A government budgeting and planning solution provides a government-focused platform that encompasses the entire budgeting process from budget planning to budget adoption. It helps in gaining transparency across all departments to report on budget allocations and expenditures, along with in-depth and insightful reports to enable data driven decision making. Such solutions help in creating an integrated and expansive approach, by creating efficiencies and decreasing the length of time of the budgeting process. The system provides transparency to the users throughout the year to evaluate budget to actuals and program expenditures. Government Budget Owners, Program Managers, Finance and Accounting team are the predominant users.

Government Budgeting and Planning Solution

Gartner defines financial planning software as the key tool that enables organizations to automate and streamline their enterprisewide financial planning processes. The software supports planning, budgeting and forecasting processes by connecting relevant operational and driver data to profit and loss, balance sheet and cash-flow financial statements. Additionally, the software offers enhanced decision support and analytics that can be customized to unique planning requirements. To provide this support, financial planning software offers data integration, data modeling, reporting and workflow capabilities, which all enhance a user’s ability to effectively manage the planning process and their organization’s financial performance.

Financial Planning Software

Gartner defines financial close and consolidation solutions (FCCS) as applications that enable corporate controllers and their teams to manage the organization’s group close, consolidation and reporting processes. The FCCS market equips organizations to (1) manage and drive financial control across their close cycles through configurable workflows and dashboards that support collaboration and provide a centralized auditable view; (2) execute financial consolidation across multiple legal entities (LEs) and geographies; (3) meet accounting standards for currency translation, intercompany elimination and top-side adjustments; and (4) generate reporting that adheres to Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) and regional compliance.

Financial Close and Consolidation Solutions

Cloud xP&A is a platform-centric enterprise planning strategy to extend financial planning and analysis (FP&A) with multidiscipline planning capabilities that are packaged, marketed and sold as an integrated operational planning solution. xP&A solutions must include a cohesive, composable, data-harmonized vendor platform that can accommodate emerging technologies, horizontal functional and vertical-specific solutions for their target market(s)

Cloud Extended Planning and Analysis Solutions

Workday Adaptive Planning Reviews, Ratings & Features 2024 | Gartner Peer Insights

Evaluation and contract negotiation

Evaluation & Contracting

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Integration & Deployment

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OneStream Platform

OneStream

CGI Advantage

Oracle Fusion Cloud Enterprise Performance Management (EPM)

Oracle

Workday Adaptive Planning

Workday

CostPerform

Enterprise ERP

Tyler Technologies

Gov't/PS/ED 5,000 - 50,000 Employees

Project Manager

Besides Workday Adaptive Planning being one of the best products on the market, their customer service and support is second to none.  Workday engineers are highly skilled and provide expert advice.  Response times are swift and outcomes are always customer focused.

Active

Find the top Government Budgeting and Planning Solutions with Gartner. Compare and filter by verified product reviews and choose the software that’s right for your organization.

Gov't/PS/Ed

Company Summary

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Workday Adaptive Planning is a cloud-based financial planning and analysis solution that enables organizations achieve business agility through continuous and company-wide planning. Powered by AI and ML, Workday Adaptive Planning delivers the scale and flexibility organizations need for sophisticated, multi-dimensional modeling, and can connect to any transactional or operational data source. With a click-not-code user interface, business users across the enterprise can participate directly in the planning process, giving finance teams the rich and timely insights they need for comprehensive and strategic planning and analysis.

Workday is a prominent provider of cloud applications intended for finance and human resource management. Their primary objective is to assist businesses in adapting to changes with the help of their various applications. They provide applications for financial management, human resources, planning, spend management, and analytics, all of which are built upon the foundations of artificial intelligence and machine learning. This technology is intended to support organizations globally in navigating the evolving nature of work. Workday's services are utilized by numerous organizations worldwide, across a variety of industries.