SAS^® Financial Management for State and Local Governments

State and local governments are feeling a budgetary pinch as a result of federal tax cuts and shrinking local tax collections. Mandates from the Governmental Accounting Standards Board and the public demand for greater fiscal responsibility add to the pressure. In response, state and local governments are turning to SAS for accurate and reliable financial information.   In the Spotlight SAS® software comes easy to Texas public sector organizations Convenience contract with Texas Department of Information Resources gives power of SAS to Lone Star State. SAS Financial Management can help agencies bring together financial information from a variety of systems across the enterprise, yielding comprehensive results that enable state and local governments to operate more effectively and efficiently. The SAS solution integrates data management and financial intelligence with industry-leading online analytical processing, allowing organizations to be viewed from any perspective: statewide, bureau, agency, program, geographic, local or other category. SAS Financial Management improves the accuracy, relevance and timeliness of financial plans, budgets and reports while promoting the alignment and execution of strategy. This solution uses the integrity, analytic power and scalability of the SAS Intelligence Platform to facilitate flexible, strategic financial and operational planning within a collaborative environment – across the entire enterprise. Using SAS Financial Management, organizations can more effectively analyze and manage the true drivers of stakeholder value in relation to strategy in real time. SAS Financial Management includes two integrated functional components: Planning – allows finance executives and other key finance department personnel to embed advanced SAS analytics into budgets and plans for more accurate forecasting of future operating results. Financial reporting – provides the unique capability to consolidate multidimensional information on demand while performing all financial calculations relevant to the reporting and planning processes, thereby enabling organizations to close their books more rapidly. Using these powerful components, departments and agencies will be able to: Create more frequent, accurate forecasts. SAS Financial Management allows an organization to create plans and forecasts which can easily be updated in response to changing business and operational circumstances. As a result, forecasted earnings expectations can be released with greater confidence, and the continuous process of managing strategy execution is enabled and shared across the enterprise. Ensure financial transparency. SAS Financial Management provides a transparent environment for managing financial and operational data in order to produce timely, accurate and relevant reports. This transparency is achieved by extending control of information horizontally across the enterprise and vertically between transaction-oriented systems and the higher-level financial management system. Publish reports more quickly. Because of the growing need to publish accurate reports more quickly, SAS Financial Management significantly reduces the time required to produce and publish financial reports. On-demand consolidations, which simultaneously incorporate any necessary currency conversion, eliminations, ownership adjustments and allocations, can reduce the time and cost necessary for financial consolidations. SAS Financial Management works hand-in-hand with other SAS solutions, combining information about strategic performance management – ranging from financial performance to customer and supplier relationship management to workforce planning and analytics. Agencies can add capabilities for financial statistical forecasting. If activity-based costing/management is what you need, you can also implement the highly acclaimed SAS Activity-Based Management for high-powered costing and planning analytics. At SAS, we understand the critical role financial management plays in helping each agency achieve its mission and strategic planning goals. After all, our solutions have been helping state and local governments provide faster, more efficient service to citizens for nearly three decades. For additional information on our financial management solutions, please call 1-800-727-0025 and ask to speak to your SAS representative. Learn more about Federal Financial Management.

Looking for more information? Download one of our government white papers. Sign up for a free e-newsletter. See what analysts are saying about SAS. Read related government success stories. Ready to put THE POWER TO KNOW® to work for you? Contact your local SAS office or call us toll free at 1-800-727-0025 (U.S. and Canada). Contact SAS for pricing information and to learn more about our products and solutions. Download one of our government white papers.