Hypergene Budgeting & Forecasting
This component helps save significant time in the planning process, enabling you to focus more time on analysing results and planning actions.
The budgeting and forecasting process is critical instrument for controlling municipal operations. Hypergene Budgeting & Forecasting has been developed based on the way planning work is set up within municipalities, and it is readily customisable to meet any additional needs.
Automated computation and consolidation of all components enables quality-enhancing support at all points, and saves significant time in the budgeting and forecasting process – time that can be focused operational development instead.
The Hypergene Budgeting & Forecasting process starts from managing frameworks and allocating funding. Then, each unit budgets its operations. Finally, shared costs and total budgets are reconciled and fine-tuned. The application allocates the responsibility for various steps clearly, making it easy to follow up on process completion.
This gives you an accurate picture of how the budget process is progressing, and an updated total budget is always available for verification and reconciliation. Basing work on item numbers and pricing ensures a simpler budgeting processes that more closely aligned with operations.
Hypergene Budgeting & Forecasting includes pre-installed functionality and process support for allocating funding, budgeting HR expenses, budgeting new investments and capital expenditure, budgeting account revenue/expenses, resource-allocated revenues and allocation of central costs. The functionality includes budget management.
You can add the functionality in stages or implement overall control of the complete budgeting and forecasting process from day one.
Experience of municipal budgeting
Hypergene’s operational consultants have extensive hands-on experience of municipal financial planning. They can provide knowledge and advice on a wide range of issues, including: the advantages and disadvantages of various budgeting models; how to streamline the budgeting process; how to ensure close connections between operational planning and financial planning; and how to improve forecast precision using Hypergene Budgeting & Forecasting.