Government and Higher Education

FMW Web is particularly suited to budgeting, planning and reporting applications in the public sector and in sectors where budgeting practices and objectives resemble those commonly used in the public sector. These include Municipalities, State, Provincial and Federal Governments and agencies, Utilities, Non-profit organizations and Universities and Colleges. These types of organizations usually have detailed, high-volume, carefully controlled, bottom-up budgeting and planning processes in which a large number of personnel collaborate.  Budgeting and reporting is frequently done within a Fund structure.

Some of the features which make FMW Web a compelling solution for applications of this nature are:

  • The product is based on a secure and highly tuned database, which is designed to handle both large data volumes and a large number of concurrent users.

  • A sophisticated role-based security manager allows customized views of the data to be presented to each user, which both eliminates confusion by limiting a user to seeing only relevant objects and data, and provides a security layer which can be defined down to individual elements (e.g. accounts, department, jobs etc.).

  • Data structures within the data store are very flexible and can be configured to handle a variety of scenarios / models in the Operating, Capital and Salary planning areas, including flexible key, column / timelines definitions.

  • Complete audit trails of every change to a financial or statistical number in the system can (optionally) be maintained.

  • An open architecture facilitates easy exchanges of data with a variety of data sources, meaning that this software can be thoroughly integrated in complex and diverse application architectures, rather than being viewed as a stand alone application.

  • In addition to a spreadsheet-like interface, a journal entry / budget transfer system is included, which is particularly important in fund-based budgeting processes. This includes the ability to add special editing rules to control journal entries.

  • Budgets can be moved through a number of versions / iterations in a secure and controlled manner.

  • A full-featured text editor (which includes features such as spell-checking and tables) allows text to be created and attached to various elements of the data structure, and included in reports, for describing such things as project justifications or explaining variances.

  • The system has a highly extensible architecture, which allows specialized client- or sector-specific functionality to be easily added.