Budget Preparation and Management

Budget-Preparation-&-Management

PROMOTE ACCOUNTABILITY
AND IMPROVE FISCAL
AND FINANCIAL DISCIPLINE

Effectively plan, implement and
monitor
the national budget in one
place

Budget Preparation and Management

Budget planning and administration are at the heart of good public financial management of any country or organization. Preparing executing, and tracking budgets means managing voluminous financial data, which can create a cumbersome and time consuming budget process that hampers delivery of services.

An efficient budgetary process largely depends on the existence of multi-functional information system for capturing budget data. Such systems help to promote accountability and improve fiscal and financial discipline, by enabling thorough analysis of revenue and expenditure trends and components.

Budget Preparation & Management

Synergy’s State Budgeting System (SBS) is the perfect solution specifically designed to help governments effectively plan, implement, and monitor the national budget in one place. It reflects international best practices in budget management, and encompasses the entire budgeting process, from budget preparation and negotiations all the way to budget execution and monitoring.

In SBS, business processes and technical workflows of the all the stages of the budget management are interconnected, providing necessary controls to ensure that the electronic management of national budgeting is carried out in accordance with government guidelines and scarce resources are appropriately aligned with the strategic vision of the country. By providing a single cohesive entry for budget data, SBS supports the implementation of transparency guidelines, allowing designated authorities to track and evaluate all aspects of the budget.

Public Financial Management

Ministry of Finance, Islamic Republic of Afghanistan“SBPS has improved the efficiency of our budget process up to 80% because it can be accessed on the web from anywhere, and has powerful analytics like charts graphs and maps for our budget reports. Prior to SBPS, we used MS Excel sheets and a basic MS Access database to prepare the budget. We were limited in terms of the number of users who could access the database, and the lack of analytics on the system.”
Ministry of Finance, Islamic Republic of Afghanistan

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Budget Preparation and Management.

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