Technology probably can’t do much about the emotions involved, but it can at least ease some of the workflow burdens.
That’s what comes to mind with the launch of a cloud-based “strategic” budgeting tool from Euna Solutions.
The vendor is pitching its new Strategic Budgeting by Euna Budget as being able to “seamlessly connect the dots between the strategic plan and your budget to create a future where budgetary accountability and strategic achievements go hand in hand,” according to the website for the product.
Those dots include the operating, capital and personnel budget, according to a statement, with the software designed to align an agency’s budgeting with its strategic plan.
“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, in that statement.
Euna — known as GTY Technology until about a year ago — said it worked with the Government Finance Officers Association, or GFOA, and other industry leaders on ways to improve budgeting. Among the main issues was what Euna calls the “disconnect” between agency strategy and the work of actually allocating public money to specific areas.
The new offering can help officials create, manage and approve a strategic budget while making sure all necessary participants are kept informed of progress, Euna said. Tracking and monitoring features also are included, among other digital tools.
“This approach ensures fund allocations directly support the desired goals from the strategic plan, creating a clear link between spending and outcomes,” the company said.
Euna reports working with almost 1,000 agencies that together manage more than $370 billion.
This launch follows news in February that Euna bought procurement marketplace EqualLevel. Euna also operates in such areas as grants and payments. Late last year, it named Amburgey as the new CEO.
