Euna Solutions Introduces Strategic Budgeting, an Industry First to Connect Strategic Plans with Full Cycle Budgeting
March 28 2024 - 6:10AM
Business Wire
As governments consider new ways of thinking
about budgeting to meet the changing needs of communities, Euna
Budget: Strategic Budgeting provides essential tools for aligning
budget with a strategic plan, connecting the dots between
operating, capital, and personnel budgeting to strategy.
Euna Solutions®, a leading provider of purpose-built,
cloud-based solutions for the public sector, today announced the
launch of Euna Budget: Strategic Budgeting, a
first-of-its-kind offering that enables city leaders to connect
their strategic plans with annual budgets. Euna Budget offers
full-cycle strategic budgeting, connecting strategy to all aspects
of the budget including operating, personnel, and capital
budgets.
“For the first time, strategic budgeting — an essential but
missing connection between strategic planning and management in
government — is now possible within the nation's leading budgeting
solution, Euna Budget,” said Tom Amburgey, CEO of Euna Solutions.
“We’re excited to bridge the gap between a strategic plan and an
annual budget to empower state and local government leaders. With
Strategic Budgeting by Euna Budget, public leaders — the stewards
of public funds — can more collaboratively, efficiently, and
effectively move their communities forward in a strategic way."
Euna Solutions has worked closely with renowned industry
association Government Finance Officers Association (GFOA) and
other industry leaders to discuss new approaches for their
campaign, “Rethinking Budgeting”. Through a series of roundtables,
discussions, and assessments, several opportunities were identified
to modernize budgeting, notably the disconnect between strategic
plans and the budget process. Euna Budget: Strategic Budgeting was
designed to address that disconnect, especially for city and
financial leaders, charged with budgeting against the community’s
strategic plan.
Governments can take advantage of Strategic Budgeting by Euna
Budget in the following ways:
- Strategic Budget Formation, Management and Approval:
Agency leaders can easily align departmental budgets and
initiatives with overarching goals, ensuring all internal
stakeholders work toward common objectives. Monitoring resources
and how they influence the overarching goal, governments are
empowered to make decisions based on comprehensive, high-quality
data, enhancing the effectiveness of resource allocation and
outcomes. This approach ensures fund allocations directly support
the desired goals from the strategic plan, creating a clear link
between spending and outcomes.
- Strategic Performance and Accountability: Agencies,
departments and employees can easily track budget allocations and
expenditures, providing clear visibility into how funds are used
and ensuring they align with strategic goals. They gain access to a
robust set of reporting features to monitor how spending can
achieve desired outcomes and contribute to the overarching
strategic goal, fostering accountability to stakeholders.
- Strategic Budgeting and Transparency: A strategic plan
is typically published as a lengthy PDF file with a mix of text and
charts, similar to other financial documents such as the Budget
Book. Euna Budget: Strategic Budgeting integrates with Euna’s
existing transparency solution to create and publish the critical
public-facing strategic plan. This easy-to-use publishing tool
enables city leaders to publish their strategic plans using
pre-built templates based on examples from various cities and best
practices. Agencies can publish a combined strategic plan and
annual budget — a strategic budget — in a web-based, responsive,
and configurable interface.
“In an era where public finance faces unprecedented challenges,
from fiscal sustainability to ensuring transparency and
accountability, Euna Solutions is proud to be at the forefront of
pioneering strategic budgeting,” said John Alexander, Chief Product
Officer at Euna Solutions. “With more than $370 billion in public
funds under our customers’ stewardship, we recognize the urgency of
modernizing financial planning to meet these challenges head on and
the opportunity to drive better strategic outcomes for
communities.”
Euna Budget is the leading budgeting solution purpose-built for
the public sector, serving nearly 1,000 agencies and managing over
$370 billion. Euna Budget is comprised of highly configurable
budgeting and performance management systems built to help agencies
modernize business processes. These solutions enable data-driven
budgeting and decision-making, while increasing data accuracy,
saving time and improving community trust. In addition to strategic
budgeting, Euna Budget offers management solutions for the
operating, personnel, and capital budgets.
For more information about Euna Budget’s Strategy Module, visit
https://eunasolutions.com/strategic-budgeting/
About Euna Solutions Euna Solutions® is a leading
provider of purpose-built, cloud-based solutions that power
critical administrative functions and financial operations for the
public sector. Euna Solutions offers trusted, easy-to-use solutions
for procurement, payments, grant management, budgeting, permitting,
and special education administration that are trusted to increase
operational efficiency, transparency, collaboration, and
compliance. Working with more than 3,000 government and public
sector organizations across North America, Euna Solutions strives
to build trust and enable transparency in our communities. Euna
Solutions is recognized on Government Technology’s GovTech 100
list, an annual list of the top 100 companies focused on, making a
difference in and selling to state and local government agencies
across the U.S. To learn more, visit www.eunasolutions.com.
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Media contact: Michael Tebo Gabriel Marketing Group (for Euna
Solutions) Phone: 571-835-8775 Email:
michaelt@gabrielmarketing.com