Native to ServiceNow functionality, the Public Sector Budgeting Formulation & Execution App automates and streamlines budget data capture and establishes tiered, automated approval/rejection workflows using native ServiceNow functionality.
One data model, one architecture, in one platform means a single source of truth leveraged to automate, align, and track manual process, retiring disparate financial management systems and tools.
Our solution provides a one-stop shop for the entire lifecycle of a funded dollar - from capturing proposed fund usage as a budget line item, to the execution of that line item in the procurement system, to real-time financial reporting for the entire organization.
**This App is required as part of the overall TBM Public Sector Budget Formulation & Execution App. It contains budget definitions for proper functionality of the TBM Public Sector Budget App.**
- Budget formulation & execution for federal clients
- Import budget line items
- Import budget execution lines
- Budget Formulation process flow with approval/rejection steps
- Budget cuts/modification process
- Fund transfer process