NEUBRAINER, the official blog of Neubrain

CASE STUDY: INTEGRATING DATA ANALYSIS INTO GOVERNMENTAL RESOURCE ALLOCATION (OR HOW TO TURN DEFENSE INTO OFFENSE)

Posted by Neubrain Communications

If you have ever worked in a governmental organization, you probably experienced the mental gymnastics of the dreaded “what-if” drills.  The annual bureaucratic budget review and approval processes, changing priorities based on political agendas, and emerging agency requirements make these drills a frequent occurrence at all levels of government.  Governmental organizations are often tasked to  “develop options”, “look for efficiencies”, or other code words to deal with real or perceived budget cuts.  These units are scrambling to play defense – to defend (or re-defend) planned resourcing levels. A reason why budgeting is so difficult is that many government organizations have difficulty tying resource allocation to objective criteria that clearly enables decision-makers to make conscious trade-offs, as well as providing transparency throughout the organization. 

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Topics: forecasting, planning, best practices, performance management, budgeting analytics, data analytics, predictive analytics

Best Practices of High Performing Comptroller Organizations

Posted by Neubrain Communications

 

High performing Comptroller organizations can add tremendous organizational value beyond just financial transaction processing and audit readiness tasks.

By leading in the establishment of key processes, promoting enterprise-wide collaboration and a disciplined financial management culture, they can drastically improve the ability of an organization to achieve performance targets, strengthen the link between financial plans and strategic objectives, and enhance strategic decision-making.

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Topics: budgeting, forecasting, planning, best practices, performance management, budgeting software

selecting Best Business Budgeting Software

Posted by Neubrain Communications

After years of experience observing common budget soft­ware buying processes, it has become clear that organiza­tions often jump into the buying process and review soft­ware vendor offerings without being properly prepared for the task.

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Topics: Best Budgeting Software

Infographic: Key Steps to Transform Public Sector Budget

Posted by Neubrain Communications

As technologies advance, the global marketplace changes, and the economy ebbs and flows, it is apparent that traditional budgeting practices are becoming a relic of the past. With the right strategies and technologies in place, public sector organizations can develop a more strategic budget process...

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Topics: best practices, Business Analytics, Government Budgeting, Public Sector Budgeting, budgeting software

Public Sector Budget Challenge - Matching Resources with Priorities and Outcomes

Posted by Neubrain Communications

CURRENT CHALLENGES

As economy ebbs and flows, global marketplace expands, and technologies advance, many government organizations are pursuing aggressive efforts to restructure budgets in order to reduce spending and better align resources with strategic priorities and outcomes. 

The new requirement is not just a onetime effort, but rather a systematic practice. Organizations are required to implement new systems and capabilities, and to monitor costs, analyze performance, identify savings (where possible) and re-evaluate approaches in a flexible, rapid, and effective manner. 

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Season's Greetings and Holiday Tree Map!

Posted by Neubrain Communications

In keeping with Neubrain Holiday tradition, here is another gift of visualization best practice.

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Topics: Neubrain, visualization

Quick Tips for Defining Business Performance Metrics

Posted by Neubrain Communications

During the course of working with various organizations that have deployed performance dashboards we have discovered 4 major success factors to implementing them successfully: (1) proper sponsorship and adequate resources for the project; (2) creating the right metrics and standardizing their meaning; (3) designing a compelling user interface and the proper technical infrastructure to manage the metrics collection and analysis processes; and (4) planning ahead to ensure end-user adoption and managing organizational change.

In this blog we would like to briefly address the second factor: creating the right metrics and standardizing their meaning. Organizations should invest the time towards developing a well-rationalized, well-balanced set of leading indicators and operational metrics aligned with their strategic objectives and priorities. This step is crucial when implementing a sound performance management capability. Here are a few tips on how to start:

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Topics: performance management, dashboards, metrics

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Neubrainer 

neu·brain·er |n(y)o͞o brān ər|
noun

  • Neubrain’s official blog featuring expert advice, industry news and analysis, innovative ideas, and more. Did you read today’s post on Neubrainer?
  • An important tip or fact from Neubrain experts; Improve cost-efficiency and foster interdepartmental communication by implementing a performance-based budgeting solution-- it’s a Neubrainer.