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

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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 …

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.

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  • 1. 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

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