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FMW Web is particularly suited to budgeting, planning and
reporting applications in the public and quasi-public sectors, including
Municipalities, State, Provincial and Federal Governments and
agencies, Utilities, 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. Often the planning and reporting is done
within a Fund structure.
Some of the features which make FMW Web a compelling
solution for applications of this nature are:
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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.
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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 those objects relevant
to him, and provides a security layer which can be defined down
to individual elements (e.g. accounts, department, jobs etc.).
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Data structures within the data warehouse 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.
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Complete audit trails of every change to a financial or statistical
number in the system can (optionally) be maintained.
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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.
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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.
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Budgets can be moved through a number of versions / iterations
in a secure and controlled manner.
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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.
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The system has a highly extensible architecture, which allows
specialized client- or sector-specific functionality to be easily added.
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