Increased scrutiny of budgetary processes, corresponding public transparency demands, and the need to react quickly to economic change have sent governments on a quest to revamp budget performance management, a traditionally lengthy process that has not consistently kept pace with technological advances.
Performa's flagship software suite, BIDS (Budget Information Development System), provides a tailored performance management workflow, designed to have the flexibility and adaptability to replicate any budget process. BIDS solutions allow agencies to create, model, and manage various targets, forecasts, key business drivers and organizational structures; produce pre-formatted reports and statements; and review predictive scenario analyses. BIDS' collaborative environment supports any number of zero- and historical-based, rolling budgets and plans, while ensuring speed, accuracy, integrity, and control over the budgeting and planning process, ultimately deriving meaningful, realistic financial and operational plans.
Major government bodies from the US to Australia have chosen BIDS to serve as their central system for budget formulation and execution, including the states of Virginia, Tennessee, and Maryland. Additionally, agencies within these states have selected BIDS to provide their own internal, standalone “best of breed” budget system, integrated directly to their HR and ERP systems, to provide seamless reporting functionality to the central budget office.
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